Hovnanian Enterprises, Inc.·Consumer Cyclical
Hovnanian Enterprises, Inc. engages in the design, construction, marketing, and sale of residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas. The company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters. It also provides mortgage loans and title insurance services. The company was founded in 1959 and is headquartered in Matawan, New Jersey.
Consumer Cyclical
Residential Construction
1,878
1983-09-07
1.87

Hovnanian Enterprises NYSE: HOV reported second-quarter fiscal 2026 results that management said reflected “solid execution” in a volatile housing market, with profitability coming in at the high end or above several internal targets despite weaker year-over-year delivery volume and elevated incentives.

The home builder posted a loss of $284,000 for its second quarter ended April 30, compared with a profit of $19.7 million a year earlier.

Met or Exceeded Guidance on Nearly All Metrics Provided Gross Margins Improved Sequentially Following First Quarter Trough 2% Year-Over-Year Increase in Total Domestic Contracts $442 Million of Total Liquidity Well in Excess of Our Target Range

MATAWAN, N.J., May 07, 2026 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2026, the morning of Thursday, May 21, 2026. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Thursday, May 21, 2026.

Hovnanian Enterprises remains a 'strong buy' despite near-term housing market headwinds, driven by long-term supply shortages and population growth. HOV's current financials reflect industry-wide weakness: Q2 revenue is forecasted below last year, with EBITDA expected to fall from $61.3M to $30–40M. Valuation remains attractive versus peers on cash flow and EV/EBITDA, while management's disciplined deleveraging and extended debt maturities reduce risk.

NEW YORK, April 8, 2026 /PRNewswire/ -- GTIS Partners LP ("GTIS"), a global real estate investment firm with a focus on residential and industrial/logistics investments, and Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced the closing of a $200 million joint venture to develop, construct and sell homes across a diversified portfolio of for-sale homebuilding communities. Under the joint venture, GTIS through its investment vehicles is investing $150 million of equity capital alongside Hovnanian contributing $50 million, or 25%, of the capital requirement for total build out costs projected at approximately $545 million representing $617 million in home value, raising the total home value of the GTIS-Hovnanian homebuilding joint venture to $8 billion.