Industry News

Builder Hovnanian reports $80.5 million quarterly loss

CEO blames credit tightening, bloated inventory, 'buyer psychology'
Published on Sep 7, 2007

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by CareyBot

Home builder Hovnanian Enterprises reported an after-tax net loss of $80.5 million in the quarter ended July 31 — a fourth consecutive quarterly loss for the company. The third-quarter loss amounts to a drop of $1.27 per common share, and ...