Business
Hovnanian Enterprises Posts Quarterly Loss as High Mortgage Rates Hit Sales
Hovnanian Enterprises HOV 11.30%increase; up pointing triangle continues to cope with a stagnant housing market, plagued by cautious consumers who are too anxious to buy new homes.
“World events, as well as high mortgage rates, high gas prices, inflation and other factors have caused potential home buyers to hesitate,” Chief Executive Ara Hovnanian said on a call with analysts Thursday.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
You must be logged in to post a comment Login