Word: hovnanian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Homebuilding stocks have been on a tear, climbing 168% on average from their trough in March, outpacing the S&P 500's 57% rise during the same period, says Barclays Capital analyst Megan Talbott McGrath, who tracks eight major builders. If Hovnanian Enterprises, whose stock has soared 645% from its trough, is excluded, builders have rallied 89% on average since March, she says...
...Montville, N.J., homebuilder Hovnanian Enterprises had barely set up a sales trailer on the site of a planned housing project last month when buyers started lining up. Says spokesman J. Larry Sorsby: "We had no sample homes or models, and we sold the whole thing -- 78 homes -- the first weekend...
...lining up outside the development's office six days before the first applications were to be given out. Soon the crowd swelled to 200, and the police had to be called in when several people tried to skip to the head of the line. Says Society Hill Developer Ara Hovnanian, a major builder throughout the Northeast: "We've been in the business for 26 years, and we've never seen anything quite like...
| 1 |