Hovnanian Enterprises reported results for the quarter ended 2026, with revenue of $705.75M, a net loss attributable to the company of ($1.8M) and diluted EPS of ($0.7), versus prior-year revenue of $800.58M, net income of $16.62M and diluted EPS of $1.99.

Financial Highlights

¹ Reported as “Total revenues”. ² Reported as “Net (loss) income attributable to Hovnanian Enterprises, Inc.”. ³ Reported as “Diluted income per common share”.

Business Highlights

• Revenue decline driven by roughly 12% fewer home deliveries despite modest price increases, with sale of homes revenue down about 11.7% in the quarter and about 10.0% year to date.
• Channel and product mix shifted toward quick move-in (QMI) homes to accelerate pace, while there was a modest return to more to‑be‑built contracts that typically carry higher margins.
• Operational focus on shortening construction cycles, implementing national cost-reduction initiatives and offering increased incentives such as rate buydowns to support closings.
• Geographic performance varied: Northeast and West experienced delivery declines and mix shifts, while the Southeast posted modest YTD revenue growth but saw lower profitability in some periods.
• Liquidity-funded growth continued with substantial land and development investment of $644.9M year to date to expand future community inventory.

Original SEC Filing: HOVNANIAN ENTERPRISES INC [ HOV ] - 10-Q - Aug. 28, 2026