Hovnanian Q3 Sales Pace Tops Peers

Hovnanian Enterprises(NYSE:HOV) reported its fiscal third quarter ended July 31, 2025, posting $801 million in revenue (up 11% year-over-year), adjusted EBITDA of $77 million (above guidance for adjusted EBITDA), and adjusted pretax income of $40 million (at the top end of guidance for adjusted pretax income (non-GAAP)). The quarter highlighted above-peer sales pace per community, disciplined land strategy, and strong return metrics, despite ongoing macro and affordability pressures.Contracts per community were 9.8, surpassing the long-term fiscal third quarter average since 2008 of 9.1, despite industry-wide year-over-year declines in this metric. Hovnanian reported that 75% of delivered homes used mortgage rate buy downs, and 79% of sales were quick move-in homes (QMI), nearly double the historic average.This above-industry sales pace, driven by rapid QMI turnover and aggressive incentives, enhances liquidity, inventory rotation, and strengthens Hovnanian’s competitive positioning during market turbulence.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool