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The Latest Breaking News from HOV

Buy, Sell, or Hold These 3 Homebuilder Stocks?

The homebuilding industry is poised for substantial expansion, propelled by robust demand for housing properties. Given this backdrop, let’s assess the prospects of homebuilder stocks D.R. Horton (DHI), Hovnanian Enterprises (HOV) and Lennar Corporation (LEN) to determine the best investment opportunity in this space. Read on….

StockNews.com

4 Homebuilder Stocks Building up for 2024 Gains

With mortgage rates falling from their peak, homebuilders will likely benefit from an expected rise in housing demand. Hence, investors may consider buying fundamentally strong homebuilder stocks: Taylor Morrison Home (TMHC), PulteGroup (PHM), Hovnanian (HOV), and Sekisui House (SKHSY). Read more….

StockNews.com

3 Gaining Homebuilder Stocks to Buy in January 2024

Despite high-interest rates, the homebuilder industry is performing well due to growing housing demand. With the Fed's expected interest rate cuts rates next year potentially boosting housing demand, fundamentally strong homebuilder stocks Taylor Morrison Home (TMHC), Hovnanian Enterprises (HOV), and M/I Homes (MHO) could be solid portfolio additions now. Read…

StockNews.com

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Read How Hovnanian Enterprises Fared In Q2

Hovnanian Enterprises Inc (NYSE:HOV) reported second-quarter FY22 sales of $702.5 million, down slightly from $703.16 million last year. Homebuilding gross margin percentage, after the cost of sales interest expense and land charges, expanded 520 basis points to 23.3%. Costs and expenses declined 8.4% Y/Y to $617.9 million. The company held $163.7 million in…

Benzinga

3 Undervalued Homebuilding Stocks to Buy Now

The home building industry has been accelerating since the onset of the pandemic, thanks to the strong demand despite the ongoing supply chain disruptions and rising lumber prices. As the slumping mortgage rates boost housing demand further, undervalued homebuilding stocks Sekisui House (SKHSY), Tri Pointe Homes (TPH), and Hovnanian Enterprises…

StockNews.com

Hovnanian Enterprises Stock Slips Post Q1 Results, Reiterates Q2, FY22 Outlook

Hovnanian Enterprises, Inc (NYSE:HOV) reported first-quarter FY22 revenue of $565.31 million, a decline of 1.6% year-over-year, and below its Q1 outlook for total revenues of $640 million - $670 million. Homebuilding gross margin, after the cost of sales interest expense and land charges, increased 260 bps to 19.9%. SG&A was $72.2 million, or…

Benzinga

2 Homebuilding Stocks to Buy in February, 2 to Avoid

House prices hit record highs in 2021 on robust demand and low-interest rates. And the trend is expected to continue in 2022. Thus, it could be profitable to invest in homebuilding stocks NVR, Inc (NVR) and Hovnanian (HOV). However, supply shortages and rising mortgage rates might adversely impact fundamentally bleak…

StockNews.com

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