Seeking Alpha

Shares of homebuilder Hovnanian (HOV +2.5%) rise after reporting an after-tax loss well below a...

Shares of homebuilder Hovnanian (HOV +2.5%) rise after reporting an after-tax loss well below a year ago, and revenue increased nearly 7%. Contract backlog at the end of January totaled 1,730 homes with a sales value of $578.4M, Y/Y increases of 28% and 33% respectively. Other homebuilders rise too: DHI +2.7%, LEN +3.1%, KBH +3.1%, PHM +2.6%.
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