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Hovnanian Enterprises (HOV -6%) is down today, despite posting better FQ4 revenue this morning...

Hovnanian Enterprises (HOV -6%) is down today, despite posting better FQ4 revenue this morning on strong Y/Y sales gains. Net losses narrowed as the home builder reported strong growth in new contracts and home deliveries. Home builders have seen improved bottom lines, boosted by increased orders and housing starts, as the housing market slowly continues to show signs of improvement.

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