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Hovnanian Enterprises Inc

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  • Stock Rally Fizzles on Bank Warnings Wednesday, 12 Dec 2007 | 5:48 PM ET

    Stocks reversed a huge rally and closed with modest gains as dour forecasts from several banks overshadowed a Federal Reserve plan to ease the global credit crunch.

  • Outlook '08: Real Estate Offers Bargains And Damaged Goods Wednesday, 12 Dec 2007 | 11:39 AM ET
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    Betting on real estate these days is not for the faint of heart.  Between the housing correction, economic uncertainty, the credit crisis and predicted softening in the commercial property markets, determining where to invest for future returns requires an extra dose of due diligence and, let's face it, good old-fashioned courage.

  • It's Official: Markets Are In Correction Monday, 26 Nov 2007 | 4:50 PM ET

    A late-day selloff pushed the major stock averages down 10% from their highs, meaning the market is now officially in a correction.

  • Adami Spots A Trade In Housing Tuesday, 20 Nov 2007 | 6:24 PM ET
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    In a woeful sector, one stock is beginning to stand out as a trade, says Guy Adami on CNBC's "Closing Bell."

  • Hovnanian Says Housing Market Still Deteriorating Tuesday, 6 Nov 2007 | 12:21 PM ET

    Upscale U.S. home builder Hovnanian Enterprises said Tuesday fourth-quarter net contracts and home deliveries fell, while cancellations rose amid the housing market's decline.

  • Ara Hovnanian

    I’ve been listening to the web cast of today’s UBS Building and Building Products Conference (interestingly no cameras allowed this year, despite the fact that we were invited with open arms last year). Anyway, Ara Hovnanian, CEO of Hovnanian Enterprises, whose company reported some not-too-positive quarterly earnings guidance this morning...

  • Stocks Shake Off "Blues" To Move Higher Tuesday, 6 Nov 2007 | 9:56 AM ET

    Stocks are firming after the last few anxious sessions though the U.S. dollar has moved to a new low, oil is back on the rise and gold is at a 28-year high. The ever sunny Google is hitting a new high before the opening bell after Sanford C. Bernstein upped its target on the stock to $850 from $720.

  • Stop Trading!: Buy...Homebuilders? Friday, 26 Oct 2007 | 7:46 PM ET

    Cramer said he would consider "taking a shot" at the risky homebuilders, but only for a trade. Also, he shows support for the chief of Merrill Lynch.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Short Sellers Propel Home Builder Stocks Monday, 22 Oct 2007 | 2:45 PM ET

    Shares of home builders soared on Monday as a frenzy of short sellers bought stock to cover their positions, giving the overall housing stock index its greatest one-day gain in about five years.

  • Dollar Hitting Bottom As Stocks Rebound? Monday, 22 Oct 2007 | 2:43 PM ET

    Is the U.S. dollar bottoming? CNBC's Rick Santelli thinks it might be. The dollar has been on a downhill slide against the euro and other currencies for weeks now. As of the end of last week, the dollar lost 7.7% against the euro since the beginning of the year, and it continued to move lower overnight. But it did a reversal this morning, and that makes Santelli think it's time to look at the charts.

  • Moody's Downgrades Home Builders to 'Junk' Thursday, 11 Oct 2007 | 11:01 AM ET

    Moody's Investors Service on Thursday cut its ratings on home builders Centex, Lennar and Pulte Homes to junk status, saying it expects bleak housing industry conditions to linger at least until 2009.

  • D.R. Horton: It's Now Down To The Highest Bidder? Wednesday, 26 Sep 2007 | 2:57 PM ET

    Forgive me for posting a little bit late today, but I’ve been waiting for a call back from the press contact at D.R. Horton all morning, and now that it’s afternoon, I’ve decided to give up. I called the company (three times) to ask for a bit more information regarding an auction of 53 new D.R. Horton-built homes in San Diego this weekend.

  • How Much Worse Can Housing Slump Get? Tuesday, 25 Sep 2007 | 3:51 PM ET

    There was more bad news for the housing sector Tuesday. Both sales and prices of existing homes continued to fall, while inventories rose.

  • Homebuilders On Shaky Foundation Tuesday, 25 Sep 2007 | 11:33 AM ET

    Homebuilders were murdered Monday. Investors appear to be anticipating more bad news when the government reports existing home sales data Tuesday. Meanwhile, industry giants Lennar (LEN) and KB Home (KBH) report earnings this week. Has the housing market bottomed?

  • Mad Mail: Did Brother Bernanke Save the Frat Party? Thursday, 20 Sep 2007 | 11:03 AM ET

    Also, an adoring fan's generous offer; Cisco's new wireless acquisition and more.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Does the Fed Cut Save Housing? Wednesday, 19 Sep 2007 | 1:01 PM ET

    The short answer is: not today. I realize the CNBC audience doesn't need an explanation of why a Fed rate cut doesn't mean that you're suddenly saving hundreds of dollars a month on your 30-year fixed. Yes, it may slightly affect adjustable rate mortgage interest rates, and certainly some home equity lines, but the troubles in the housing market are far too vast right now to respond suddenly to a little ol' rate cut.

  • Did Ben Save Housing Market? Wednesday, 19 Sep 2007 | 10:22 AM ET

    The cracks that are the basis for this rate cut started with poor lending practices in the housing market. Did Bernanke signal that he won’t standby and let the housing slump drag us into a recession? As a result, should housing stocks be back in the ‘buy’ column?

  • Stop Trading!: Bernanke's Blessing Tuesday, 18 Sep 2007 | 3:21 PM ET

    A month ago the Fed had no idea, Cramer said. But Tuesday's surprise rate cut has redeemed the central bank.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Hovnanian Focused On Paring Inventory, CEO Says Tuesday, 18 Sep 2007 | 11:23 AM ET

    Home builder Hovnanian Enterprises is focused on reducing its inventory of unsold homes, after a national weekend sales promotion exceeded expectations, Chief Executive Officer Ara Hovnanian said on Tuesday.

  • I don’t have any real numbers from Hovnanian yet, but the spin abounds. The head of PR for the homebuilder’s Northeast region claims it was a huge success, thousands of people visited homes and one area at least sold out. Again, I have no real numbers, and Hovnanian says they’re not releasing any numbers until tomorrow earliest.