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Hovnanian Enterprises Inc

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  • Hovnanian Enterprises Chief Executive Ara Hovnanian told CNBC Friday that the housing market's biggest problem is pyschological.

  • I have to say that given the earnings of the major public homebuilders that I’ve been reporting all week, Hovnanian CEO Ara Hovnanian’s comments on CNBC this morning made me wonder if his rose-colored glasses weren’t perhaps impairing his vision entirely. No offense at all to the CEO, who, I’m happy to say, is one of very few of his ilk right now that will actually agree to go on TV and speak his mind. The rest have been turning down our requests, several even telling me that I personally make them look foolish.

  • Homebuilder Profits Go From Bad to Worse Thursday, 26 Jul 2007 | 12:25 PM ET

    The slaughterhouse that has been the U.S. housing market for the past few months got bloodier on Thursday as several industry leaders reported worse results, July home sales fell more than expected and stocks throughout the sector hit multiyear lows.

  • Is Hovnanian a Buffett-Style Bargain? Tuesday, 17 Jul 2007 | 1:42 PM ET
    A reduced price is posted on a home for sale in the Los Feliz neighborhood of Los Angeles  Wednesday, June 13, 2007. Home sales in six Southern California counties slowed in May to a 12-year low for the month, with Riverside and San Bernardino counties posting the biggest annual declines, according to a report released by DataQuick Information Systems. (AP Photo/Damian Dovarganes)

    Hovnanian shares have come down from their high of almost $19 Friday, after getting a late-week boost from lots of speculation Warren Buffett might be interested in buying the beaten-back homebuilder as a value play. Sham Gad, a fan of Buffett's, writes on Motley Fool today that while he has no idea if Buffett really is interested in Hovnanian, it's still worthwhile to do your own Buffett-style analysis to see if the supposed target might be a good buy.

  • Stop Trading! Monday, 16 Jul 2007 | 1:59 PM ET

    Speculation that Warren Buffett could buy a stake in Hovnanian sent the homebuilders up. But on "Street Signs" today Cramer explained why there's a more likely target. 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 Shares Rise on Talk of Buffet Interest Friday, 13 Jul 2007 | 5:57 PM ET

    Shares of Hovnanian Enterprises, the No. 6 U.S. home builder, rose sharply Friday as rumors swirled that Warren Buffett's Berkshire Hathaway would buy an interest in the struggling home builder.

  • Shares of the beleaguered home builder Hovnanian are up sharply today amid rumors that Warren Buffett's Berkshire Hathaway is buying a stake in the company. Optionmonster.com founder and frequent Fast Money player Jon Najarian is quoted as saying, "There is talk that Warren Buffett is buying a stake in Hovnanian."  But our own Bob Pisani at the NYSE points out that one would expect to hear this kind of rumor on a slow Friday in July.

  • KHOV: Kudos For Telling It Like It Is! Friday, 22 Jun 2007 | 10:31 AM ET

    I know a lot of you real estate watchers out there don’t like the numbers, don’t believe the numbers, don’t want to hear me analyze the numbers, and if that’s the case, then please stop reading right here. For those of you left, you should know we’ll be getting a lot of new numbers at the beginning of next week:  May Existing Home Sales from the National Association of Realtors, May New Home Sales from the U.S. Dept of Commerce and the S&P/Case Shiller Monthly Home Price Index.  I know, fun stuff.

  • Home Builders Say: "Trade In" Old Home For New! Wednesday, 20 Jun 2007 | 10:37 AM ET

    Yes, it’s yet another upshot of the downturn in housing. As big builders try to get rid of a heavy load of inventories, they’re faced with the fact that their potential customers can’t sell their existing homes and therefore can’t plunk down the big down payment on a brand spanking new one. Never fear, the builders are here. Along with all kinds of incentives, like help with the mortgage, free upgrades in the kitchen and bath, a lease on a BMW...

  • Hovnanian Enterprises (HOV) is feeling the effects of the subprime fallout and a softening housing market. The company lost 49 cents per share on a nearly 30% decline in revenues. Is this the bottom or is there more pain to come? The guys talk to Ara Hovnanian, CEO of Hovnanian Enterprises, to find out.

  • Luxury home builder Hovnanian Enterprises posted a quarterly loss on Thursday compared with a year-earlier profit and withdrew its prior earnings forecast, citing a protracted U.S. housing slowdown. 1st paragraph of story should go here.

  • Sudden Death Tuesday, 22 May 2007 | 7:48 PM ET

    Hovnanian and Sirius...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.

  • The Doctor is In Friday, 4 May 2007 | 3:41 PM ET

    I was struck by a line toward the end of Hovnanian Enterprise Inc.'s very dour Q2 forecast. After detailing how earnings losses would be more than double expectations, including all those land losses of course, and how the "results reflect a continued challenging operating environment in most of the company's markets," the conclusion was as follows: "The adverse publicity surrounding the sub-prime market has further damaged home buyers' psychology."

  • Hovnanian Enterprises said on Friday its second-quarter loss would be bigger than it had previously expected, as the subprime mortgage crisis exacerbated weakness in the moribund home-building sector.

  • Million Dollar Homes: Still Special For Many Friday, 27 Apr 2007 | 5:15 PM ET

    Thanks to the housing boom,  a lot more people own million-dollar homes than a decade ago, but the status symbol certainly isn't what it used to be.

  • New Homes, New Questions Friday, 20 Apr 2007 | 5:00 PM ET

    Builders remain cautious and buyers continue to be hesitant, but investors may want to make a move.

  • Sudden Death Wednesday, 18 Apr 2007 | 7:13 PM ET

    Kroger, Exxon and more ... the callers are quick but Cramer is quicker. 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.

  • Sudden Death Wednesday, 11 Apr 2007 | 7:03 PM ET

    You'd be surprised with how much can happen in a mere 30 seconds on Mad Money. Here's a perfect example.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 CEO Ara Hovnanian said he no longer sees the signs of stabilization in the housing market he did in March, and now warns the industry is still a ways from improvement. “The subprime has gotten a lot of attention and it’s not just been the direct effect of the subprime but the psychological effect, even by those that are not using subprime mortgages.… It’s causing hesitation,” Hovnanian told CNBC’s Erin Burnett on "Street Signs."

  • Watch for Housing Rebound In Second Half Monday, 5 Mar 2007 | 5:02 PM ET

    Housing is highly cyclical, and stocks in the sector often hit bottom a year before the fundamentals turn sour. A Citigroup analyst says cancellations of new home orders are down and expects the residential housing sector to turn around in the second half of 2007.