In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a one-time tax benefit and not operations. The company’s prospects appear to be improving with performance across many key metrics, including deliveries, dollar value of net contracts, revenue and backlog, up from the year ago period.
Homebuilding bellwether, DR Horton, the largest homebuilder by revenue in the country, reported earnings of 39 cents a share or $142.5M for its fiscal year first quarter. This was up
According to data compiled by the Federal Reserve Bank of New York, the 10-year term premium moved above zero for the first time in 10 months on the 14th of
Industry veteran, Todd Palmaer, who recently served as a Regional President for Standard Pacific Homes, has been named as the CEO and President of RSI Communities based out of Newport
