Starts of new U.S. homes fell more than forecast in April to a five-month low, indicating a pause in the industry’s progress as builders slowed work on apartments. Building permits surged to an almost five-year high.
Housing starts in the U.S. probably fell in April from an almost five-year high, indicating a pause in the industry’s progress as builders slowed work on apartment buildings, economists said before a report today.
Hovnanian Enterprises Inc., the best-performing U.S. homebuilder stock in the past 12 months, reported a narrower loss for its fiscal first quarter as sales and orders increased amid a housing rebound.
Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, reported an unexpected profit for its fiscal second quarter as orders jumped 52 percent amid rising U.S. demand for new houses. The shares surged.
Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, reported a third-quarter loss that was bigger than analysts expected as sales fell following the expiration of a homebuyer tax credit.