Ara Hovnanian News
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The best six months of job gains since 2006 have helped reduce the odds of a third round of asset purchases by the Federal Reserve, according to a Bloomberg News survey of economists.
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Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, reported a narrower first- quarter loss as it reduced writedowns and increased sales.
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Hovnanian Enterprises Inc. , the largest homebuilder in New Jersey, said its second-quarter loss more than doubled as a lack of demand for new houses caused revenue to tumble 20 percent.
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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.
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Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, reported a narrower third- quarter loss as it reduced writedowns on land amid slumping demand for new houses.
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Hovnanian Enterprises Inc. , the largest homebuilder in New Jersey, fell the most in a year in New York trading after reporting a wider second-quarter loss than analysts estimated.
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Builders began work on more homes than forecast in January, reflecting a surge in multifamily units.
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Purchases of previously owned U.S. homes in August probably held close to the weakest level this year and construction dropped to a three-month low as the industry showed few signs of a emerging from its slump, economists said before reports this week.
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Housing starts in the U.S. increased more than forecast in August, outstripping a gain in building permits that signals residential construction will stay close to record lows.
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Home sales probably increased in August, a sign the U.S. real estate market is stabilizing after the expiration of a tax credit caused demand to plunge, economists said before reports this week.
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