Hovnanian Enterprises Inc (NYSE:HOV)

CAPS Rating: 2 out of 5

Designs, constructs and markets high quality single-family detached homes and attached condominium apartments and townhouses in planned residential developments in the Northeast.

Recs

4
Player Avatar DarthMaul09 (29.74) Submitted: 7/16/2011 2:05:29 AM : Underperform Start Price: $3.31 HOV Score: +18.93

Recent news concerning weakness of many financial firms with potential layoffs in the near future would seems to bring additional stress to the housing market in the Northeast. With the housing industry weakened by 3 years of QE and no real recovery, it is unlikely that any further increase in unemployment will be tolerated well. Unless foreign buyers are found, it appears that the trend downward will continue for many of the home builders, including HOV.

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