Hovnanian’s (HOV) CEO speaks.
Blah, blah, blah a loss. We all expected that. The key here is what he is seeing out there now. Not necessarily improvement, but stabilization. At this point, that would be fantastic news for the industry. Buyers have been sitting waiting for what they feel is the bottom, when the presume it to be here, they will act, fast.
This backs yesterday’s post on the subject.
Disclosure (“none” means no position):None
