Hovnanian Enterprises, Inc. Reports Unaudited Consolidated Inventory Impairment Loss and Land Option Write-Offs for the Third Quarter Ended July 31, 2021
September 09, 2021 at 09:15 am EDT
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Hovnanian Enterprises, Inc. reported unaudited consolidated inventory impairment loss and land option write-offs for the third quarter ended January 31, 2021 was $1,309,000 as compared to $2,364,000 a year ago.
Hovnanian Enterprises, Inc., through its subsidiaries, conducts all of its homebuilding and financial services operations. Its segment includes Homebuilding and Financial services. The Homebuilding segment consists of three segments: Northeast (Delaware, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia); Southeast (Florida, Georgia and South Carolina), and West (Arizona, California and Texas). The Homebuilding segments are engaged in the sale and construction of single-family attached and detached homes, attached town homes and condominiums, urban infill and active lifestyle homes in planned residential developments. It also includes sales of land. The Financial services segment provides mortgage banking and title services to homebuilding operations customers. Its residential development activities include site planning and engineering, obtaining environmental and other regulatory approvals and constructing roads, drainage facilities and others.
Hovnanian Enterprises, Inc. Reports Unaudited Consolidated Inventory Impairment Loss and Land Option Write-Offs for the Third Quarter Ended July 31, 2021
HOVNANIAN ENTERPRISES, INC. 
