“The decrease in domestic contract backlog dollars and number of homes as of April 30, 2026 compared to April 30, 2025 , was primarily driven by an increase in sales of QMI homes and improved domestic contract backlog conversion.”10-Q · Jun 2, 2026 ↗
Hovnanian Enterprises, Inc.
HOV
Market read
Hovnanian Enterprises, Inc.'s move is spreading beyond its market group.
No new filing conclusion is available. 4 of 18 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 1 directly disclosed connection is confirming.
- At least 12 of 18 durable members become active together.
- Capital-flow agreement rises above 55%.
- IBP remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 6 of 18 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 4 of 18 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- At least 12 of 18 durable members become active together.
- Capital-flow agreement rises above 55%.
- IBP remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Latest annual revenue changed -0.9% year over year.
- Demand and volume has repeated adverse evidence across 5 filings.
- EV/sales is 48% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
113.23Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“It also includes interest income and interest expense resulting from interest incurred that cannot be capitalized in inventory in the homebuilding segments, as well as the gains or losses on extinguishment of debt from any debt repurchases or exchanges.”10-Q · Aug 29, 2025 ↗
“Despite moderation in the rate of inflation during 2025, w e have also experienced price fluctuations and increased labor costs, particularly in recent fiscal years, as a result of a sharp rise in inflation across the United States.”10-K · Dec 22, 2025 ↗
“Despite moderation in the rate of inflation during 2025, w e have also experienced price fluctuations and increased labor costs, particularly in recent fiscal years, as a result of a sharp rise in inflation across the United States.”10-K · Dec 22, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.3× · EV/sales 0.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:50 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for HOV. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for HOV. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind HOV
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BXBlackstone Inc.partnerDec 22, 2025 ▾
“4 Table of Contents 2005 - Entered the Orlando, Florida market through our acquisition of Cambridge Homes and entered the greater Chicago, Illinois market and expanded our position in Florida and Minnesota through the acquisition of the operations of Town & C…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
HOV is currently a Participant in the organic co-movement group Housing Construction. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.