• Hovnanian Enterprises posted a fiscal 2026 second-quarter net loss of $595,000, swinging from profit a year earlier, as revenue slipped 2.7% year over year to $667.6 million.
• Homebuilding gross margin after cost of sales interest expense and land charges narrowed 3.6 percentage points to 10.2%.
• Consolidated domestic contracts rose 1% from a year earlier to 1,412 homes, while dollar backlog fell 5% to $938.4 million; the cancellation rate increased 2 percentage points to 17%.
• Total liquidity was $442 million, while the company repurchased 90,507 shares for $9.5 million; Ara K. Hovnanian cited escalating geopolitical tensions, particularly the war in Iran, as a factor that caused many buyers to hesitate.
• For the fiscal third quarter, revenue is expected at $650 million-$750 million, with adjusted EBITDA of $30 million-$40 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hovnanian Enterprises Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605210915PRIMZONEFULLFEED9724717) on May 21, 2026, and is solely responsible for the information contained therein.