Home sales cut into builders' profit,...

Home sales cut into builders' profit, Hovnanian says

There are 1 comment on the Asbury Park Press Online story from Feb 21, 2008, titled Home sales cut into builders' profit, Hovnanian says. In it, Asbury Park Press Online reports that:

Homebuilders concerned with cash flow are selling homes for less profit as the U.S. housing decline deepens, Hovnanian Enterprises Inc.

Join the discussion below, or Read more at Asbury Park Press Online.

Gracia Mericle

Charlotte, NC

#1 Feb 21, 2008
In rely to the Hovnanian item, I was employed by K. Hovanian for over 7 years. On a November Wednesday I was given a glowing review for my work and on the next day, Thursday, I was given the news that I was included in a 14 person lay off! So much for being told I was a valuable employee. The Charlotte, NC office has had 2 additional layoffs and is down to 5 employees. Oh well, I am enjoying not working---maybe I can even visit Westhope this summer if the price of gas does not go way high.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Hovnanian Enterprises Discussions

Title Updated Last By Comments
News U.S. Home-Price Gains Accelerate in Real Estate... (Dec '12) Dec '12 QUITTNER 4
News Home Builders Run Out of Lifelines (Aug '11) Aug '11 Sorry Toll Brothe... 1
I want to sell my Macbook pro 17 (Jan '08) May '10 Tony Ellis 2
News Billions for builders (Mar '10) Mar '10 Sarah 1
News Beleaguered Beazer Homes fights for tax break (Feb '09) Feb '09 Greg S 1
News Construction (Feb '09) Feb '09 Ara Hovanian 1
News Analyst claims Hovnanian may fail 'absent a mir... (Jan '09) Jan '09 Turd Ferguson 2
More from around the web