Insiders at hov have been holding on to their free shares since June. Normally they would sell them as soon as they get them. hmmm what's up? $6.00 on the way in my opinion.
of the U.S. housing market, saying that "household formations — the primary driver of housing demand — will ultimately lead to increased demand for new homes."
Last week, Hovanian Enterprises (HOV) delivered better-than-expected fiscal Q4 quarterly sales and earnings and gave an upbeat assessment of the U.S. housing market, saying that "household formations — the primary driver of housing demand — will ultimately lead to increased demand for new homes."
By VANCE CARIAGA, INVESTOR'S BUSINESS DAILY
Posted 10:22 AM ET
The trend is UP now. IMHO
hov insiders not selling, and housing starts increasing, they know something imo.
Last month, ground breaking for SINGLE-FAMILY homes, the largest segment of the market, SOARED 20.8 percent to a 727,000-unit pace, the highest level since March 2008.
The Commerce Department said on Wednesday housing starts jumped 22.7 percent, the biggest jump since January 1990, to a seasonally adjusted annual rate of 1.09 million units, the highest level since February 2008. Go HOV
•Deliveries of 5,650 homes; +27%
•New orders of 4,498 homes; +13%; New orders dollar value of $1.4 bln +34%
•Backlog of 4,806 homes; +19%; backlog dollar value of $1.6 bln +40%
•Gross margin on home sales of 26.8% -- improved 330 basis points
HOV has to go over $12.50 soon imo
Lennar beats by $0.11, beats on revs (LEN) : Reports Q4 (Nov) earnings of $0.73 per share, $0.11 better than the Capital IQ Consensus Estimate of $0.62; revenues rose 41.8% year/year to $1.92 bln vs the $1.88 bln consensus.
TOL, HOV and now LEN all report an improving housing market.