Company: HOVVB
Filing Date: 2025-02-28
Form Type: 10-Q
Source: 0001753926-25-000367
Chunk: 16

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-02-28
Form: 10-Q
Item: Part I, Item 2
Chunk 16
---
6, while our community count increased from 118 at January 31, 2024 to 125 at January 31, 2025.

Contract Cancellation Rates

The following table provides historical quarterly cancellation rates, which represents the number of cancelled contracts in the quarter divided by the number of gross sales contracts executed in the quarter, excluding unconsolidated joint ventures:

 Quarter  

2025

2024 

2023 

2022 

2021 

 First  

16
%
 
14
%
 
30
%
 
14
%
 
17
% 

 Second  

14
%
 
18
%
 
17
%
 
16
% 

 Third  

17
%
 
16
%
 
27
%
 
16
% 

 Fourth  

18
%

25
%

41
%

15
%    

31