Company: HOVVB
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001753926-25-001413
Chunk: 8

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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.2
%

 Total revenues 

$
800,583

$
722,704

$
77,879

10.8
%

 Nine Months Ended 

July 31,

July 31,

 Dollar 

 Percentage 

 (Dollars in thousands) 

 2025 

 2024 

 Change 

 Change 

 Homebuilding: 

 Sale of homes 

$
2,066,278

$
1,947,989

$
118,289

6.1
%

 Land sales and other revenues 

27,573

 25,968 

1,605

6.2
%

 Financial services 

66,826

51,323

15,503

30.2
%

 Total revenues 

$
2,160,677

$
2,025,280

$
135,397

6.7
%

30

Homebuilding: Sale of Homes

For the three and nine months ended July 31, 2025, sale of homes revenues increased 11.9% and 6.1%, respectively, compared to the same periods in the prior year. The sale of homes revenue increased due to a 14.0% and 10.2% increase in homes delivered, respectively, partially offset by a 1.9% and 3.8% decrease in the average price per home for the three and nine months ended July 31, 2025, respectively, compared with the prior year periods. The average price per home decreased to $537,421 in the three months ended July 31, 2025 from $547,748 in the three months ended July 31, 2024. The average price per home decreased to $520,473 in the nine months ended July 31, 2025 from $540,958 in the nine months ended July 31, 2024. The increase in deliveries was primarily the result of an increase in our backlog conversion ratio. The decrease in average price was the result of the geographic and community mix of our deliveries. For further detail on changes in segment revenues see “Homebuilding: Operations by Segment” below. For further detail on land sales and other revenues, see “Homebuilding: Land Sales and Other Revenues” below.

Information on the sale of homes is set forth in the table below:

Three Months Ended July 31,

Nine Months Ended July 31,

 (Dollars in thousands, except average sales price) 

2025

2024