Company: HOVVB
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001753926-25-001413
Chunk: 9

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-08-29
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 % Change 

2025

2024

% Change

Consolidated total:

 Housing revenues 

$
769,050

$
687,424

11.9
%

$
2,066,278

$
1,947,989

6.1
%

 Homes delivered 

1,431

1,255

14.0
%

3,970

3,601

10.2
%

 Average sales price 

$
537,421

$
547,748

(1.9)
%

$
520,473

$
540,958

(3.8)
%

Unconsolidated joint ventures: (1)

 Housing revenues 

$
165,148

$
151,443

9.0
%

$
441,419

$
396,901

11.2
%

 Homes delivered 

246

227

8.4
%

650

615

5.7
%

 Average sales price 

$
671,333

$
667,150

0.6
%

$
679,106

$
645,367

5.2
%

(1) Represents housing revenues and home deliveries for our unconsolidated homebuilding joint ventures for the period. We provide this data as a supplement to our consolidated results as an indicator of the volume managed in our unconsolidated joint ventures. See Note 18 to the Condensed Consolidated Financial Statements included elsewhere in this Quarterly Report on Form 10-Q for a further discussion of our unconsolidated joint ventures.

31

Homebuilding: Land Sales and Other Revenues

Land sales and other revenues decreased $13.4 for the three months ended July 31, 2025 and increased $1.6 million for the nine months ended July 31, 2025, compared to the same periods in the prior year. Revenue associated with land sales can vary significantly due to the mix of land parcels sold. There were two and five land sales during the three and nine months ended July 31, 2025, respectively, and one and two land sales in the three and nine months ended July 31, 2024, respectively. Land sales revenues decreased $13.0 million and increased $4.8 million during the three and nine months ended July 31, 2025, respectively, compared to the same periods in the prior year. Other revenues, which includes interest income, decreased due to lower rates on our cash