Wednesday, December 22, 2010

Local builder posts 4th quarter loss

Local home builder K. Hovnanian reported its 4th quarter income, which showed a smaller loss than 1 year ago, but came in lower than analysts expected.

K Hovnanians new home in Verrado, Buckeye, elev A

“K. Hov” is still building homes across the Valley. In the far West Valley K.Hov homes in the community of Verrado start at $149,900. They’re building substantially the same homes in Glendale, at the Loop 101 freeway and Bethany Home Road, starting at $164,900.

K Hovnanians new home in Chandler, elev A

K.Hov is also building in the East Valley: in Gold Canyon starting at $119,900 ; in the south Gilbert area starting at $199,999 ; and in the south Chandler area starting at $314,900.

Interested in seeing what K. Hovnanian’s new build home floor plans look like? Drop me a line and I’ll send you regular new listings from this or any other home builder.

You can also visit the K. Hovnanian website, but note that builder’s salespeople do not work for you, the buyer. They work for the buidler and their job is to craft a deal that’s best for the builder.

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Disclaimer: Blog owners/author did not receive any compensation or consideration of any kind from K. Hovnanian, Market News Video, Forbes.com, Bloomberg or any other entity in exchange for writing & publishing the post.