Hovnanian Enterprises, Inc. HOV Home Building — Debt Weighted Average Interest Rate
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept us-gaap:DebtWeightedAverageInterestRate.
The source filing: Hovnanian Enterprises, Inc.’s 10-Q, filed June 2, 2026.
- Filed
- Jun 2, 2026, 4:11 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001753926-26-000964
We had nonrecourse mortgage loans for certain communities totaling $32.7 million and $29.5 million, net of debt issuance costs, as of April 30, 2026 and October 31, 2025, respectively, which are secured by the related real property, including any improvements, with an aggregate book value of $55.2 million and $113.9 million, respectively. The weighted-average interest rate on these obligations was 7.2% and 7.4% at April 30, 2026 and October 31, 2025, respectively, and the mortgage loan payments primarily correspond to home deliveries.
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FAQ
- What is Hovnanian Enterprises, Inc.'s home building — debt weighted average interest rate?
- Hovnanian Enterprises, Inc. (HOV) reported home building — debt weighted average interest rate of 7.2% in Q1 2026.
- How has Hovnanian Enterprises, Inc.'s home building — debt weighted average interest rate changed year-over-year?
- Hovnanian Enterprises, Inc.'s home building — debt weighted average interest rate decreased by 12.2% year-over-year, from 8.2% to 7.2%.
- What does home building — debt weighted average interest rate mean?
- This metric represents the average cost of debt financing for the homebuilding segment, weighted by the principal amount of each outstanding debt instrument. It is a critical indicator of the company's interest expense burden and its sensitivity to broader interest rate fluctuations.
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