Hovnanian Enterprises, Inc. HOV Home Building — Inventory Land Held For Sale
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept us-gaap:InventoryLandHeldForSale.
The source filing: Hovnanian Enterprises, Inc.’s 10-K, filed December 22, 2025.
- Filed
- Dec 22, 2025, 4:14 PM EST
- Fiscal year
- FY2025
- Accession
- 0001753926-25-001938
Inventories held for sale consists of parcels ready for sale in their current condition, where we have decided not to build homes but are instead actively marketing the parcels to potential buyers. As of October 31, 2025, there was no land held for sale, compared to $5.1 million of land held for sale at October 31, 2024. Land held for sale is reported at the lower of its carrying amount or fair value less costs to sell. In determining fair value for land held for sale, management considers, among other things, prices for land in recent comparable sale transactions, market analysis studies, which include the estimated price a willing buyer would pay for the land (other than in a forced liquidation sale) and recent bona fide offers received from outside third parties.
ITEM 7A
FAQ
- What is Hovnanian Enterprises, Inc.'s home building — inventory land held for sale?
- Hovnanian Enterprises, Inc. (HOV) reported home building — inventory land held for sale of $0 in Q3 2025.
- What does home building — inventory land held for sale mean?
- Represents the book value of land assets within the homebuilding segment that are designated for divestiture rather than development. This metric helps investors assess the company's strategy for optimizing its land portfolio and liquidating non-core assets.
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