Hovnanian Enterprises, Inc. HOV Home Building — Number Of Walk Away Lots
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept hov:NumberOfWalkAwayLots.
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
Write-offs of options, engineering and capitalized interest costs are recorded in "Inventory impairments and land option write-offs" when we redesign communities, abandon certain engineering costs or do not exercise options in various locations because the pro forma profitability is not projected to produce adequate returns on investment commensurate with the risk. Total aggregate write-offs related to these items were $3.4 million and $1.9 million for the three months ended April 30, 2026 and 2025, respectively, and $5.8 million and $2.9 million for the six months ended April 30, 2026 and 2025, respectively. The number of lots walked away from during the three months ended April 30, 2026 and 2025 were 2,015 and 2,463, respectively, and 2,750 and 4,897 during the six months ended April 30, 2026 and 2025, respectively. The walk-aways during the first half of fiscal 2026 and 2025 occurred across each of our reportable segments.
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FAQ
- What is Hovnanian Enterprises, Inc.'s home building — number of walk away lots?
- Hovnanian Enterprises, Inc. (HOV) reported home building — number of walk away lots of 2K in Q1 2026.
- How has Hovnanian Enterprises, Inc.'s home building — number of walk away lots changed year-over-year?
- Hovnanian Enterprises, Inc.'s home building — number of walk away lots decreased by 18.2% year-over-year, from 2.5K to 2K.
- What does home building — number of walk away lots mean?
- This metric quantifies the number of land parcels associated with terminated purchase options where the company chose to forfeit deposits rather than proceed with acquisition. It indicates the company's willingness to exit unfavorable land deals to mitigate future financial risk.
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