Hovnanian Enterprises, Inc. HOV Home Building — Secured Debt
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept us-gaap:SecuredDebt.
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 — secured debt?
- Hovnanian Enterprises, Inc. (HOV) reported home building — secured debt of $32.7M in Q1 2026.
- How has Hovnanian Enterprises, Inc.'s home building — secured debt changed year-over-year?
- Hovnanian Enterprises, Inc.'s home building — secured debt decreased by 58.1% year-over-year, from $78.1M to $32.7M.
- What does home building — secured debt mean?
- Reflects the portion of the homebuilding segment's debt obligations that are backed by specific collateral, such as land or development projects. Monitoring this metric is essential for assessing the segment's financial risk profile and the potential impact of asset-level defaults on overall liquidity.
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