Hovnanian Enterprises, Inc. HOV West — Impairment Of Real Estate
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.
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
We estimate the fair value of each impaired community by determining the present value of the estimated future cash flows at a discount rate commensurate with the risk of the respective community. For the year ended October 31, 2025, our discount rates used to determine the fair value ranged from 16.5% to 20.0%. We recorded inventory impairments, which are included in the Consolidated Statements of Operations as “Inventory impairments and land option write-offs” and deducted from inventory of $21.4 million and $10.0 million for the years ended October 31, 2025 and 2024, respectively. We did not have any assets measured at fair value on a nonrecurring basis during the year ended October 31, 2023 (see Note 12).
ITEM 7A
FAQ
- What is Hovnanian Enterprises, Inc.'s west — impairment of real estate?
- Hovnanian Enterprises, Inc. (HOV) reported west — impairment of real estate of $1.98M in Q3 2025.
- How has Hovnanian Enterprises, Inc.'s west — impairment of real estate changed year-over-year?
- Hovnanian Enterprises, Inc.'s west — impairment of real estate increased by 51.9% year-over-year, from $1.3M to $1.98M.
- What is the long-term trend for Hovnanian Enterprises, Inc.'s west — impairment of real estate?
- Over 3 years (2021 to 2025), Hovnanian Enterprises, Inc.'s west — impairment of real estate has grown at a 114.5% compound annual growth rate (CAGR), from $800K to $7.9M.
- What does west — impairment of real estate mean?
- Quantifies the non-cash charge taken to write down the carrying value of real estate assets in the West segment when their market value falls below their book value. This metric serves as a critical indicator of asset quality and potential overvaluation of land holdings.
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