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Hovnanian Enterprises, Inc. HOV Inventory Impairments And Land Option Cost Write Offs
Inventory Impairments And Land Option Cost Write Offs at other companies
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept hov:InventoryImpairmentsAndLandOptionCostWriteOffs.
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
| Line item | Three Months Ended April 30, 2026 | Three Months Ended April 30, 2025 | Six Months Ended April 30, 2026 | Six Months Ended April 30, 2025 |
|---|---|---|---|---|
| Homebuilding: | ||||
| Cost of sales, excluding interest | 531,061 | 543,289 | 1,040,692 | 1,076,579 |
| Cost of sales interest | 15,966 | 19,938 | 32,557 | 39,294 |
| Inventory impairments and land option write-offs | 8,750 | 3,056 | 11,109 | 4,096 |
| Total cost of sales | 555,777 | 566,283 | 1,084,358 | 1,119,969 |
| Selling, general and administrative | 56,998 | 51,064 | 107,279 | 105,317 |
| Total homebuilding expenses | 612,775 | 617,347 | 1,191,637 | 1,225,286 |
| Financial services | 13,361 | 12,891 | 26,596 | 26,328 |
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FAQ
- What is Hovnanian Enterprises, Inc.'s inventory impairments and land option cost write offs?
- Hovnanian Enterprises, Inc. (HOV) reported inventory impairments and land option cost write offs of $8.75M in Q1 2026.
- How has Hovnanian Enterprises, Inc.'s inventory impairments and land option cost write offs changed year-over-year?
- Hovnanian Enterprises, Inc.'s inventory impairments and land option cost write offs increased by 186.3% year-over-year, from $3.06M to $8.75M.
- What is the long-term trend for Hovnanian Enterprises, Inc.'s inventory impairments and land option cost write offs?
- Over 4 years (2021 to 2025), Hovnanian Enterprises, Inc.'s inventory impairments and land option cost write offs has grown at a 81.7% compound annual growth rate (CAGR), from $3.63M to $39.57M.
- What does inventory impairments and land option cost write offs mean?
- This metric represents non-cash charges taken when the carrying value of real estate assets or land options exceeds their estimated fair market value. It reflects management's assessment of market conditions and the recoverability of land investments. High levels of these write-offs often indicate declining property values or strategic shifts in development plans.
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