APP Article on Hov
BY DAVID P. WILLIS
During its nearly 50-year history, Hovnanian Enterprises has seen ups and downs in the housing market.
You can count this as one of those down times for New Jersey's largest home builder.
The company has lost money for two consecutive quarters and last month said it anticipated a loss in its next quarter as well. Wall Street has pummeled Hovnanian shares, which have dropped more than 35 percent over the last year.