WEAK SALES: Hovnanian's signed contracts for new homes dropped 17 percent from a year earlier. Contracts were flat if you exclude communities that are no longer open.
TRIMMED LOSS: Homebuilder Hovnanian Enterprises Inc. cut its loss in the three months ended in April compared with a year ago thanks in part to a sharp reduction in land-related write-downs. The builder's $1.5 million in charges is its smallest in five years.
LACKLUSTER MAY: Hovnanian says May contracts were weak compared with May 2008,Juicy Couture swimwear, a sign the recently expired federal homebuyer tax credit has pulled sales forward.
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