http://www.domresrealestate.com/wp-content/uploads/2016/03/36404-thumb.jpg 99 100 DomresRealEstate http://domresrealestate.com/wp-content/uploads/2014/10/domres_real_estate_blue_270.png DomresRealEstate2016-03-11 19:55:222016-03-11 19:55:22K. Hovnanian Homes exiting Tampa Bay market
K. Hovnanian Homes exiting Tampa Bay market
National home builder K. Hovnanian Homes is exiting the Tampa Bay market as well as Minneapolis and Raleigh, with plans to focus on markets where Hovnanian Enterprises (NYSE: HOV) has a higher market share.
Ara Hovnanian, chairman, president and CEO of Hovnanian Enterprises, says the New Jersey-based company plans to exit both Raleigh and Minneapolis via a bulk sale and to exit Tampa as soon as all existing inventory is sold.
In a conference call with analysts on March 9, Hovnanian noted that they… …read more