New Jersey-base homebuilder Hovnanian Enterprises Inc. (NYSE: HOV) reported this morning that its preliminary net contracts for the three-months ended January 31st, rose by 27% year-over-year, from 850 to 1,079. The company also said that the stronger trend has continued into the month of February.
The company also increased its number of actively selling communities from 201 at the end of January 2011 and 214 at the end of October 2011 to 220 this year.
Hovnanian shares are up nearly 5% in the pre-market, at $3.10 in a 52-week range of $0.89-$4.24.
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