Hovnanian Enterprises(HOV) - 2024 Q2 - Earnings Call Transcript

First, with continued growth in contracts, we sold through communities faster than we anticipated. The other factor continues to be delayed due to utility hookups throughout the country. We currently expect our total community count to increase by about 5% to 10% by the end of the third quarter of '24 and then grow at least another 5% by the end of fiscal '24. We expect community count to continue to grow in fiscal '25. Predicting community count can be challenging given a variety of factors. The reason we ...