Hovnanian enterprises reports fiscal 2022 third quarter results

81% year-over-year increase in pretax profit gross margin percentage increased 390 basis points year-over-year interest expense as percent of revenue declined 140 basis points year-over-year backlog cancellation rate increased to 8% from 6% last year consolidated contract dollars declined 23% year-over-year increased full year ebitda, gross margin and adjusted pretax profit guidance

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