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Letter "A" » Ara Hovnanian Quotes
«The end of the housing boom doesn't mean the end of house appreciation. Instead of going up 20 percent a year, values are more likely to increase by 3 percent to 5 percent, which is normal and healthy. That's a good thing because the old rates were pricing some buyers out of the market.»
Author: Ara Hovnanian
«The market is returning to normalcy and the correction is both healthy and necessary.»
Author: Ara Hovnanian
«Charlie has a nose for value.»
Author: Ara Hovnanian
«During recent months, market conditions in many of our highly-regulated markets, including California, Florida, Washington, D.C., and the Northeast, have cooled from their previous white-hot levels, with respect to both sales pace and price increases.»
Author: Ara Hovnanian
«Clearly the market has slowed from the white-hot conditions that have existed over the prior years.»
Author: Ara Hovnanian
«We're going to see a leveling off, or at least a slowing, in the appreciation rate for a little while.»
Author: Ara Hovnanian
«Our anticipated results for our second quarter and the remainder of fiscal 2006 reflect smaller year-over-year increases in earnings than we had anticipated, primarily due to continuing production delays in several markets that have postponed deliveries, a slower recent sales pace, higher cancellation rates, more pronounced use of concessions and incentives, and material price increases.»
Author: Ara Hovnanian
«The housing market has continued to cool off from white- hot levels of previous years.»
Author: Ara Hovnanian
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