Hovnanian Enterprises, Inc. , a leading national homebuilder, reported a net loss of $80.5 million, after tax, or $1.27 per common share for the third quarter ended July 31, 2007.

Watch List (Sept. 2-8): Overreacting? (CoStar Group)
In this week's issue would-be arbitragers tell us that in volatile market conditions such as these commercial real estate opportunities abound where investors have overreacted; Fitch Ratings says homebuilders could see worse conditions before better times...