DALLAS, Oct. 22, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring homebuilder Hovnanian Enterprises Inc. (NYSE:HOV). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

The investment report on Hovnanian Enterprises Inc. (NYSE:HOV) should be of particular interest to other homebuilding companies: Comstock Homebuilding Companies Inc. (Nasdaq:CHCI), Orleans Homebuilders (NYSE Amex:OHB), M.D.C. Holdings Inc. (NYSE:MDC) and The Ryland Group Inc. (NYSE:RYL).

The full report is available at: http://www.stockpreacher.com/n/HOV

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Hovnanian Enterprises Inc. (HOV) is one of the nation's largest homebuilders, designing, constructing, marketing and selling single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill, and active adult homes.

Message Board Search for HOV: http://www.boardcentral.com/boards/HOV

In the report, the analyst notes:

"HOV also focuses on maximizing liquidity and reducing debt levels. According to CFO J. Larry Sorsby, the Company successfully reduced debt by an additional $119 million during the third quarter through debt tender offers. At July 31, 2009, HOV's cash position was $545.6 million, reflecting the $81 million used for the debt tender offers and $100 million used to pay off the balance on the Company's revolving credit facility, according to Sorby.

"On October 20, HOV announced the closing of $785 million senior secured notes offering, as well as the expiration and final results of cash tender offers and related consent solicitations for its senior secured and unsecured notes. Early this month, HOV announced its plan to sell up to $775 million of seven-year notes in order to fund its previously reported tender offer for up to $759.3 million in debt."

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