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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (54314)	8/4/2006 2:13:32 PM
From: mishedlo	Read Replies (1) of 116555

HOV money.cnn.com "Our anticipated financial results for the remainder of 2006 continue to be negatively impacted by a slower sales pace, high cancellation rates on contracts in backlog that were projected to close this year, and more pronounced use of concessions and incentives, particularly on the resale of those homes which have experienced contract cancellations," Chief Executive Ara Hovnanian said in a statement.

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