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HOVNANIAN ENTERPRISES , INC . Contact : Brad G. O'Connor Chief Financial Officer 732-747-7800 News Release Jeffrey T. O'Keefe Vice President , Investor Relations 732-747-7800 Exhibit 99.1 HOVNANIAN ENTERPRISES REPORTS FISCAL 2026 THIRD QUARTER RESULTS Met or Exceeded Guidance on Nearly All Metrics Provided Gross Margins Improved Sequentially for Second Quarter in a Row The Dollar Value of Consolidated Domestic Backlog Increased 5 % Year Over Year MATAWAN , NJ , August 20 , 2026 - Hovnanian Enterprises , Inc. ( NYSE : HOV ) , a leading national homebuilder , reported results for its fiscal third quarter and nine months ended July 31 , 2026 . RESULTS FOR THE THREE - MONTH AND NINE - MONTH PERIODS ENDED JULY 31 , 2026 : Total revenues were $ 705.7 million in the third quarter of fiscal 2026 , which was within the guidance range we provided , compared with $ 800.6 million in the same quarter of the prior year . For the nine months ended July 31 , 2026 , total revenues were $ 2.01 billion compared with $ 2.16 billion in the first nine months of fiscal 2025 . Domestic unconsolidated joint ventures sale of homes revenues for the third quarter of fiscal 2026 was $ 155.6 million ( 225 homes ) compared with $ 165.0 million ( 245 homes ) for the three months ended July 31 , 2025. For the first nine months of fiscal 2026 , domestic unconsolidated joint ventures sale of homes revenues was $ 353.9 million ( 524 homes ) compared with $ 441.2 million ( 649 homes ) in the nine months ended July 31 , 2025 . Homebuilding gross margin percentage , after cost of sales interest expense and land charges , was 11.8 % for the three months ended July 31 , 2026 , compared with 11.7 % during the third quarter a year ago . In the first nine months of fiscal 2026 , homebuilding gross margin percentage , after cost of sales interest expense and land charges , was 10.8 % compared with 13.5 % in the same period of the prior fiscal year . Homebuilding gross margin percentage , before cost of sales interest expense and land charges , was 14.6 % during the fiscal 2026 third quarter , which was within the guidance range we provided , compared with 17.3 % in last year's third quarter . For the second quarter in a row , gross margins , on both a GAAP and non - GAAP basis , improved sequentially in the third quarter as margins rebounded from the first - quarter trough . For the nine months ended July 31 , 2026 , homebuilding gross margin percentage , before cost of sales interest expense and land charges , was 14.2 % compared with 17.6 % in the first nine months of the previous fiscal year . Total SG & A was $ 86.9 million , or 12.3 % of total revenues , in the third quarter of fiscal 2026 , which was better than the guidance range we provided , compared with $ 90.8 million , or 11.3 % of total revenues , in the third quarter of fiscal 2025. Total SG & A was $ 254.9 million , or 12.7 % of total revenues , in the first nine months of fiscal 2026 compared with $ 258.3 million , or 12.0 % of total revenues , in the first nine months of the previous fiscal year . Total interest expense was $ 30.5 million , or 4.3 % of total revenues , for the third quarter of fiscal 2026 , compared with $ 34.0 million , or 4.2 % of total revenues , for the third quarter of fiscal 2025. For the nine months ended July 31 , 2026 , total interest expense was $ 87.7 million , or 4.4 % of total revenues , compared with $ 92.0 million , or 4.3 % of total revenues , in the first nine months of the previous fiscal year . Loss before income taxes for the third quarter of fiscal 2026 was $ 2.8 million compared with income of $ 23.8 million in the third quarter of the prior fiscal year . For the first nine months of fiscal 2026 , income before income taxes was $ 26.3 million compared with $ 90.2 million during the first nine months of the prior fiscal year . Loss before income taxes , excluding land - related charges , was $ 2.3 million in the third quarter of fiscal 2026 , compared with income before these items of $ 39.8 million in the third quarter of fiscal 2025. For the nine months ended July 31 , 2026 , income before income taxes excluding land - related charges and gain on extinguishment of debt , net was $ 37.9 million compared with income before these items of $ 109.9 million in the same period of fiscal 2025 . Net loss available to common stockholders was $ 4.5 million , or $ 0.70 per diluted common share , for the three months ended July 31 , 2026 , compared with net income available to common stockholders of $ 13.9 million , or $ 1.99 per diluted common share , in the same period of the previous fiscal year . For the first nine months of fiscal 2026 , net income available to common stockholders was $ 10.8 million , or $ 1.55 per diluted common share , compared with net income available to common stockholders of $ 56.5 million , or $ 7.94 per diluted common share , during the first nine months of fiscal 2025 .