Hovnanian Reports Wider Second-Quarter Loss as Sales, Home Orders Decline

``Hovnanian Enterprises Inc. (HOV), the largest homebuilder in New Jersey, said its second-quarter loss more than doubled as a lack of demand for new houses caused revenue to tumble 20 percent... The net loss for the three months ended April 30 widened to $72.7 million, or 69 cents a share, from $28.6 million, or 36 cents, a year earlier.''