by Calculated Risk on 11/06/2007 03:36:00 PM

From Reuters: Hovnanian says net contracts and sales fall (hat tip Barley)

Orders and sales for new homes fell and cancellations rose at upscale U.S. home builder Hovnanian Enterprises Inc during the company's fiscal fourth quarter.

The ... October sales pace in most of its markets "significantly deteriorated" when compared with recent months ... Hovnanian ... was the first major builder to include October results in its preliminary accounts.

Another month, another down turn for housing.