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Others buy completed homes.
The completed homes that are available are surprisingly old.
For new-home builders, one result has been growing inventories of completed homes without buyers.
Hovnanian sold 3,179 completed homes in the quarter, down 31.2percentt from a year earlier.
If the completed homes are not selling, builders are unlikely to break ground on many new homes.
Revenue dropped 21percentto to $891.9 million, from $1.13 billion, partly on fewer sales of completed homes.
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From September 2008 to October 2012, there were an estimated 3.9 million completed home foreclosures.
Hovnanian's completed home sales for the three months that ended in January fell 10 percent from the same period last year.
Of his completed home and overhauled life, Dr. Moeller says his existence is now as serene as his surroundings.
Participants in both conditions completed home-based assessments before and after the 4-month period.
But, completed home sales in January were down 44% on the previous month - double the usual seasonal downturn.
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