K. Hovnanian, remaining committed to a pace-over-price philosophy, relied on heightened incentives to clear inventory, pushing homebuilding gross profit margins to 13.4%, 490 basis points lower than a year earlier. The comparison is difficult, mainly because we've offered even greater incentives this year to maintain sales pace, which has driven much of the year-over-year decline in profit.
Choppy markets are like that indecisive friend who can't pick a restaurant. They move up and down within a tight range, creating loads of noise but precious little direction.
Irish whiskey has faced significant challenges despite its historical resilience, with recent months proving particularly tough for many distilleries in the country.
The two-out-of-five-years rule allows many sellers to exclude up to $250,000 in capital gains (if single) or up to $500,000 (if married and filing jointly).