Hovnanian Enterprises Inc., the worst-performing U.S. homebuilder this year, reported a wider loss for its fiscal first quarter as inclement weather extended construction times and sales demand slowed.

The net loss for the three months ended Jan. 31 was $24.5 million, or 17 cents a share, compared with $11.3 million, or 8 cents, a year earlier, the Red Bank, N.J.-based company said Tuesday in a statement. The average estimate of nine analysts was for a loss of 4 cents a share, according to data compiled by Bloomberg.

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