Guide Note

Hovnanian Enterprise, Inc. is a single-family home-builder. Incorporated in 1967, the company designs, constructs, and sells houses and condominiums. The company usually prospects, purchases, and develops its own land, but it has also been known to conduct private building contracts. The company also finances home buyers through its K. Hovnanian American Mortgage division.

Fast Facts

1. Stock symbol: HOV
2. Annual revenue (2007):
3. Founder(s): Kevork S. Hovnanian
4. Year Established: 1967
5. Industry: Construction and Mortgage
6. Phone: (732) 747-7800
7. Fax: (732) 747-6835
8. HQ: Red Bank, New Jersey
9. Chairman: Kevork S. Hovnanian
10. CEO: Ara K. Hovnanian
11. Staff: 4,318
12. Other key people: Robyn T. Mingle
13. Builds nearly 1,500 homes every year
14. Price range: $36,000 - $3 million
15. Price average: $338,000

1. 1967: Hovnanian Enterprise, Inc. incorporated
2. 2001: Hovnanian Enterprise, Inc. went public

Hovnanian Enterprise, Inc. was incorporated in 1967 by Kevork Hovnanian, and is currently in its second generation as a family owned and operated business. As of 2007, the company offered homes in 19 different states including: Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.