Hovnanian Enterprises, Inc. is a residential homebuilding company that designs, constructs and sells new homes in the United States. Its offerings include single-family homes, townhomes and other attached housing, as well as communities designed for active-adult and age-targeted buyers. The company serves a range of customer segments, including first-time, move-up and luxury homebuyers.
Founded in 1959 by Kevork S. Hovnanian, the company has expanded from its New Jersey roots into selected markets across the Northeast, Mid-Atlantic and Southeast regions of the United States, along with other markets served through its operating divisions. Its homebuilding activities generally include land acquisition and development, community planning, construction, home marketing and sales.
Hovnanian also provides related services that support its home sales, including mortgage financing and title and settlement services in certain markets. Ara K. Hovnanian, a member of the founding family, serves as the company’s chairman and chief executive officer. Hovnanian Enterprises is headquartered in Matawan, New Jersey, and its common stock trades on the New York Stock Exchange under the symbol HOV.
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