Hovnanian Enterprises, Inc. was founded in 1959 by Kevork S. Hovnanian and is headquartered in Red Bank, New Jersey. Over more than six decades of operations, the company has grown from a regional homebuilder into a nationally recognized residential real estate development and construction firm. Hovnanian completed its initial public offering in 1972, marking the beginning of its evolution into a diversified real estate enterprise.
The company’s core business involves the design, construction and sale of new homes across a broad spectrum of products, including single-family detached houses, townhomes and condominiums. Hovnanian offers homebuyers a range of floor plans, design options and upgrade packages, supported by in-house design centers. Its communities are strategically located in high-growth markets, with active projects in regions such as the Mid-Atlantic, Southeast, Sun Belt, Southwest and select West Coast metropolitan areas.
Beyond homebuilding, Hovnanian has expanded into related services to support the buyer experience and enhance revenue diversification. The company’s subsidiaries provide mortgage financing, title and settlement services, homeowners insurance and property management. In addition, Hovnanian maintains a land acquisition and development division that sources and entitles residential sites, allowing the firm to control project pipelines and mitigate exposure to market fluctuations.
Leadership at Hovnanian Enterprises is headed by Executive Chairman and Chief Executive Officer Ara K. Hovnanian, who represents the second generation of family stewardship following the company’s founder. Under his direction, the firm has pursued disciplined growth strategies, focusing on delivering quality craftsmanship and maintaining strong relationships with suppliers, trade partners and homebuyers. This leadership continuity, combined with a diversified geographic presence, positions Hovnanian to adapt to regional housing demands and demographic trends across the United States.
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