Hovnanian Enterprises, Inc. is a residential homebuilder that operates under the K. Hovnanian Homes brand. The company designs, constructs and markets new homes, including single-family detached houses, townhomes, condominiums and active-adult communities. Its homes are offered in a range of sizes, styles and price points to serve first-time buyers, move-up buyers and customers seeking age-restricted housing.
The company also provides related services that support its homebuilding operations, including mortgage financing and title and settlement services, where available. Hovnanian sells homes through company-operated communities and markets properties through sales offices, model homes and digital channels.
Founded in 1959 by Kevork S. Hovnanian, the company has expanded from its New Jersey roots into multiple U.S. housing markets. Its operations have included communities in states such as Arizona, California, Delaware, Florida, Illinois, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. Ara K. Hovnanian, a member of the founding family, serves as chairman, president and chief executive officer. Hovnanian Enterprises is listed on the New York Stock Exchange under the symbol HOV.
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