Hovnanian Enterprises Inc.

Public Company, Headquarters Location
PO Box 500, Red Bank, NJ 07701-0500, United States
(732)383-2200, http://www.khov.com

Primary SIC: Operative Builders, Primary NAICS: New Housing Operative Builders
Description: Hovnanian Enterprises Inc. was founded in 1959 by Kevork Hovnanian. In 1967, the company was incorporated in New Jersey, and in 1983, it was reincorporated in Delaware, which is also when it completed its initial public offering. The company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes in planned residential developments. Its business consists of two operations: homebuilding and financial services. The homebuilding operations consist of six segments: Northeast, including New Jersey, New York and Pennsylvania; Mid-Atlantic, including Delaware, Maryland, Virginia, West Virginia and Washington, D.C.; Midwest, including Illinois, Kentucky, Minnesota and Ohio; Southeast, including Florida, Georgia, North Carolina and South Carolina; Southwest, including Arizona and Texas; and West, which is California. The company's financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. As of February 2008, the company was one of the United States' largest builders of residential homes. More

Construction: Multi-family condominium apartments, townhouses and single-family houses.