Corporate Profile
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Founded in 1959, Hovnanian Enterprises, Inc., designs, constructs and markets a variety of for-sale housing in 129 residential communities in 13 states. Hovnanian ranks among the largest homebuilding companies in the U.S., with total revenues of $2.76 billion on 5,473 home deliveries in fiscal 2023.
Hovnanian Enterprises™ through its subsidiaries, is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company's homes are marketed and sold under the trade name K. Hovnanian® Homes.
Hovnanian's strategy is to achieve powers of scale and market concentration by establishing a large presence in each of its markets. Hovnanian leverages its market position by providing mortgage and title services to homebuyers. Hovnanian has also been a leader in implementing streamlined processes and technology solutions for home sales and construction, leading to improved operational efficiencies.
Hovnanian is highly diversified by product type, selling a wide array of attached and detached home styles to buyers ranging from first-time purchasers to luxury buyers. Additionally, the Company's subsidiaries, as developer of K. Hovnanian's® Four Seasons communities, make the Company one of the nation's largest builders of active lifestyle communities and has developed a specialization in urban infill locations.
Founded in 1959, Hovnanian Enterprises, Inc., designs, constructs and markets a variety of for-sale housing in 129 residential communities in 13 states. Hovnanian ranks among the largest homebuilding companies in the U.S., with total revenues of $2.76 billion on 5,473 home deliveries in fiscal 2023.
Hovnanian Enterprises™ through its subsidiaries, is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company's homes are marketed and sold under the trade name K. Hovnanian® Homes.
Hovnanian's strategy is to achieve powers of scale and market concentration by establishing a large presence in each of its markets. Hovnanian leverages its market position by providing mortgage and title services to homebuyers. Hovnanian has also been a leader in implementing streamlined processes and technology solutions for home sales and construction, leading to improved operational efficiencies.
Hovnanian is highly diversified by product type, selling a wide array of attached and detached home styles to buyers ranging from first-time purchasers to luxury buyers. Additionally, the Company's subsidiaries, as developer of K. Hovnanian's® Four Seasons communities, make the Company one of the nation's largest builders of active lifestyle communities and has developed a specialization in urban infill locations.