SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Expires: December 31, 2014 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* DECESARIS GEATON A JR (Last) (First) (Middle) (Street) (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol HOVNANIAN ENTERPRISES INC [ HOV ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Pres of Homebld & CCO
	3. Date of Earliest Transaction (Month/Day/Year) 06/11/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/11/2003		S		5,000	D	64.5	92,870	I	Held by the Geaton and Josephine DeCesaris Family Trust
Class A Common Stock	06/11/2003		S		5,000	D	64.6	87,870	I	Held by the Geaton and Josephine DeCesaris Family Trust
Class A Common Stock	06/11/2003		S		9,900	D	64.65	77,970	I	Held by the Geaton and Josephine DeCesaris Family Trust
Class A Common Stock	06/11/2003		S		100	D	64.71	77,870	I	Held by the Geaton and Josephine DeCesaris Family Trust
Class A Common Stock	06/11/2003		S		4,000	D	65.25	73,870	I	Held by the Geaton and Josephine DeCesaris Family Trust
Class A Common Stock	06/11/2003		S		1,000	D	65.26	72,870	I	Held by the Geaton and Josephine DeCesaris Family Trust
Class A Common Stock	06/11/2003		S		1,000	D	64.85	118,700	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2)
Class A Common Stock	06/11/2003		S		3,600	D	64.84	115,100	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2)
Class A Common Stock	06/11/2003		S		20,400	D	64.8	94,700	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2)
Class A Common Stock	06/11/2003		S		19,700	D	64.75	75,000	I	Held by the Geaton A. DeCesaris, Jr. Charitable Remainder Unitrust(2)
Class A Common Stock	06/11/2003		S		3,205	D	65.18	7,081(1)	I	Held as Custodian under UTMA for the Reporting Person's minor children.(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In addition, the Reporting Person holds (i) directly 450,596 shares of Class A Common Stock and (ii) indirectly 10,729 shares of Class A Common Stock, which are held by Five Queens, Inc., a subchapter S corporation owned by the Reporting Person's children and of which he is the President. The Reporting Person disclaims beneficial ownership of the shares held indirectly.

2. The Reporting Person is trustee and beneficiary of the Geaton A. DeCesaris Remainder Unitrust. The Reporting Person continues to report beneficial ownership of all of the Class A Common Stock held by the Unitrust but disclaims beneficial ownership except of his pecuniary interest therein.

3. The Reporting Person disclaims beneficial ownership of these shares.

	Nancy A. Marrazzo	06/13/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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