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 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) 10 HIGHWAY 35 (Street) RED BANK NJ 07701 (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 Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/28/2005
	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	04/28/2005		M		139,000	A	$2.1582	483,050	D
Class A Common Stock	04/28/2005		S		9,000	D	$50.21	474,050	D
Class A Common Stock	04/28/2005		S		4,000	D	$50.2	470,050	D
Class A Common Stock	04/29/2005		S		3,100	D	$50.05	466,950	D
Class A Common Stock	04/29/2005		S		200	D	$50.06	466,750	D
Class A Common Stock	04/29/2005		S		400	D	$50.08	466,350	D
Class A Common Stock	04/29/2005		S		100	D	$50.1	466,250	D
Class A Common Stock	04/29/2005		S		200	D	$50.13	466,050	D
Class A Common Stock	04/29/2005		S		500	D	$50.15	465,550	D
Class A Common Stock	04/29/2005		S		2,800	D	$50.19	462,750	D
Class A Common Stock	04/29/2005		S		35,500	D	$50.2	427,250	D
Class A Common Stock	04/29/2005		S		500	D	$50.21	426,750	D
Class A Common Stock	04/29/2005		S		1,200	D	$50.22	425,550	D
Class A Common Stock	04/29/2005		S		1,200	D	$50.23	424,350	D
Class A Common Stock	04/29/2005		S		1,700	D	$50.24	422,650	D
Class A Common Stock	04/29/2005		S		8,600	D	$50.25	414,050	D
Class A Common Stock	04/29/2005		S		1,200	D	$50.26	412,850	D
Class A Common Stock	04/29/2005		S		1,200	D	$50.27	411,650	D
Class A Common Stock	04/29/2005		S		1,300	D	$50.28	410,350	D
Class A Common Stock	04/29/2005		S		200	D	$50.29	410,150	D
Class A Common Stock	04/29/2005		S		6,200	D	$50.3	403,950	D
Class A Common Stock	04/29/2005		S		300	D	$50.31	403,650	D
Class A Common Stock	04/29/2005		S		500	D	$50.32	403,150	D
Class A Common Stock	04/29/2005		S		2,900	D	$50.33	400,250	D
Class A Common Stock	04/29/2005		S		100	D	$50.34	400,150	D
Class A Common Stock	04/29/2005		S		5,700	D	$50.35	394,450	D
Class A Common Stock	04/29/2005		S		100	D	$50.36	394,350	D
Class A Common Stock	04/29/2005		S		20,000	D	$50.39	374,350	D
Class A Common Stock	04/29/2005		S		100	D	$50.42	374,250	D
Class A Common Stock	04/29/2005		S		30,200(1)	D	$50.792	344,050(2)	D

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
Employee Stock Option (Right to buy)	$2.1582	04/28/2005		M			139,000(3)	(4)	07/01/2005	Class A Common Stock	139,000	(5)	0(3)	D

Explanation of Responses:

1. 30,200 consists of the following trades: 200 @ $50.43; 1,000 @ $50.5; 1,000 @ $50.52; 500 @ $50.55; 200 @ $50.58; 1,500 @ $50.59; 800 @ $50.6; 800 @ $50.61; 300 @ $50.62; 200 @ $50.63; 500 @ $50.65; 200 @ $50.66; 400 @ $50.68; 1,100 @ $50.7; 1,000 @ $50.72; 400 @ $50.73; 1,400 @ $50.74; 3,400 @ $50.75; 1,100 @ $50.76; 900 @ $50.77; 1,000 @ $50.78; 1,000 @ $50.8; 800 @ $50.81; 1,800 @ $50.83; 100 @ $50.85; 100 @ $50.86; 200 @ $50.87; 400 @ $50.88; 200 @ $50.9; 700 @ $50.92; 100 @ $50.98; 3,900 @ $51; 500 @ $51.02; 200 @ $51.03; 300 @ $51.05; 300 @ $51.07; 100 @ $51.09; 600 @ $51.14; 300 @ $51.17; 200 @ $51.2; 100 @ $51.21; 100 @ $51.29; 300 @ $51.35.

2. In addition, the Reporting Person is trustee and beneficary of the Geaton A. DeCesaris Charitable Remainder Unitrust for which he holds indirectly 20,000 shares of Class A Common Stock; 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 to the extent of his pecuniary interest therein. The Reporting Person also holds indirectly 200,000 shares of Class A Common Stock which are held by the DeCesaris Family LLC #1 for which he disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest therein. In addition, the Reporting Person holds indirectly 105,740 shares of Class A Common Stock which are held by the Geaton and Jospehine DeCesaris Family Trust and 21,458 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.

3. This option was previously reported as covering 69,500 shares at an exercise prices of $4.3165 per share, but was adjusted to reflect the 2-for-1 stock split on March 19, 2004.

4. Immediate

5. N/A

Remarks:

	Nancy A. Marrazzo	05/02/2005
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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