HOV

Hovnanian Enterprises, Inc. operates as a homebuilding company that designs, constructs, markets, and sells single-family detached homes, attached townhomes, condominiums, and mid-rise and high-rise condominiums across the United States. Founded in 1959 and headquartered in Matawan, New Jersey, the company conducts its homebuilding operations through wholly-owned subsidiaries in two distinct geographic segments: the East region, which includes Delaware, Georgia, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, and West Virginia; and the West region, comprising Arizona, California, and Texas. Hovnanian markets its homes under the K. Hovnanian brand name and operates across multiple buyer segments, including first-time buyers, first- and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters. As of October 31, 2023, the company had approximately 2,100 employees. The company also provides mortgage banking and title services through its financial services operations. In recent years, Hovnanian has focused on improving its balance sheet, reducing debt, and increasing returns on invested capital while strategically expanding its land position in high-growth markets. The company ranks among the nation's largest homebuilders by volume and maintains a presence in several of the country's strongest housing markets.