Hovnanian Enterprises, Inc., founded in 1959 and headquartered in Red Bank, New Jersey, is a nationally recognized homebuilding company specializing in the design, construction and sale of single-family homes, townhomes and condominiums. Over more than six decades, the company has expanded its operations across key residential markets in the United States, focusing on delivering quality communities to first‐time, first‐move‐up and active adult buyers. Through its family of brands, Hovnanian combines innovative architectural design with customer‐centric features to address evolving homebuyer preferences and regional market demands.
The company’s geographic footprint spans the Mid‐Atlantic, Northeast, Southeast and Texas regions, with active developments in states such as New Jersey, Pennsylvania, New York, Florida, Georgia, North and South Carolina, and Texas. Hovnanian’s portfolio encompasses master‐planned communities, suburban developments and urban infill projects, catering to a broad spectrum of buyers. This diversified presence has enabled the company to adapt to local market conditions and capitalize on regional housing trends.
In addition to its core homebuilding operations, Hovnanian offers a range of ancillary services to streamline the homebuying process. Through in‐house mortgage, title and insurance subsidiaries, the company provides financing solutions, title insurance and closing services, helping to create a cohesive end‐to‐end experience for its customers. This integrated approach supports Hovnanian’s commitment to quality, consistency and customer satisfaction from lot acquisition through project completion.
Now led by members of the Hovnanian family, including President and Chief Executive Officer Ara K. Hovnanian, the company continues to uphold the legacy of its founders while driving growth and innovation in the residential construction sector. Its preferred deposit shares, trading under the ticker HOVNP on the Nasdaq Stock Market, reflect the company’s strategic financing initiatives aimed at supporting long‐term development projects and operational expansion.
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