- CEO
- Ara K. Hovnanian
- Full Time Employees
- 1,878
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- Address
- 90 Matawan Road Matawan NJ United States of America 07747
- IPO Date
- Sep 21, 2010
- Business
- Hovnanian Enterprises, Inc. (HOVVB) designs, constructs, markets, and sells residential homes across the United States; offers single-family detached homes, attached townhomes, condominiums, urban infill properties, and active lifestyle communities featuring amenities such as clubhouses, swimming pools, tennis courts, tot lots, and open areas; targets first-time buyers, move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters; provides mortgage brokerage and title services through subsidiaries; and develops K. Hovnanian Four Seasons active adult communities. Founded in 1959 by Kevork S. Hovnanian and headquartered in Matawan, New Jersey, the company operates in multiple states including New Jersey, Florida, Delaware, and South Carolina. In 2024, Hovnanian expanded its joint venture with GTIS Partners by adding eight communities with 1,392 homes and approximately $115 million in capital investment, bringing total partnership equity to $1 billion across 15 ventures representing 12,600 units; in 2025, its Middle East subsidiary signed a memorandum of understanding with Saudi Arabia's NHC during President Trump's visit to Riyadh.