Profile: Hovnanian Enterprises Inc (HOV.N)
Hovnanian Enterprises, Inc., incorporated on June 27, 1983, is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. The Company has two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast: New Jersey and Pennsylvania; Mid-Atlantic: Delaware, Maryland, Virginia, Washington, District of Columbia, and West Virginia; Midwest: Illinois and Ohio; Southeast: Florida, Georgia and South Carolina; Southwest: Arizona and Texas, and West: California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. As of October 31, 2016, the Company offered homes for sale in 167 communities in 33 markets in 14 states throughout the United States.
The Company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers and empty nesters. The Company's residential development activities include site planning and engineering, obtaining environmental and other regulatory approvals and constructing roads, sewer, water, and drainage facilities, recreational facilities, and other amenities and marketing and selling homes. Its residential communities are located in urban and suburban areas. The Company designs and supervises the development and building of its communities. The Company sells its homes to customers financing their purchases through mortgages.
Hovnanian Enterprises Inc
110 W Front St
PO Box 500
RED BANK NJ 07701-0500