Hovnanian Enterprises Company Description
Gimme shelter. Hovnanian Enterprises designs, builds, and markets single-family detached homes, condominiums, and townhomes for first-time, move-up, and luxury buyers as well as for empty-nesters and active adults. Hovnanian delivered about 11,000 homes in fiscal 2008 (down from more than 20,000 in 2006), with base prices ranging from $36,000 to $2.5 million and averaging about $300,000. The company operates in some 300 communities in about 20 states, primarily operating along the East Coast and in the Midwest, California, and Texas. Its K. Hovnanian American Mortgage unit offers mortgage financing and title services. Members of the Hovnanian family control more than 90% of Hovnanian Enterprises.
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The Company Description provides a historical perspective of Hovnanian Enterprises's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Hovnanian Enterprises's evolution in the marketplace.
