Type: Public
On the web: http://www.khov.com
Employees: 1,500
Employee growth: (7.9%)

You don't have to live in hovel if you buy a Hovnanian. 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. The company builds homes under the K. Hovnanian, Brighton, CraftBuilt, Matzel and Mumford, Oster, Parkwood Builders, and Town and Country names, among others. Its average home price is about $280,000. The company operates in about 200 communities in about 20 states. Its K. Hovnanian American Mortgage unit offers mortgage financing and title services. Members of the Hovnanian family control about 90% of Hovnanian Enterprises.

Key numbers for fiscal year ending October, 2011:
Sales: $1,134.9M
One year growth: (17.3%)
Net income: ($286.1)M

Officers:
Chairman, President, and CEO: Ara K. Hovnanian
COO: Thomas J. Pellerito
EVP, CFO, and Director: J. Larry Sorsby

Competitors:
D.R. Horton
Lennar
PulteGroup

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