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Balance Sheet Cash Flow Statement 110 W. Front St. Red Bank, NJ 07701 NJ Tel. 732-747-7800 Fax 732-747-6835 |
Type: Public
On the web:
http://www.khov.com
Employees:
1,750
Employee growth: (37.9%)
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 5,300 homes in fiscal 2009 (down from more than 20,000 in 2006), with base prices ranging from $36,000 to $1.8 million and averaging about $280,000. The company operates in some 180 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.
Key numbers for fiscal year ending October, 2009:
Sales: $1,596.3M
One year growth: (51.7%)
Net income: ($716.7)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
Pulte Homes
