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Hovnanian Enterprises, Inc.



Hovnanian Enterprises, Inc. designs, constructs, markets and sells single-family detached homes, attached town homes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes in planned residential developments in the United States. Hovnanian consists of two operating units: homebuilding and financial services. The financial services unit provides mortgage loans and title services to the customers of its homebuilding operations. As of October 2006, Hovnanian offered homes for sale in 427 communities in 48 markets in 19 states throughout United States. The company markets and builds homes for first-time buyers, first-time and second-time, move-up buyers, luxury buyers, active adult buyers and empty nesters. In April 2006, Hovnanian acquired CraftBuilt Homes.


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