HOVNANIAN ENTERPRISES INC

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes and provides financial services. The company builds single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. Founded in 1959, the company and its unconsolidated joint ventures have delivered over 382,000 homes, including 6,431 homes in fiscal 2025. Hovnanian Enterprises operates through two main segments: homebuilding and financial services. The homebuilding operations are further divided into three reportable segments: Northeast, Southeast, and West. The financial services operations offer mortgage loans and title services specifically to customers of its homebuilding operations. Excluding unconsolidated joint ventures, the company currently offers homes for sale in 140 communities across 27 markets in 13 states throughout the United States. They cater to various buyer types, including first-time buyers, move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters. Homes are offered in a variety of styles with base prices ranging from $182,000 to $1,191,000. The average sales price nationwide, including options, was $519,000 in fiscal 2025. The company's operations cover the entire home-buying process, from design, construction, and sale, to mortgage origination and title services.