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Home > Company Index > Real Estate > Residential Construction > Hovnanian Enterprises, Inc.

Hovnanian Enterprises, Inc.
NYSE: HOV
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 PROFILE
As baby boomers age, Hovnanian Enterprises hovers. The company, which operates primarily in the northeastern US, builds condominiums, townhouses, and single-family detached homes aimed at first-time and move-up buyers, as well as luxury buyers, empty-nesters, and active adults. Prices range from $37,000 to $1,400,000 (average selling price: $257,000). Hovnanian is looking to operations outside the Northeast for growth: The company has moved into California, Florida, North Carolina, Texas, and the Washington, DC, area; it also builds town homes in Poland. Members of the Hovnanian family control nearly 85%.

 COMPETITION
Centex Corporation (CTX)
KB Home (KBH)
Pulte Homes, Inc. (PHM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: October
2000 Sales (mil.): 1,137.80
1-Yr. Sales Growth: 20.0%
Employees: 1,500
Revenue per employee: $758,533.33

 KEY PEOPLE
• Ara K. Hovnanian
    CEO
• J. Larry Sorsby
    CFO

 CONTACT INFO
10 Hwy. 35
Red Bank, NJ 07701
US
Phone: 732-747-7800
Fax: 732-747-7159
Online: Web Site

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