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Hovnanian Enterprises

Builder of new homes.

10 Highway 35
Red Bank, NJ 07701
Employees: 1,750
CEO: Ara Hovnanian
Stock Symbol: HOV

Website: http://www.khov.com

Career Site

Hovnanian is the sixth largest homebuilder in the U.S. with 189 active residential communities in 16 states.

Hovnanian sells a wide array of attached and detached home styles to buyers ranging from first-time purchasers to luxury buyers. The company is also a significant developer of active adult communities, and has developed a specialization in urban infill locations.

The company's operations are in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company's homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes and Oster Homes.

As the developer of K. Hovnanian's Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes and has developed a specialization in urban infill locations.

Hovnanian reported total revenues of $1.48 billion on 4,676 home deliveries in fiscal 2012. Revenue was up from $1.13 billion in 2011. The company reported a loss of $66.1 million compared to a loss of $286 million in 2011.

The company was founded by Keverk Hovnanian in 1959 as a builder of 39 single-family homes in Toms River, NJ.


- Medical and Prescription Plans - High & Low Option PPO
- Dental Plan - DMO & PPO
- Vision Plan
- Employee Assistance Program (EAP)
- Flexible Spending Accounts

- Life Insurance (Company paid Life & AD&D)  
- Company paid Business Travel & Accident Insurance
- Voluntary Life Insurance
- Dependent Life Insurance
- Company paid Short Term Disability Insurance
- Company paid Long Term Disability Insurance
- Worker's Compensation Insurance
- Marie Fund (Internal United Way)

- 401(k) Plan with Matching Contribution
- Annual 401(k) Profit Sharing Plan
- 529 Collegebound Savings Plan
- Tuition Reimbursement
- US Government Series I-Bonds

- K. Hovnanian Home Purchase Discount
- Whirlpool & Subcontractor Discounts
- K. Hovnanian's Perks Card  (Eligibility for National and Local Discounts)
- Discounted Home, Auto, Boater's & Renter's Insurance
- Entertainment Discounts
- Vacation Time (featuring a carry over provision)
- Sick Time
- Dependent Sick Time
- Leaves of Absence
- Paid Company Holidays

Updated December 19, 2012