Company Operations
Hovnanian Enterprises, Inc. builds about 14,600 houses a year, with base prices ranging from $46,000 to $2,350,000 and averaging about $280,000. It operates in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington DC, and West Virginia. The Hovnanian family controls about 30% of the company shares, a stake worth $1 billion in 2005.
The company relocated its corporate headquarters to a new building on the banks of the Navesink River in Red Bank, New Jersey, in 2006.
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