Hovnanian Enterprises

Builder of new homes.

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Headquarters:
10 Highway 35
Red Bank, NJ 07701
Employees: 4,318
CEO: Ara Hovnanian
Stock Symbol: HOV

Website: http://www.khov.com

Career Site

Hovnanian is one of the largest homebuilders in the U.S. with 431 residential communities in 19 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, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. Homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel & Mumford, Forecast Homes, Parkside Homes, Brighton Homes, Parkwood Builders, Windward Homes, Cambridge Homes, Town & Country Homes, Oster Homes, First Home Builders of Florida and CraftBuilt 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.

The company reported total revenues of $4.8 billion and net loss of $627.1 million on 13,564 home deliveries in fiscal 2007.

Hovnanian saw contracts for homes drop 20% in 2007.

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

Benefits

- 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 February 6, 2008