Ara hovnanian biography of michael

Real estate company in the United States

Hovnanian Enterprises, Inc. is an American real estate company which is involved in every aspect of marketing homes, including design, construction and sales. The company works with individual detached housing as well as higher-occupancy dwellings, including townhouses, condominiums and retirement homes.

Company operations

Hovnanian Enterprises, Inc. has delivered in excess of 336,000 houses since incorporation including 5,831 homes in fiscal 2018, with base prices ranging from $144,000 to $2,252,000 and averaging about $393,000. It operates in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.^[2] Members of the Hovnanian family, including Ara K. Hovnanian, have voting control more than 50% of the votes as of January 29, 2018 equivalent to a stake worth $178 million in 2015.^[3]

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