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K hov.short bio.jun 12
- 1. One of the leading U.S. homebuilders, committed to excellence since 1959 K. Hovnanian designs, constructs and markets a wide variety of for-sale housing in more than 200 residential communities in 16 states. Over the past 13 years, the company has grown to become one of the top ten builders in the U.S., measured by homes delivered and total revenues. Kevork S. Hovnanian had a clear vision for his company when he created the homebuilding operation more than 50 years ago. It is reflected in the perseverance of this publicly-traded ‘New York Stock Exchange’ company, which has delivered nearly 300,000 homes across the U.S. during our history, and 4,216 homes in fiscal year 2011. Today, K. Hovnanian remains strong by adhering to the principles established by its founder. He envisioned a homebuilding company whose homes would provide outstanding quality and great family environments for our customers for years to come. Now in its second generation of family leadership, the K. Hovnanian family of homebuilders operates with the backing of a solid national company, retains its proficiency and distinctiveness in dozens of markets across the U.S. The consistency of our leadership and commitment of our associates is further testament to our financial strength and stability; more reasons why K. Hovnanian maintains its reputation as: “The First Name in Lasting Value®“ The company has been a leader in providing a wide variety of housing choices for all ages and across the demographic spectrum. From single-family homes to townhomes to condominiums, high-rise housing and active adult lifestyle communities … K. Hovnanian has done it all! On the strength of its experience and ongoing relationships with local and state governments, K. Hovnanian has been a pioneer in establishing new neighborhoods where there was once blight and diminished value. Today, dozens of successful redevelopment projects have been completed, restoring once contaminated sites to meet modern cleanup standards, producing valuable real estate and, along with it, new housing. From the old emerges the new. K. Hovnanian believes a home should reflect the unique style of the buyer, and therefore diverse home designs are a trademark of our communities. We take great pride in working closely with the homebuyer during the sales and construction process, and providing expert assistance through our Home Design Galleries. These facilities offer state-of-the-art, interactive personalized showrooms that make the process of design and upgrade selections easier and more enjoyable than ever thought possible. K. Hovnanian provides a full range of services for homebuyers, from start to finish. We have learned that an educated homebuyer at the outset insures a fluid and satisfying experience overall. The company has earned a solid reputation for integrity, dependability, leadership and value, due in large part to our unwavering attention to quality construction and constant pursuit of customer satisfaction. It is our promise to build a trusting relationship with trade and business partners and, most importantly, to meet the expectations of our buyers. The following is a representative sample of projects constructed by affiliates of K. Hovnanian M.E. Investments, L.L.C. in each of the company’s three regions:
- 2. MIDATLANTIC/SOUTHEAST UNITED STATES Project # of Homes Date(s)* Total Revenue** Four Seasons at Historic Virginia 801 02-10 $334M Tivoli 147 02-07 $74M Chaddsford 597 2003 $185M Hirst Farms 240 03-10 $124M Culpepper 240 2003 $68M Rose Valley 120 03-08 $62M Eagle Point 966 2005 $457M Cameron Station 148 05-09 $58M Nassau Grove 243 2006 $95M The Gates 229 2006 $57M Four Seasons @ Charlottesville 121 2006 $46M Lee Square 132 2010 $31M Millennia Park 424 2011 $99M Four Seasons @ Silver Maple 299 2011 $95M Wesmere 256 2011 $53M NORTHEAST/MIDWEST UNITED STATES Project # of Homes Date(s)* Total Revenue** Four Seasons @ Mirage 726 01-08 $219M Four Seasons @ Metedeconk 778 2002 $311M Lakeside @ North Haledon 301 02-05 $129M Four Seasons @ South Knolls 830 2003 $285M Droyers Pointe 380 03-07 $165M Dunes @ Shoal Harbor 123 03-05 $65M Grandview @ Riverwalk 300 04-10 $235M Oakwood 387 04-08 $180M Four Seasons @ South Brunswick 192 04-07 $80M Four Seasons @ Great Notch 811 2005 $398M Four Seasons @ Manalapan 692 2005 $324M Meadow Creek 546 2005 $266M Bel Air @ West Orange 250 2006 $193M 77 Hudson Street 420 2007 $299M Four Seasons @ Ridgemont 108 2010 $66M Ranked highest in North Jersey in customer satisfaction among all homebuilders, per J.D. Power and Associates.
- 3. SOUTHWEST/WEST UNITED STATES Project # of Homes Date(s)* Total Revenue** Perris-Boulder Springs 250 03-09 $117M Palomino 97 03-07 $114M Natomas 813 2004 $200M Palm Springs 476 04-10 $180M Menifee 394 04-09 $134M Beaumont 1931 2005 $513M Avenue One 404 05-08 $191M Lake Rancho Viejo 284 06-11 $119M Bakersfield 496 2006 $103M Cielo 324 2006 $62M Charter Way 243 2007 $45M Dinuba 230 2007 $41M Firebaugh 186 2007 $34M Roseville 218 218 2011 $72M Dublin 88 88 2012 $71M *Projects with just a start date are still under construction. **Stated revenues are in USD and are projected for current communities. Hovnanian Enterprises At A Glance 6th Largest publicly-traded homebuilder in the U.S. based on deliveries (in excess of 297,000 homes closed). As of April 2012, offered homes for sale in 199 communities, including unconsolidated joint- ventures, in 37 different markets in 16 states, including 19 of the nation’s top 50 housing markets. Markets and builds homes for first-time buyers, move-up and move-down buyers, and buyers of luxury homes, urban opportunities as well as active adult communities. khov.com K. Hovnanian is a registered trademark of Hovnanian Enterprises, Inc.