Hovnanian Enterprises, Inc. Preferred Stock 7.625% Perpetual (HOVNP)

Overview

Hovnanian Enterprises, Inc. operates as an influential player in the United States residential construction industry. With a focus on designing, constructing, marketing, and selling a diverse range of residential homes, this company caters to various consumer demographics. Established in 1959 and headquartered in Matawan, New Jersey, Hovnanian Enterprises has carved a niche for itself by delivering high-quality living solutions through its vast portfolio of single-family homes, townhomes, condominiums, and active lifestyle communities. Beyond construction, the company extends its services to include financial assistance and insurance products, ensuring a comprehensive support system for homebuyers.

Products and Services

• Residential Homes

  Hovnanian Enterprises specializes in offering a wide array of residential properties, including single-family detached homes, attached townhomes, and condominiums. These are designed to meet the lifestyle and budgetary needs of diverse customer segments, from first-time buyers to luxury home seekers.

• Urban Infill Homes

  Addressing the needs of customers looking for homes in densely populated urban areas, the company provides urban infill homes. These properties are ideal for those who prefer living closer to city centers, attracting buyers seeking convenience and proximity to urban amenities.

• Active Lifestyle Homes

  For those interested in communities with recreational amenities, Hovnanian Enterprises offers active lifestyle homes. These homes are part of communities equipped with clubhouses, swimming pools, tennis courts, and more, catering to buyers interested in a vibrant, community-oriented living environment.

• Mortgage Loans

  To facilitate the home buying process, Hovnanian Enterprises offers mortgage loans. This service simplifies the path to homeownership by providing financial solutions tailored to meet the needs of its customers, all under the same corporate umbrella.

• Title Insurance and Homeowner's Insurance Services

  Understanding the importance of security in real estate transactions, the company also provides title insurance and homeowner's insurance services. These offerings ensure that buyers are protected from potential legal and financial liabilities associated with their new homes.