Hovnanian Enterprises Inc. PFD DEP1/1000A

Hovnanian Enterprises, Inc. designs, builds, markets, and sells residential homes in the United States. Its offerings include single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes. The company targets first-time buyers, first-time and second-time move-up buyers, luxury buyers, active lifestyle buyers, and empty nesters across 130 communities in 24 markets. It also provides financial services, including originating mortgages from homebuyers and selling them in the secondary market, along with title insurance services. Founded in 1959, the company is headquartered in Red Bank, New Jersey.