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Hovnanian Enterprises Overview

Hovnanian Enterprises, Inc. is a United States 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.
The staff at Hovnanian Enterprises come from unusually diverse demographic backgrounds. The company is 45.8% female and 39.6% ethnic minorities. Despite its diversity in other areas, Hovnanian Enterprises employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 79.1%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Hovnanian Enterprises has great employee retention with staff members usually staying with the company for 3.9 years.
A large construction company with 1,961 employees and an annual revenue of $2.0B, Hovnanian Enterprises is headquartered in New Jersey.

The Organization’s Mission

We are a company devoted to building communites of excellence.

Industry

Construction

Revenue

$2.0B

Employees

1,961

Founded in

1959

Headquarters

Matawan, NJ

Website

www.khov.com

Organization Type

Public

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The Team At Hovnanian Enterprises

Key People
  • J. Sorsby (CFO and Executive VP)
  • Lou Smith (COO)
  • David Bachstetter (VP and Finance and Treasurer)
  • Brad O'Connor (CAO and VP)
  • Kevork Hovnanian (founder)
  • Ara Hovnanian (ceo)
  • Corporate (Controller)

The Culture At Hovnanian Enterprises

Information provided by the company
That's why you should team with a home construction leader like K. Hovnanian-who cares about the fine points as much as you do!

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Hovnanian Enterprises Rankings

Hovnanian Enterprises is ranked #3 on the Best Construction Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Hovnanian Enterprises Careers

On average, employees at Hovnanian Enterprises stay with the company for 3.9 years. Employees most commonly join Hovnanian Enterprises after leaving MDC Holdings. When they leave Hovnanian Enterprises, they most frequently get their next job at D.R. Horton.

Average Length of Employment

Lennar
3.3 years
Toll Brothers
3.0 years

Top Employers Before Hovnanian Enterprises

Top Employers After Hovnanian Enterprises

Lennar
9.9 %

Hovnanian Enterprises Employee Demographics

9.4
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Hovnanian Enterprises Employees Education

Of the 1,961 employees at Hovnanian Enterprises, 8.9% attended New Jersey Institute of Technology. Employees at Hovnanian Enterprises most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Hovnanian Enterprises Employee Political Affiliation

Hovnanian Enterprises employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Hovnanian Enterprises employee was by ARA Hovnanian. ARA Hovnanian donated $135,550 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
ARA HovnanianChief Executive Officer
ARA Hovnanian
Chief Executive Officer
Chief Executive Officer
Democratic Party
Democratic Party
$135,550Democratic Party
$135,550
Kevork HovnanianExecutive
Kevork Hovnanian
Executive
Executive
Democratic Party
Democratic Party
$12,000Democratic Party
$12,000
Joseph RiggsGroup Vice President
Joseph Riggs
Group Vice President
Group Vice President
Democratic Party
Democratic Party
$11,400Democratic Party
$11,400
Bobby RayPresident
Bobby Ray
President
President
Republican Party
Republican Party
$8,200Republican Party
$8,200
Peter ReinhartGeneral Counsel
Peter Reinhart
General Counsel
General Counsel
Democratic Party
Democratic Party
$7,150Democratic Party
$7,150
Larry SorsbyExecutive Vice President
Larry Sorsby
Executive Vice President
Executive Vice President
Democratic Party
Democratic Party
$6,250Democratic Party
$6,250
LOU SmithChief Operating Officer
LOU Smith
Chief Operating Officer
Chief Operating Officer
Democratic Party
Democratic Party
$5,000Democratic Party
$5,000
Thomas PelleritoExecutive
Thomas Pellerito
Executive
Executive
Democratic Party
Democratic Party
$4,400Democratic Party
$4,400
Alexander HovnanianArea Vice President
Alexander Hovnanian
Area Vice President
Area Vice President
Democratic Party
Democratic Party
$3,000Democratic Party
$3,000
Michael KehoeDivision President
Michael Kehoe
Division President
Division President
Democratic Party
Democratic Party
$2,750Democratic Party
$2,750
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Hovnanian Enterprises Financial Performance

10.0
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1959

Organization type

Public

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Hovnanian Enterprises Competitors

Companydesc
Average Salarydesc

Meritage Homes

Salary Range47k - 84k$63k$63,030
Toll Brothers
Salary Range45k - 83k$62k$61,744

Beazer Homes USA

Salary Range41k - 83k$59k$59,366
Standard Pacific Escrow
Salary Range43k - 80k$59k$59,185
Lennar
Salary Range40k - 83k$58k$58,184
Century Communities
Salary Range41k - 80k$57k$57,459

D.R. Horton

Salary Range40k - 76k$56k$55,713
MDC Holdings
Salary Range40k - 74k$55k$55,135

Del Webb Communities

Salary Range37k - 76k$54k$54,045

KB Home

Salary Range39k - 74k$54k$53,921
$31k
$84k

Frequently Asked Questions about Hovnanian Enterprises

When was Hovnanian Enterprises founded?

Hovnanian Enterprises was founded in 1959.

How many Employees does Hovnanian Enterprises have?

Hovnanian Enterprises has 1,961 employees.

How much money does Hovnanian Enterprises make?

Hovnanian Enterprises generates $2.0B in revenue.

What industry is Hovnanian Enterprises in?

Hovnanian Enterprises is in the construction industry.

What is Hovnanian Enterprises's mission?

Hovnanian Enterprises's mission statement is "We are a company devoted to building communites of excellence."

What type of company is Hovnanian Enterprises?

Hovnanian Enterprises is a public company.

Who are Hovnanian Enterprises's competitors?

Hovnanian Enterprises competitors include Beazer Homes USA, Lennar, Toll Brothers, D.R. Horton, Meritage Homes, MDC Holdings, KB Home, Standard Pacific Escrow, United Subcontractors, RGI General Contractors, NEW WORLD TECH, Pacific Northwest Energy Co, Hermes Landscaping, Integrity Management, Scott Byron & Co, Century Communities, Perry Homes, Del Webb Communities, New England Service Co, Empire Services.

Who works at Hovnanian Enterprises?

J. Sorsby (CFO and Executive VP)

Lou Smith (COO)

David Bachstetter (VP and Finance and Treasurer)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Hovnanian Enterprises, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hovnanian Enterprises. The employee data is based on information from people who have self-reported their past or current employments at Hovnanian Enterprises. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Hovnanian Enterprises and its employees or that of Zippia.

Hovnanian Enterprises may also be known as or be related to Hovnanian Enterprises, Hovnanian Enterprises Inc, Hovnanian Enterprises, Inc., K HOVNANIAN ENTERPRISES INC, K Hovnanian Companies LLC, K. Hovnanian Enterprises, Inc. and K. Hovnanian Homes.