New Home Builder - Hovnanian Enterprises, Inc.
New Home Builder - K. Hovnanian® Homes™
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  Kevork S. Hovnanian
  Chairman of the Board

Kevork S. Hovnanian, founder of one of the nation's leading homebuilders and winner of several prestigious awards, could stand as an icon for the American Dream.

When Mr. Hovnanian started his home-building company in 1959, he had one basic philosophy: Build the best possible homes at affordable prices and treat people fairly. After leaving the Middle East during a revolution and arriving in Philadelphia, Mr. Hovnanian saw his successful road building company nationalized. He settled in New Jersey and, with his three brothers, founded the company that eventually became Hovnanian Enterprises. His brothers eventually started their own businesses.

To maintain his competitive edge, Mr. Hovnanian introduced several innovations. He was one of the first builders to use computer controls. He also added a recreational package that promotes an active, low-maintenance lifestyle for people of all ages.   In 1983, Mr. Hovnanian and his staff took the company public.  Today, its stock is traded on the New York Stock Exchange (symbol: HOV).  As he has realized his American Dream, Mr. Hovnanian has helped more than 100,000 families realize their dream of home ownership. His accomplishments have led to an array of honors, among them:

1992
Harvard University's Center for Business and Government granted Mr. Hovnanian one of five nationwide Harvard Dively Awards for Leadership in Corporate Public Initiatives.  He was the only builder honored.

1996
The New Jersey Institute of Technology, for the first time in its 100-year history, awarded a President's medal "for distinguished achievement to an outstanding entrepreneur"  Kevork Hovnanian. 

1997
K. Hovnanian Companies was named the only national winner of the prestigious, merit-based National Housing Quality Award by the National Association of Homebuilders.

1999
Mr. Hovnanian joined Thomas Edison and George Gallup, among others, on the list of the "25 Top New Jersey Business Leaders of the Century."

The New Jersey Council of Christians and Jews named him Man of the Year and, in recognition of his assistance to earthquake victims in Armenia, the Diocese of the Armenian Church of America named him Man of the Year.

Today, the Company that reflects Mr. Hovnanian's vision is often cited in the national media, including Forbes, Business Week, The Wall Street Journal, CNN, CNBC and The New York Times as an innovator and leader in the housing industry. His son, Ara, now is the President and CEO of the Company, but as founder, Mr. Hovnanian maintains an active role as Chairman.

 

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