K. Hovnanian® Homes

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Founded in 1959, Hovnanian Enterprises, Inc., designs, constructs and markets a variety of for-sale housing in residential communities in 16 states. Hovnanian’s strategy is to achieve powers of scale and market concentration by establishing a large presence in each of its markets. Hovnanian leverages its market position by providing mortgage and title services to homebuyers. Hovnanian has also been a leader in implementing streamlined processes and technology solutions for home sales and construction, leading to improved operational efficiencies. Hovnanian is highly diversified by product type, selling a wide array of attached and detached home styles to buyers ranging from first-time purchasers to luxury buyers. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes and has developed a specialization in urban infill locations.

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3.9

Overall Excellence Rating

Industry

Commercial Real Estate

Category

Real Estate

ESG/Ethical Impact

Hovnanian has a long history of corporate responsibility, which is deeply rooted in our heritage. We are a company that is built on dedication and purpose. At our communities and offices, this means attracting the best talent and creating the best experience for our homebuyers. Throughout the 14 states where we operate, we strive to be good neighbors and are committed to practices that have a positive impact. We believe that value creation and a commitment to ESG practices are complementary goals. Having succeeded as a company for more than 60 years, we understand that a clear vision of what you stand for is crucial for lasting success. We are committed to adhering to sound environmental principles and practices. As we go about our business of designing and building new home communities, our focus is to design and construct our communities in a way that optimizes building materials and reduces construction waste. As part of these efforts, the Company partners with the Department of Energy’s Building America Program to research sustainable construction practices to improve the durability and energy efficiency of new homes. In 2022, the Company was very proud to receive two United States Department of Energy (DOE) Housing Innovation Awards for both attached homes and for production homes (single family detached). Since 2003, the DOE Housing Innovation Awards have honored the very best in innovation on the path to zero energy ready homes by recognizing energy conscience and forward-thinking builders delivering American homebuyers more efficient homes. The Company is continually seeking to offer features that will enhance the energy efficiency of our homes. We delivered 866 homes, 14% of our deliveries, in fiscal 2022 with solar panels. Additional examples of our efforts to utilize energy efficient products include the use of Energy Star rated appliances, LED lighting and low E windows. Additional, environmental offerings include electric vehicle charging stations, low VOC paint and tankless water heaters. Throughout the design and construction processes of homes in our communities, we further utilize advanced building practices and materials. For example, in fiscal 2022, the Company installed more than 39,600 WaterSense fixtures in our homes.

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Awards Received

2023

Revenues

$2,900,000,000.00

Website Traffic

Employee Rating

3.6

Customer Rating

3.4

Company Size

1000-5000

ESG Risk Rating

3

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