Hovnanian Enterprises Inc. is the sixth-largest real estate development firm in the United States. Hovnanian offers single-family homes, condominiums and townhouses, in addition to midrise and high-rise dwellings. It is involved in every aspect of marketing them, including design, sales and title insurance. Founded by Kevork Hovnanian and his three brothers in 1959, the company constructs almost 15,000 houses a year. It has soared from its humble origins in a trailer to having achieved the No. 645 spot on the Fortune 1,000. Now based in Red Bank, N.J., Hovnanian Enterprises has approximately 1,750 employees. The public company reported revenues of $1.6 billion.
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