Financial Accounting Company Research Paper
The company I decided to research was the homebuilding company Hovnanian Enterprises. I chose to analyze this company and their financial information because I recently own shares within the company. This past summer my grandmother decided to buy stock for me as a college gift. She felt investing and starting early is important since she has been for 60 years. Up until this paper, I had no knowledge about the only company I own stock in. I decided this was the perfect opportunity to learn more about them so I can make better investing decisions in the future.
Hovnanian Enterprises was founded in 1959. They design, construct and market a variety of for-sale housing in 178 residential communities in 18 states. The company works with an array of housing groups. They cater to individual detached housing and higher-occupancy dwellings, such as townhouses, condominiums, and retirement homes. Hovnanian is one of the nation’s largest homebuilding companies in the U.S., with total revenues of $1.6 billion on 5,362 home deliveries in fiscal 2009.
As one of these nation’s largest homebuilders, they have operations all throughout the US. The states includes California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The company acquires and develops the land where the developments are built; although in some regions offer to build their house designs on private land. Their homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes and Oster Homes.
The company is greatly diversified by product type, selling a wide range 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
Hovnanian Enterprises was founded in 1959. They design, construct and market a variety of for-sale housing in 178 residential communities in 18 states. The company works with an array of housing groups. They cater to individual detached housing and higher-occupancy dwellings, such as townhouses, condominiums, and retirement homes. Hovnanian is one of the nation’s largest homebuilding companies in the U.S., with total revenues of $1.6 billion on 5,362 home deliveries in fiscal 2009.
As one of these nation’s largest homebuilders, they have operations all throughout the US. The states includes California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The company acquires and develops the land where the developments are built; although in some regions offer to build their house designs on private land. Their homes are marketed and sold under the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes and Oster Homes.
The company is greatly diversified by product type, selling a wide range 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