Analysts' Recommendation: Hold 30 Days Ago: Sell Analysts' Targets Credit Suisse $6 Hold Tuesday, June 24, 2008 UBS Securities $7 Add Tuesday, June 17, 2008 Lehman Brothers $8 Equal-weight Wednesday, February 27, 2008 Deutsche Bank Securities $9 Accumulate Thursday, December 20, 2007 JMP Securities LLC $6 Mkt Outperform Thursday, December 20, 2007 Hovnanian Enterprises, Inc. engages in homebuilding and financial services businesses in the United States. It designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill, and active adult homes. The company markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters. Hovnanian Enterprises offers homes for sale in 431 communities in 47 markets in 19 states in the United States. It also provides various financial services, including originating mortgages from homebuyers, and title insurance activities. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.