Falcon Construction Co.

Hovnanian Enterprises, a single-family housing construction company, employs more than 6,000 people. The New Jersey-based organization is traded on the New York Stock Exchange under the ticker symbol HOV. K. Hovnanian Companies is one of the many Hovnanian Enterprises' subsidiaries. Established in 1959, the K. Hovnanian Companies consists of nationally recognized designers and builders of homes. The company started as a family-owned business and, through well-defined acquisition efforts, has expanded during the years to become a family of homebuilders with localized experience and knowledge in numerous markets throughout the United States. Ara K. Hovnanian has been the chief executive officer of Hovnanian Enterprises for more than 9 years. He has been with the company for more than 27 years. Hovnanian holds an MBA from the Wharton School, at the University of Pennsylvania. Hovnanian Enterprises is headquartered in Red Bank, N.J.