Hovnanian, Builder Of Nation’s Homes, Dies At 86

AHN

September 25, 2009 3:14 p.m. EST

Melvin Baker – AHN Reporter

Red Bank, NJ (AHN) – Kevork S. Hovnanian, founder of the nation’s
largest homebuilders, has died at age 86.

His death on Thursday was reported on the website of Hovnanian
Enterprises. He and his three brothers came up with $1,000 each to
start the company in Toms River, N.J., in 1959.

Hovnanian was president of the company until 1988 and chief executive
officer until 1997, when his son Ara succeeded him as president and
CEO. He had remained as chairman of the board until his death.

Homes built by the company are marketed under a variety of names,
including Matzel & Mumford, Town & Country Homes, First Home Builders
of Florida and CraftBuilt Homes. He also developed active adult
communities under the name Four Seasons.

There was no immediate word who would succeed him.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS