Hello. I am Ara Hovnanian, President and CEO of Hovnanian Enterprises, Inc. Thank you for your interest in our Company and the homebuilding industry. Homebuilding is a wonderful and exciting profession. I must admit to some bias here, having grown up in the business my father started back in 1959. Having spent my summers in our communities, sweeping out houses and learning about construction, land development and other fascinating aspects of the business, you could say that homebuilding is "in my blood." This year, we celebrate our Company's 50th Anniversary and proudly showcase K. Hovnanian's longevity during a time when the market presents unique challenges for both buyers and homebuilders. I've often said that wonderful opportunities are cleverly disguised as problems. Over the years, we have capitalized on many of those opportunities and have become a stronger Company in the process. Today's challenging environment is no exception. Change provides growth and development opportunities for individuals. We are proud of the fact that our Company is a leader in many areas, including our training and development programs, and our leadership development and succession planning programs. Associates in our Company are provided with rich learning and growth opportunities because we really do understand we can only grow as fast as the number of great people on our team. Once you join, we will be committed to your personal and career development. K. Hovnanian currently operates in 18 states in the U.S. and builds almost every home type imaginable. We build entry-level condominium homes for the first-time buyer, luxury single family homes, active adult lifestyle communities, mid-rise and high-rise luxury condominiums in urban areas, and everything in between. If you're looking for exposure to a variety of products and experiences, we're the right Company for you. Why else are we the best homebuilder to build your career with? We are absolutely committed to being THE BEST homebuilder in the Nation and achieving the highest levels of customer satisfaction in the industry! We relentlessly seek out new ideas and better ways to run our business. Ours is a Company that is always seeking to improve. I am personally committed to creating a world-class Company whose reputation and success is unparalleled. The strength of a home is its foundation. The strength of our Company is our people. We have a culture of the highest ethical standards. We always do the right thing, for our customers, our Associates, our business partners and for the community. I hope you'll take the time to learn more about the opportunities we have. They are the opportunities of a lifetime! Best wishes and thanks again for your interest.
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