ADDED
5,167,955 shares of Class A common stock and 784,722 shares of Class B common stock were outstanding as of December 15, 2025 .
Since the incorporation of HEI s predecessor company, the Company combined with its unconsolidated joint ventures have delivered in excess of 382,000 homes, including 6,431 homes in fiscal 2025 .
We offer a variety of home styles at base prices ranging from $ 182,000 to $ 1,191,000 with an average sales price, including options, of $ 519,000 nationwide in fiscal 2025 .
Human Capital As of October 31, 2025 , we employed 1,891 full-time associates of whom 1,194 were involved in our homebuilding operations, 186 were involved in our financial services operations and 511 were involved in our corporate operations.
As of October 31, 2025 , 16 % of our associates had been with the Company for more than 15 years, and the average tenure of all associates was approximately 7 years.
The Company is also a founding member of the Building Talent Foundation ( BTF ) whose mission is to advance the education, training and careers of people from underrepresented groups in the fields of skilled technical workers and as business owners in the residential construction industry.
The Company's Lunch Learns and Coffee Chats platforms for associates are designed to fuel our companywide objective to foster a culture of engagement and facilitate more two -way communication.
Effective January 1, 2026, we plan to reinstate the tuition reimbursement benefit, which has been suspended since May 2009.
Additionally, w e offer a comprehensive library of over 500 training modules/courses to facilitate learning sessions both in-person and virtually, including required courses on diversity, ethics, workplace harassment prevention, cybersecurity and safety training courses.
Business Strategies In response to changing market conditions, we have taken a disciplined and strategic approach to our new land purchases at price points that we believe will generate appropriate investment returns needed to sustain profitability, while taking into consideration the current market environment of elevated sales concessions.
REMOVED
5,326,091 shares of Class A common stock and 729,354 shares of Class B common stock were outstanding as of December 12, 2024 .
Since the incorporation of HEI s predecessor company, the Company combined with its unconsolidated joint ventures have delivered in excess of 375,000 homes, including 6,201 homes in fiscal 2024 .
We offer a variety of home styles at base prices ranging from $ 62,000 to $ 1,910,000 with an average sales price, including options, of $ 538,000 nationwide in fiscal 2024 .
Human Capital As of October 31, 2024 , we employed 1,878 full-time associates of whom 1,211 were involved in our homebuilding operations, 171 were involved in our financial services operations and 496 were involved in our corporate operations.
As of October 31, 2024 , 17.1 % of our associates had been with the Company for more than 15 years, and the average tenure of all associates was approximately 7.3 years.
We believe that our focus on diversity and inclusion across the organization positions the Company to deliver innovation and growth.
We have a diverse associate base comprised of 27.3 % non-white associates as of October 31, 2024 .
Additionally, as of October 31, 2024 , 43.6 % of our associates were women, and women represent 38.5 % of all associates in manager and more senior positions.
Promoting a diverse and inclusive work environment is a major priority at Hovnanian.
In 2020 , the Company formed a Diversity Inclusion Committee that continues to be an important initiative.