Hovnanian Enterprises, Inc. (Hovnanian) 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 in planned residential developments. The Company has delivered approximately 286,000 homes, including 5,659 homes during the fiscal year ended October 31, 2009 (fiscal 2009). The Company consists of two operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. As of October 31, 2009, the Company offered homes for sale in 179 communities in 39 markets in 18 states throughout the United States. It markets and builds homes for first-time buyers, first-time and second-time, move-up buyers, luxury buyers, active adult buyers and empty nesters.