Hovnanian expands into Charleston, South Carolina


Hovnanian (HOV +0.8%) says it is now entering the Charleston, South Carolina market and plans on building a K. Hovnanian's ® Four Seasons at the Lakes of Cane Bay.

The new community will be a private gated community featuring over 800 energy efficient homes.

Many K. Hovnanian's® Four Seasons active adult communities are scattered nationwide, but this will be the company's first active adult community in South Carolina.

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  • starcorral
    , contributor
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    Considering current home inventories and a somewhat stagnated economy The Fed could not avoid being party to, Charleston makes good sense. This is an area where rich meets not so rich - even poor, but it is a flock to place for those who want an alternative to southern charm and weather without leaving the "seaboard".

     

    Hovnanian is not so much struggling as biding time. ANd while each passing month may depreciate longer term outlooks, Hovnaian's bargain basement land acquisitions still give it a more favorable opportunity than most when the housing market revives.
    6 Aug 2014, 01:47 PM Reply Like
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