Hovnanian Gears Up to Buy Developable Philly-Area Land

YARDLEY, PA-With the appointment of Brad Haber as director of land acquisition, locally based K. Hovnanian announces plans to expand its positions in urban redevelopment and suburban home construction throughout the Delaware Valley. The former president of Tangent Builders, Haber joined Hovnanian two years ago and is well known throughout Pennsylvania and southern New Jersey.

In his new post, he is responsible for land acquisitions, including redevelopment and infill areas, in metropolitan Philadelphia, Camden, NJ, and the 11 surrounding suburban and metropolitan counties that make up the Delaware Valley. His goal, according to a printed statement, “is to expand K. Hovanian’s presence in the area and to help communities reclaim underused land.”

“Extensive approval processes can make land acquisition difficult,” Haber says. “Whether we’re talking about a city that needs a redevelopment plan or an individual with land to sell, …we have the experience and financial strength to navigate the confusing regulatory channels and create beautiful new neighborhoods.”

K. Hovnanian’s parent, Hovnanian Enterprises, builds and markets housing in more than 230 residential communities in 12 states, making it among the largest homebuilding companies in the US. In 2002, it delivered 9,514 houses, and revenues totaled $2.6 billion. K. Hovnanian delivered more than 1,900 homes in New York, New Jersey and Pennsylvania last year.