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| Hovnanian Enterprises expands into South Carolina and Georgia Hovnanian Enterprises, Inc. acquired CraftBuilt Homes, a privately held homebuilder, headquartered in Bluffton, South Carolina. In its 2005 fiscal year, CraftBuilt Homes delivered 220 homes with revenue of approximately $42 million. CraftBuilt Homes currently has approximately 100 homes in contract backlog, with a sales value of $22 million and owns or controls approximately 2, 800 lots throughout its markets. CraftBuilt Homes designs, markets and sells single family detached homes. Due to its close proximity to Hilton Head, CraftBuilt Homes focuses on first-time, move-up, empty-nester and retiree homebuyers. write your comments about the article :: © 2006 Construction News :: home page |