SCHEDULE 13G
Amendment No. 0
Hovnanian Enterprises Inc.
Class A Common Stock
Cusip #442487203
Cusip #442487203
Item 1: Reporting Person - FMR Corp.
Item 4: Delaware
Item 5: 824
Item 6: 0
Item 7: 6,373,024
Item 8: 0
Item 9: 6,373,024
Item 11: 13.545%
Item 12: HC
Cusip #442487203
Item 1: Reporting Person - Edward C. Johnson 3d
Item 4: United States of America
Item 5: 0
Item 6: 0
Item 7: 6,373,024
Item 8: 0
Item 9: 6,373,024
Item 11: 13.545%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
Hovnanian Enterprises Inc.
Item 1(b). Name of Issuer's Principal Executive Offices:
10 Highway 35
PO Box 500
Red Bank, NJ 07701
Item 2(a). Name of Person Filing:
FMR Corp.
Item 2(b). Address or Principal Business Office or, if None,
Residence:
82 Devonshire Street, Boston,
Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
Class A Common Stock
Item 2(e). CUSIP Number:
442487203
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b)
and the person filing, FMR Corp., is a parent holding company
in accordance with Section 240.13d-1(b)(ii)(G). (Note: See
Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned: 6,373,024
(b) Percent of Class: 13.545%
(c) Number of shares as to which such
person has:
(i) sole power to vote or to direct
the vote: 824
(ii) shared power to vote or to
direct the vote: 0
(iii) sole power to dispose or to
direct the disposition of: 6,373,024
(iv) shared power to dispose or to
direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the Class A Common Stock of Hovnanian Enterprises
Inc.. The interest of one person, Fidelity Low Priced Stock
Fund, an investment company registered under the Investment
Company Act of 1940, in the Class A Common Stock of
Hovnanian Enterprises Inc., amounted to 6,172,200 shares or
13.118% of the total outstanding Class A Common Stock at
July 31, 2006.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company.
See attached Exhibit A.
Item 8. Identification and Classification of Members of
the Group.
Not applicable. See attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
August 10, 2006
Date
/s/Joseph Mari
Signature
Joseph Mari
Duly authorized under Power of Attorney
dated August 3, 2006, by Eric D. Roiter by and on behalf of
FMR Corp. and its direct and indirect subsidiaries
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G,
Fidelity Management & Research Company ("Fidelity"), 82
Devonshire Street, Boston, Massachusetts 02109, a wholly-
owned subsidiary of FMR Corp. and an investment adviser
registered under Section 203 of the Investment Advisers Act
of 1940, is the beneficial owner of 6,372,200 shares or
13.543% of the Class A Common Stock outstanding of
Hovnanian Enterprises Inc. ("the Company") as a result of
acting as investment adviser to various investment companies
registered under Section 8 of the Investment Company Act of
1940.
The ownership of one investment company, Fidelity
Low Priced Stock Fund, amounted to 6,172,200 shares or
13.118% of the Class A Common Stock outstanding. Fidelity
Low Priced Stock Fund has its principal business office at 82
Devonshire Street, Boston, Massachusetts 02109.
Edward C. Johnson 3d and FMR Corp., through its
control of Fidelity, and the funds each has sole power to
dispose of the 6,372,200 shares owned by the Funds.
Members of the family of Edward C. Johnson 3d,
Chairman of FMR Corp., are the predominant owners, directly
or through trusts, of Series B shares of common stock of FMR
Corp., representing 49% of the voting power of FMR Corp.
The Johnson family group and all other Series B shareholders
have entered into a shareholders' voting agreement under
which all Series B shares will be voted in accordance with the
majority vote of Series B shares. Accordingly, through their
ownership of voting common stock and the execution of the
shareholders' voting agreement, members of the Johnson
family may be deemed, under the Investment Company Act of
1940, to form a controlling group with respect to FMR Corp.
Neither FMR Corp. nor Edward C. Johnson 3d,
Chairman of FMR Corp., has the sole power to vote or direct
the voting of the shares owned directly by the Fidelity Funds,
which power resides with the Funds' Boards of Trustees.
Fidelity carries out the voting of the shares under written
guidelines established by the Funds' Boards of Trustees.
Fidelity Management Trust Company, 82 Devonshire
Street, Boston, Massachusetts 02109, a wholly-owned
subsidiary of FMR Corp. and a bank as defined in Section
3(a)(6) of the Securities Exchange Act of 1934, is the
beneficial owner of 600 shares or 0.001% of the Class A
Common Stock outstanding of the Company as a result of its
serving as investment manager of the institutional account(s).
Edward C. Johnson 3d and FMR Corp., through its
control of Fidelity Management Trust Company, each has sole
dispositive power over 600 shares and sole power to vote or to
direct the voting of 600 shares of Class A Common Stock
owned by the institutional account(s) as reported above.
Strategic Advisers, Inc., 82 Devonshire Street, Boston,
MA 02109, a wholly-owned subsidiary of FMR Corp. and an
investment adviser registered under Section 203 of the
Investment Advisers Act of 1940, provides investment
advisory services to individuals. As such, FMR Corp.'s
beneficial ownership includes 224 shares, or 0.000%, of the
Class A Common Stock stock outstanding of Hovnanian
Enterprises Inc., beneficially owned through Strategic
Advisers, Inc.
SCHEDULE 13G - TO BE INCLUDED IN
STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(f)(1) AGREEMENT
The undersigned persons, on August 10, 2006, agree
and consent to the joint filing on their behalf of this Schedule
13G in connection with their beneficial ownership of the Class
A Common Stock of Hovnanian Enterprises Inc. at July 31,
2006.
FMR Corp.
By /s/ Joseph Mari
Joseph Mari
Duly authorized under Power of Attorney dated August
3, 2006, by Eric D. Roiter by and on behalf of FMR Corp. and
its direct and indirect subsidiaries
Edward C. Johnson 3d
By /s/ Joseph Mari
Joseph Mari
Duly authorized under Power of Attorney dated August
3, 2006, by Eric D. Roiter by and on behalf of Edward C.
Johnson 3d
Fidelity Management & Research Company
By /s/ Joseph Mari
Joseph Mari
Duly authorized under Power of Attorney dated August
3, 2006, by Eric D. Roiter Secretary
Fidelity Low Priced Stock Fund
By /s/ Joseph Mari
Joseph Mari
Secretary