Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HOVNANIAN KEVORK S
   2. Issuer Name and Ticker or Trading Symbol
HOVNANIAN ENTERPRISES INC [HOV] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last)
(First)
(Middle)
110 WEST FRONT STREET		 3. Date of Earliest Transaction (Month/Day/Year)
06/14/2006
(Street)

RED BANK, NJ 07701		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (1) 06/14/2006   J(2)   70,631     (1)   (3) Class A Common Stock 70,631 (4) 5,570,355 D (5)  
Class B Common Stock (1)               (1)   (3) Class A Common Stock 2,544,521.6   2,544,521.6 (6) I Held by the Marital Trust (7)
Class B Common Stock (1)               (1)   (3) Class A Common Stock 36,352.74   36,352.74 (6) I Held by the Sirwart Hovnanian through partnership interests in the Limited Partnership
Class B Common Stock (1)               (1)   (3) Class A Common Stock 529,124   529,124 I Held by Sirwart Hovnanian as trustee for daughter

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HOVNANIAN KEVORK S
110 WEST FRONT STREET
RED BANK, NJ 07701		   X   X   Chairman of the Board  
HOVNANIAN SIRWART
110 WEST FRONT STREET
RED BANK, NJ 07701		     X    

Signatures

 Nancy A. Marazzo Attorney-in-Fact   06/16/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Class B Common Stock, par value $.01 per share, non-cumulative, is immediately converted into an equal number of shares of Class A Common Stock, per value $.01 per share, non-cumulative
(2) The Reporting Person received a distribution of 70,631shares of Class B Common Stock from the KSH 2004 GRAT in which the reporting person is the principal beneficiary
(3) No expiration date
(4) N/A
(5) These shares are held by Kevork S. Hovnanian
(6) On April 11, 2006, partnership interests in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") representing 35,000 shares of Class B Common Stock were distributed to Sirwart Hovnanian by the Marital Trust. Mrs. Hovnanian's beneficial interest in such shares was not changed by such distribution
(7) Held by the Marital Trust, including shares held through partnership interests the Limited Partnership

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