Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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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)

10 HIGHWAY 35		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
10/31/2005
(Street)


RED BANK, NJ 07701		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Class A Common Stock 12/23/2004   G 100,000 D $ (1) 7,430,424 D (2)  
Class A Common Stock 07/11/2005   G 100,000 D $ (1) 7,330,424 D (2)  
Class A Common Stock             190,000 D (3)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock   05/03/2004   G   2,565,261.6   (4)   (5) Class A Common Stock
2,565,261.6
(1) 0
I
Held by the Family Limited Partnership (6)
Class B Common Stock   05/03/2004   G 2,565,261.6     (4)   (5) Class A Common Stock
2,565,261.6
(1) 2,579,521.6 (7)
I
Held by the Marital Trust (8)
Class B Common Stock   05/24/2005   G   14,387.26   (4)   (5) Class A Common Stock
14,387.26
(1) 1,352.74
I
Held by Sirwart Hovnanian through partnership interests in the Limited Partnership
Class B Common Stock               (4)   (5) Class A Common Stock
5,499,724
  5,499,724
D (2)
 
Class B Common Stock               (4)   (5) 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
10 HIGHWAY 35
RED BANK, NJ 07701		   X   X   Chairman of the Board  
HOVNANIAN SIRWART
10 HIGHWAY 35
RED BANK, NJ 07701		     X    

Signatures

Nancy A. Marrazzo, Attorney-in-Fact 12/15/2005
**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) N/A
(2) These shares are held by Kevork S. Hovnanian
(3) These shares are held by Sirwart Hovnanian, wife of Kevork S. Hovnanian
(4) 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
(5) No expiration date
(6) On May 3, 2004, Kevork S. Hovnanian transferred all of his partnership interests in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership") to the Sirwart Hovnanian 1994 Marital Trust (the "Marital Trust")
(7) On May 11, 2005, partnership interests in the Limited Partnership representing 15,740 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.
(8) Held by the Marital Trust, including shares held through partnership interests in the Limited Partnership

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