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Hovnanian Enterprises chairman buys shares

By Associated Press

July 8, 2008

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The chairman of homebuilder Hovnanian Enterprises Inc. bought 220,000 shares of common stock, according to a Securities and Exchange Commission filing Monday.

In a Form 4 filed with the SEC, Kevork S. Hovnanian reported he bought the shares Thursday for $5.10 to $5.28 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Hovnanian is based in Red Bank, N.J.

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