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K Hovnanian

Meet America’s Top Active Adult Builders

by Danny Goodman on February 6, 2012

With the growing popularity of active adult living, many builders have begun developing age-restricted communities. Yet when homebuyers start their search, they are likely to notice that there are a few builders whose names come up again and again. Two of these top brands are public, three are family owned and they all have been successful homebuilders for several decades.

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Located in beautiful Cypress, Texas, Heritage at Towne Lake is a tranquil, age-restricted enclave set within the larger Towne Lake community. This charming active adult community offers a healthy lifestyle complete with resort-style amenities and a variety of social and recreational activities. Yet residents can also enjoy benefits outside of the community, such as the lifelong learning opportunities found at nearby Lone Star College.

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Pulte Homes, owners of the Del Webb brand of homes, recently purchased an unfinished retirement community near Tucson, Arizona from K. Hovnanian Homes (KHOV), for $8 million cash. Four Seasons at Rancho Del Lago in Vail, AZ will be known as Del Webb at Rancho Del Lago, as Pulte Homes takes over ownership. K. Hovnanian, who is the sixth largest builder in the nation, began the project in February 2008. They planned to build a total of 500 homes priced from the upper $100s. After only completing 35 homes, construction by KHOV halted due to the real estate downturn in Tucson and around the nation.

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