Statement of Changes in Beneficial Ownership (4)

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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* HOVNANIAN ARA K	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 Bd., Pres. & CEO
(Last) (First) (Middle) C/O HOVNANIAN ENTERPRISES, INC., 90 MATAWAN ROAD	3. Date of Earliest Transaction (MM/DD/YYYY) 1/3/2022
(Street) MATAWAN, NJ 07747 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾	1/3/2022		M ⁽²⁾		9000.0000		⁽¹⁾	⁽³⁾	Class A Common Stock	9000.0000	$0.0000	241784.0000	D
Class B Common Stock	⁽¹⁾	1/3/2022		M ⁽²⁾		9000.0000		⁽¹⁾	⁽³⁾	Class A Common Stock	9000.0000	$0.0000	250784.0000	D
Class B Common Stock	⁽¹⁾	1/3/2022		F			7084.0000	⁽¹⁾	⁽³⁾	Class A Common Stock	7084.0000	$121.1000	243700.0000	D
Market Share Units (Performance)	⁽⁴⁾	1/3/2022		M ⁽²⁾			4500.0000	⁽⁵⁾	6/14/2024	Class A Common Stock ⁽⁶⁾	4500.0000	$0.0000	31500.0000 ⁽⁷⁾	D
Market Share Units (Performance)	⁽⁴⁾	1/3/2022		M ⁽²⁾			4500.0000	⁽⁵⁾	6/14/2024	Class A Common Stock ⁽⁶⁾	4500.0000	$0.0000	27000.0000 ⁽⁷⁾	D
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	5328.4000		5328.4000	I	Held as trustee for daughter Serena
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	5328.4000		5328.4000	I	Held as trustee for son Alexander
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	160.0000		160.0000	I	Held as trustee of the Alexander Hovnanian Trust
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	160.0000		160.0000	I	Held as trustee of the Alton Hovnanian Trust
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	157434.5600		157434.5600	I	Held as trustee of trust for Reporting Person's family ⁽⁸⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	25281.4000		25281.4000 ⁽⁹⁾	I	Held as trustee of trusts for Esther K. Barry's family ⁽¹⁰⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	25281.4000		25281.4000 ⁽⁹⁾	I	Held as trustee of trusts for Lucy K. Kalian's family ⁽¹¹⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	25281.4000		25281.4000 ⁽⁹⁾	I	Held as trustee of trusts for Nadia K. Rodriguez's family ⁽¹²⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	25281.4000		25281.4000 ⁽⁹⁾	I	Held as trustee of trusts for Sossie K. Najarian's family ⁽¹³⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	82404.0000		82404.0000 ⁽⁹⁾	I	Held by 2021 Trusts ⁽¹⁴⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	50507.5100		50507.5100	I	Held by Ara K. Hovnanian Family 1994 long-term trusts ⁽¹⁵⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	5125.2800		5125.2800	I	Held by Reporting Person through partnership interests in the Limited Partnership.
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	38736.6940		38736.6940 ⁽⁹⁾	I	Held by trusts for Esther K. Barry's family ⁽¹⁶⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	42034.9200		42034.9200 ⁽⁹⁾	I	Held by trusts for Kevork S. Hovnanian's family ⁽¹⁷⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	38777.8564		38777.8564 ⁽⁹⁾	I	Held by trusts for Lucy K. Kalian's family ⁽¹⁸⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	22849.1972		22849.1972 ⁽⁹⁾	I	Held by trusts for Nadia K. Rodriguez's family ⁽¹⁹⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	33256.3364		33256.3364 ⁽⁹⁾	I	Held by trusts for Sossie K. Najarian's family ⁽²⁰⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽³⁾	Class A Common Stock	812.0000		812.0000	I	Held by wife

Explanation of Responses:
(1)	The Class B Common Stock, par value $.01 per share, non-cumulative ("Class B Common Stock"), is immediately convertible into an equal number of shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock")
(2)	On January 3, 2022, 4,500 Market Share Units converted into 9,000 shares of Class B Common Stock pursuant to the terms of the award granted on June 14, 2019 that was subject to additional financial performance criteria that was determined to have been satisfied on December 13, 2021.
(3)	No expiration date
(4)	Shares of Class B Common Stock received upon vesting are immediately convertible into Class A Common Stock on a one-for-one basis.
(5)	The Market Share Units vest, if at all and to the extent of specified market performance of the Class A Common Stock over each relevant vesting period, in four equal installments on the following vesting dates: January 1, 2022, June 14, 2022, June 14, 2023 and June 14, 2024.
(6)	Upon, and to the extent of, vesting of the Market Share Units, shares of Class B Common Stock would be received. Shares of Class B Common Stock are immediately convertible into an equal number of shares of Class A Common Stock.
(7)	The number of shares of Class B Common Stock that would be received upon vesting of the Market Share Units, if any, may vary from 50% to 200% of the number shown depending on the market performance of the Class A Common Stock over each relevant vesting period.
(8)	Held by Ara K. Hovnanian 2012 Trust, of which the reporting person is trustee, including shares held through a limited liability company interest in the Hovnanian Family 2012 LLC (the "2012 LLC")
(9)	The Reporting Person disclaims beneficial ownership of these securities except to the extent of his potential pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of the beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose
(10)	Held by trusts for the benefit of the family of Esther K. Barry, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
(11)	Held by trusts for the benefit of the family of Lucy K. Kalian, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
(12)	Held by trusts for the benefit of the family of Nadia K. Rodriguez, of which the reporting person is a trustee and has a potential remainder interest, including shares held through a limited liability interest in the 2012 LLC
(13)	Held by trust for the benefit of the family of Sossie K. Najarian, of which the reporting person is a trustee and has a potential remainder interest, through a limited liability company interest in the 2012 LLC
(14)	Held by trusts for the benefit of the reporting person's family (the "2021 trusts"), of which the reporting person is the investment trustee.
(15)	Held by Ara K. Hovnanian Family 1994 long-term trusts, of which the reporting person is trustee, including shares held through a partnership interest in the Kevork S. Hovnanian Family Limited Partnership (the "Limited Partnership")
(16)	Held by Esther K. Barry Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
(17)	Held by trusts for the benefit of the family of Kevork S. Hovnanian, of which the reporting person is a trustee and has a potential remainder interest
(18)	Held by Lucy K. Kalian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
(19)	Held by Nadia K. Rodriguez Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership
(20)	Held by Sossie K. Najarian Family 1994 long-term trusts, of which the reporting person is a trustee and has a potential remainder interest, through a partnership interest in the Limited Partnership

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
HOVNANIAN ARA K C/O HOVNANIAN ENTERPRISES, INC. 90 MATAWAN ROAD MATAWAN, NJ 07747	X	X	Chairman of Bd., Pres. & CEO