Item 8.01. Other Events.

On June 24, 2009, Hovnanian Enterprises, Inc. (the "Company") held its previously announced Special Meeting of holders of its 7.625% Series A Preferred Stock (the "Preferred Stock") (represented by Depositary Shares), which was called for the purpose of nominating two persons to serve as "Advisory Directors" to attend the portion of meetings of the Board of Directors discussing the agenda item relating to the Preferred Stock until such time as full dividends on the Preferred Stock have been paid for four consecutive quarterly dividend periods. As a result of restrictions in the Company's credit agreement and bond indentures, the Company has been, and continues to be, prohibited from paying dividends on the Preferred Stock.

Substantially less than the number of shares of Preferred Stock (as represented by Depositary Shares) necessary to establish the required quorum was represented in person or by proxy at the Special Meeting. As a quorum was not obtained, the Company was precluded from conducting any business at the Special Meeting and no "Advisory Directors" were nominated. In accordance with the Certificate of Designations, Powers, Preferences and Rights of the Preferred Stock, the Company is not required to call an additional special meeting to nominate "Advisory Directors."

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