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 * SORSBY J LARRY 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                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Exec. VP and CFO
(Last)         (First)         (Middle)
90 MATAWAN ROAD, FIFTH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)
1/1/2021
(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)
Code V Amount (A) or (D) Price
Class A Common Stock  1/1/2021    M    5986.0000  A $0.0000  36956.0000  D   
Class A Common Stock  1/1/2021    M(1)    330.0000  A $0.0000  37286.0000  D   
Class A Common Stock  1/1/2021    M(1)    330.0000  A $0.0000  37616.0000  D   
Class A Common Stock  1/4/2021    F    2571.0000  D $31.8500  35045.0000  D   

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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Market Share Units (Performance)   (2) 1/1/2021    M (1)       425.0000    (3) 6/8/2023  Class A Common Stock  425.0000  $0.0000  2975.0000 (4) D   
Market Share Units (Performance)   (2) 1/1/2021    M (1)       425.0000    (3) 6/8/2023  Class A Common Stock  425.0000  $0.0000  2550.0000 (4) D   
Phantom Stock Units Payout 2021   (2) 1/1/2021    M        5986.0000 (5)   (6)  (6) Class A Common Stock  5986.0000 (5) $0.0000  0.0000  D   

Explanation of Responses:
(1)  On January 1, 2021, 425 Market Share Units vested and converted into 330 shares of Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), pursuant to the terms of the award granted on June 8, 2018 that was subject to additional financial performance criteria that was determined to have been satisfied on December 15, 2020
(2)  Converts to Class A Common Stock on a one-for-one basis
(3)  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, 2021, June 8, 2021, June 8, 2022 and June 8, 2023
(4)  The number of shares of Class A 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
(5)  Adjusted for the Issuer's 1-for-25 reverse stock split with respect to the Class A Common Stock that occurred on March 29, 2019
(6)  Payout to be made on January 1, 2021, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SORSBY J LARRY
90 MATAWAN ROAD, FIFTH FLOOR
MATAWAN, NJ 07747
X
Exec. VP and CFO

Signatures
Nancy A. Marrazzo Attorney-in-Fact 1/5/2021
**Signature of Reporting Person Date