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 * PAGANO VINCENT JR 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
_____ Officer (give title below)    _____ Other (specify below)
(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    985.0000  A $0.0000  35056.0000  D   
Class A Common Stock  1/4/2021    F    45.0000  D $31.8500  35011.0000  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
Phantom Stock Units Payout 2021   (1) 1/1/2021    M        985.0000 (2)   (3)  (3) Class A Common Stock  985.0000 (2) $0.0000  0.0000  D   
Phantom Stock Units Payout 2022   (4) 1/1/2021    D (5)       1758.0000 (2)   (6)  (6) Class A Common Stock  1758.0000 (2) $0.0000  0.0000  D   
Phantom Stock Units Payout 2027   (4) 1/1/2021    A (5)    1758.0000       (7)  (7) Class A Common Stock  1758.0000  $0.0000  1758.0000  D   

Explanation of Responses:
(1)  These phantom stock units converted into Class A Common Stock, par value $.01 per share, non-cumulative ("Class A Common Stock"), on a one-for-one basis
(2)  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
(3)  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
(4)  Converts to Class A Common Stock on a one-for-one basis
(5)  Deemed disposition and acquisition of securities in connection with change to deferral period for Phantom Stock Units
(6)  Payout to be made on January 1, 2022, or upon the occurrence of certain other events set forth under the terms of the Deferred Compensation Plan
(7)  Payout to be made on January 1, 2027, 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
PAGANO VINCENT JR
90 MATAWAN ROAD, FIFTH FLOOR
MATAWAN, NJ 07747
X



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