Hovnanian Enterprises

Hovnanian Enterprises, Inc. is a United States real estate company involved in every aspect of marketing homes, including design, construction and sales. The company works with individual detached housing as well as higher-occupancy dwellings, including townhouses, condominiums and retirement homes. In most cases, the company acquires and develops the land on which these developments are built, but in some geographic regions, Hovnanian offers to build their proprietary house designs on private land. The company consists of two operating groups, homebuilding and financial services, and recently entered the Fortune 500.

Despite some recent financial difficulties due to the 2008–2009 recession and financial crisis, Hovnanian Enterprises remains the sixth largest American homebuilder and the largest homebuilder in New Jersey, as of September 2009.

Company operations

Hovnanian Enterprises, Inc. has delivered in excess of 312,000 houses since incorporation including 5,934 homes in fiscal 2014, with base prices ranging from $46,000 to $2,350,000 and averaging about $280,000. It operates in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington DC, and West Virginia. Members of the Hovnanian family, including Ara K. Hovnanian, have voting control over approximately 56% of the votes as of October 31, 2014 equivalent to a stake worth $178 million in 2015.

KQMR

KQMR (100.3 FM) is a radio station in Globe, Arizona, USA, owned by Univision Communications and licensed to Univision Radio License Corporation. The station was assigned the KQMR call letters by the U.S. Federal Communications Commission (FCC) on September 16, 2005. It airs a Spanish language Latin Pop music format.

History

100.3 signed on in 1980 as KIKO-FM, owned by Willard "Willy" Shoecraft owner of KIKO (AM), who began operating his FM station from a ridge above Globe (the east end used by the local two way users).

100.3 ran 30,000 watts from a transmitter site 3,700 feet above average terrain. In the late 1980s it was decided that the station would be able to reduce height and increase power toward the 100,000 limit allowed for the class of the station. A site on the west side of the ridge required new roads and special construction. The site was miles from commercial power, and no power lines were available. The transmitter went on air with locally generated power.

100.3 was known as KGRX and then KEYX "Key 103" when it began targeting Phoenix in 1988. The station went from Adult Alternative to Smooth Jazz in 1990, and then to Active Rock KZRX in 1991 simulcasting KEDJ in 1995.