This amendment to our 10Q of 4/30/96 is being filed for the purpose
   of including the exhibit of the Third Amendment to the Credit
   Agreement.


                       SECURITIES AND EXCHANGE COMMISSION
                                        
                             WASHINGTON, D. C. 20549
                                        
                                    FORM 10Q


[ X ]  Quarterly report pursuant to Section 13 or 15 (d) of the
       Securities Exchange Act of 1934

       For quarterly period ended APRIL 30, 1996  or

[   ]  Transition report pursuant to Section 13 or 15 (d) of the
       Securities Exchange Act of 1934

Commission file number 1-8551

Hovnanian Enterprises, Inc.
(Exact name of registrant as specified in its charter)

Delaware                                        22-1851059
(State or other jurisdiction or                 (I.R.S. Employer
incorporation or organization)                  Identification No.)

l0 Highway 35, P.O. Box 500, Red Bank, N. J.  07701
(Address of principle executive offices)

908-747-7800
(Registrant's telephone number, including area code)
Same
(Former name, former address and former fiscal year, if changed
since last report)

      Indicate  by check mark whether the registrant (l) has filed  all  reports
required to be filed by Sections l3 or l5(d) of the Securities Exchange  Act  of
l934  during  the  preceding  l2 months (or for such  shorter  period  that  the
registrant was required to file such reports), and (2) has been subject to  such
filing requirements for the past 90 days.  Yes [ X ]    No [  ]

      Indicate the number of shares outstanding of each of the issuer's  classes
of  common stock, as of the latest practicable date.  15,112,362 Class A  Common
Shares and 7,924,691 Class B Common Shares were outstanding as of May 31, 1996.

                          HOVNANIAN ENTERPRISES, INC.

                                   FORM 10Q

                                     INDEX

                                                              PAGE NUMBER

PART I.   Financial Information
     Item l.  Consolidated Financial Statements:

              Consolidated Balance Sheets at April 30,
                1996 (unaudited) and October 31, 1995              3

              Consolidated Statements of Income for the
                three and six months ended April 30, 1996
                and 1995 (unaudited)                               5

              Consolidated Statements of Stockholders' Equity
                for the six months ended April 30, 1996
                (unaudited)                                        6

              Consolidated Statements of Cash Flows
                for the six months ended April 30,
                1996 and 1995 (unaudited)                          7

              Notes to Consolidated Financial
                Statements (unaudited)                             8

     Item 2.  Management's Discussion and Analysis
                of Financial Condition and Results
                of Operations                                      9

PART II.  Other Information

     Item 4.     Submission of Matters to a Vote of Security
                 Holders                                          16
     Item 6(a).  Exhibit 10(a) - Third Amendment to Credit
                 Agreement dated June 4, 1996 among
                 K. Hovnanian Enterprises, Inc., Hovnanian
                 Enterprises, Inc., Certain Subsidiaries Thereof,
                 Midlantic Bank,N.A., Chemical Bank, Meridian
                 Bank, NationsBank,N.A., First National Bank of
                 Boston, Bank of America Illinois, First National
                 Bank of Chicago, Comerica Bank, and Credit Lyonnais.

     Item 6(b).  Exhibit 27 - Financial Data Schedules

     Item 6(c).  No reports on Form 8K have been filed during
                 the quarter for which this report is filed.

Signatures                                                        17
                                  SIGNATURES



          Pursuant to the requirements of the Securities Exchange Act  of  l934,
the  registrant has duly caused this report to be signed on its  behalf  by  the
undersigned thereunto duly authorized.




                                    HOVNANIAN ENTERPRISES, INC.
                                    (Registrant)



DATE:  June 3, 1997                 /S/KEVORK S. HOVNANIAN
                                    Kevork S. Hovnanian,
                                    Chairman of the Board and
                                    Chief Executive Officer



DATE:  June 3, 1997                 /S/PAUL W. BUCHANAN
                                    Paul W. Buchanan,
                                    Senior Vice President
                                    Corporate Controller