Monday , 23 April 2018

Housing Industry Veteran Steps Down at K. Hovnanian

 Industry veteran Bobby Ray has announced he is stepping down as Group President of K. Hovnanian’s Texas and Florida markets after 12 years with the company.

“It’s time for me to step aside at K. Hovnanian,” said Ray.  “I’m not retiring, just fulfilling a plan we set in place 18 months ago.  I’m grateful to have had the opportunity to work for a great company but it is time to do something different.”

Ray has been a stalwart in the North Texas housing industry for 30 years.  He joined Goodman Homes in 1983 and later became a Partner and President guiding the company to a top 10 builder in the Metroplex.  Goodman Homes was acquired by K. Hovnanian in 1999.

Under the direction of Ray, K. Hovnanian also acquired two additional builders in Houston and four builders in Florida.  At the height of the housing market in 2006, his group closed about 6,000 homes in the two states with revenues of about $1.8 billion while also doubling the size of K. Hovnanian in DFW to 1500 units.

“We couldn’t be in a better place than Texas for homebuilding, even though the national economy is still struggling,” said Ray.

Ray served as President of the Collin County Homebuilders Association and as a board member of both the Dallas and Texas Homebuilders Associations.  He was awarded the Hugh Prather Award by the Dallas Home Builders Association for “the builder contributing the most to the betterment of the Dallas Metroplex.”

Governor George W. Bush appointed Mr. Ray to the UNT Board of Regents in 1995, and in 2001 Governor Rick Perry re-appointed him to another term, which he completed in November 2007.  He served as Chairman of the Board for eight years and was recognized as an Outstanding Alumnus in 2010.

He is active in other community affairs, serving on several boards and commissions in past years.  He currently serves on the Board of Presbyterian Hospital and Northern Trust Bank.

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