Michael Albiter

Michael Albiter currently serves as the Financial Planning and Forecasting Manager at K. Hovnanian® Homes, where he plays a pivotal role in shaping the financial strategy and operational success of the North East Division, encompassing key markets such as New Jersey, Pennsylvania, and New York. In this capacity, Michael leverages his extensive expertise in real estate finance, market analysis, and corporate finance to develop robust, data-driven forecasts that inform strategic decision-making across the division. His responsibilities include the development and maintenance of bi-annual community and division-level forecasts, ensuring alignment with corporate goals and market conditions.

A core aspect of Michael’s role involves performing detailed expense trend analysis, which enables him to identify cost-saving opportunities and optimize cash flow management. He collaborates closely with area presidents to set achievable budgetary goals for individual communities, balancing growth objectives with fiscal discipline. His proficiency in contract negotiation and due diligence ensures that financial commitments are sound and aligned with long-term strategic plans. Additionally, Michael supervises actual spending to maintain financial accountability and compliance with regulatory standards such as the Sarbanes-Oxley Act.

With a comprehensive skill set that includes forecasting, financial accounting, and accounts payable management, Michael Albiter is instrumental in driving the division’s financial health and operational efficiency. His strategic insights and analytical acumen support K. Hovnanian® Homes in delivering quality homebuilding projects while maintaining fiscal integrity in a competitive real estate market.