Press Release brought to you by K. Hovnanian Homes

Award-Winning Orchards at Monroe 50% Sold Out

05/27/2014

Monroe Township, NJ,May 2014: The Orchards at Monroe, a new community of single-family homes from New Jersey’s largest builder, K. Hovnanian® Homes®, is now 50% sold out. The Monroe Township community has quickly become one of central New Jersey’s fastest-selling neighborhoods. Since opening last year, The Orchards at Monroe has exceeded expectations, with homes selling out almost as soon as lots are released. At last year’s Grand Opening, over 2,000 people walked through the community’s model homes and every available home in the neighborhood’s first phase was sold.

Now, as summer approaches, there is no sign of things slowing down, as The Orchards at Monroe is poised to continue with strong sales. The community gained additional exposure recently, having won a number of Sales and Marketing (SAM) Awards from the New Jersey Builders Association. The SAM Awards are presented annually to honor the industry’s most creative and successful sales and marketing initiatives, including excellence in residential design and marketing programs within the state of New Jersey. Among other awards, The Orchards at Monroe received one of the most coveted honors, being named “Community of the Year (Detached Community Over $400,000)”.

Anticipating heavy traffic as the spring selling season moves into high gear, the community recently released a brand-new set of lots and is preparing for the construction of a neighborhood pool and cabana for homeowners, scheduled to open this summer.

Nicely priced from the mid-$500s (pricing subject to change), The Orchards at Monroe features 132 single-family detached homes, conveniently set on the border of Monroe Township and Cranbury in Middlesex County. The new community has a warm, traditional neighborhood feel, with tree-lined streets, sidewalks, and Belgian block curbing.

Buyers have their choice of four new contemporary home designs, which provide up to 3,125 square feet of living space, with 3 to 4 bedrooms, 2½ baths, 2-car garages and English basements. Desirable features include nine-foot ceilings throughout the main level and hardwood flooring in entry foyers. Designer kitchens feature beautifully crafted, furniture-quality cabinetry with 42” upper cabinets and granite countertops.

Homeowners also enjoy one of central Jersey’s most convenient locations. The community provides easy access to major roadways such as the NJ Turnpike, as well as Routes 1, 18, 33 and 130. Eminently commutable to New York City, Monroe Township is an ideal place to call home, offering many local amenities and attractions including Forsgate Golf & Country Club, Thompson Park, as well as a variety of major shopping centers and a broad variety of fine restaurants. And of course, the Jersey shore is only a 20-minute drive to the east. Additionally, families will appreciate living in the highly touted Monroe Township School District. U.S. News & World Report ranked Monroe Township High School as #39 on their “Best 100 High Schools in New Jersey” list; and 1,500 out of 31,000 ranked high schools in the nation.

Don’t miss your opportunity to be part of this exciting new neighborhood, while there are still opportunities available. Interested buyers are encouraged to visit The Orchards at Monroe soon for the best choice among the new set of lots just released. The sales office and model homes are open daily from 10:00 a.m. to 6:00 p.m., and located at 6 Potomac Avenue in Monroe Township (GPS Address: 324 Cranbury Half Acre Road). For directions or more information, call 1-877-245-1208. You may also learn more about the community online at www.khov.com/theorchardsmonroe.

ABOUT HOVNANIAN ENTERPRISES®, INC.:

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes®, Parkwood Builders, Town & Country Homes and Oster Homes. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2013 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at www.khov.com. To be added to Hovnanian's investor e-mail or fax lists, please send an e-mail to IR@khov.com or sign up at www.khov.com.

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05/27/2014 - 14:21

Source

K. Hovnanian Homes

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