Press Release brought to you by K. Hovnanian Homes

Busy Spring as K. Hovnanian’s® Bayport Nears Closeout in Egg Harbor

03/28/2016

Egg Harbor Township, NJ, March 2016 – Spring is shaping up to be quite a busy season at K. Hovnanian’s®Bayport on Lake's Bay in Egg Harbor Township, one of Atlantic County’s most popular new townhome communities. Bayport features attractive, low-maintenance, three-bedroom townhomes on the bay, with a private clubhouse, pool, and recreational amenities.

The community is now offering its final opportunities and to welcome the new spring season, the builder has just lowered prices, which now start from only $149,900 (subject to change). In addition to the new lower prices, Bayport is also featuring a special incentive for spring. The builder is offering a complimentary 42-inch TV on all new contracts signed between April 8th and June 12th. Homes must close by August 23rd, 2016. Homeowner will receive the complimentary TV within 2 weeks of closing on their home. Incentive may affect maximum financing. See sales associate for full details.

On Saturday, April 9th, Bayport is offering yet another reason to visit the thriving waterfront community. Interested buyers and guests are invited to attend a special “Mortgage Day” event from 12:00 Noon until 3:00 p.m. During this special event, visitors will have the opportunity to hear from a representative of K. Hovnanian®American Mortgage, LLC™. Guests will learn more about the process of obtaining a mortgage, including how to apply, and can have any questions answered about the process. The session is ideal for first-time homebuyers or anyone with questions about getting a mortgage in 2016. For more details on the event, call 609-484-0096.

Buyers at Bayport have a choice of three spacious, thoughtfully designed floorplans, each offering three bedrooms, two full bathrooms and a half-bath, garages, basements (with option to finish), and today’s most sought-after features. Many homes also offer appealing water views. Kelly (Kolonich) Rifici moved into the community last year and is still raving about her new home. “My dream was always to live by the water,” Rifici said. “From the minute I got here, as soon as I saw the view, I knew this was the place. It was love at first sight. I wanted my house to be a place where, when people first walk in, it takes their breath away – and that’s exactly the reaction I get. I really love the open layout, the high ceilings and spacious rooms. I have a beautiful deck on the back with a nice view of the water. I love it!”

Living at Bayport, homeowners also enjoy membership in The Bayport Club. This private community clubhouse offers recreational amenities that would be typical for a resort destination, including an outdoor heated salt water pool that overlooks Lake's Bay, an outdoor terrace by the pool, a fitness center, multi-purpose room, library, and catering kitchen – all just steps from homeowners’ front doors.

Bayport is set in one of South Jersey’s most convenient locations, with easy access to the Atlantic City Expressway and the Garden State Parkway. The community is close to great beaches and only two miles from the excitement of Atlantic City, with its fine dining, nightlife, shopping, and first-rate entertainment. Championship golf courses are nearby, as well as many marinas and other recreational and cultural attractions.

With under ten homes remaining at Bayport, interested buyers are encouraged to visit the community soon this spring, while prime quick move-in opportunities are still available. The April 9th Mortgage Day event will provide an ideal time to visit and to learn more about obtaining a mortgage and living in this serene waterfront community. The Bayport sales center and model home are located at 328 Sanderling Lane in Egg Harbor Township and open daily from 10:00 a.m. to 6:00 p.m. For directions or more information, call 609-484-0096; or visit khov.com/Bayport.

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, New Jersey, 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® and Parkwood Builders. As the developer of K. Hovnanian’s® Four Seasons communities, the Company is also one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2015 annual report, can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail list, please send an e-mail to IR@khov.com or sign up at http://www.khov.com.

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Source

K. Hovnanian Homes

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