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K. Hovnanian® to Open New Active-Adult Community in Monmouth County

04/13/2015

Howell Township, NJ, April 2015 – K. Hovnanian® Homes®, New Jersey’s largest homebuilder and one of the nation’s largest builders of active-adult homes, has announced plans for the development of its newest 55+-lifestyle community in the Garden State. K. Hovnanian’s®Four Seasons at Monmouth Woods, which is scheduled to open for sales this spring, will feature a variety of attractive single-family homes in one of Monmouth County’s most convenient locations, with a low-maintenance lifestyle and a variety of resort-like amenities. The new community will be located just off of Route 9, at 200 West Farms Road in Howell Township.

K. Hovnanian’s® Four Seasons at Monmouth Woods follows on the heels of another one of the builder’s tremendously successful active-adult communities in Monmouth County. K. Hovnanian’s® Four Seasons at Manalapan, which is now sold out, has proven to be one of New Jersey’s most popular 55+ communities in recent years. Anticipation is high for the new community, which will provide a similar appeal for 55+ homebuyers, offering a unique collection of homes with a choice of multiple floorplans, as well as a desirable new lifestyle.

Homebuyers will have an impressive choice of 12 different floorplans in the new community, with two- and three-bedroom single-family homes available in ranch and loft-style designs. The selection of home designs will include some brand-new floorplans, previously unavailable in any New Jersey K. Hovnanian’s® Four Seasons community.

At K. Hovnanian’s® Four Seasons at Monmouth Woods, homeowners will enjoy a variety of recreational and social opportunities. The community will feature a 6,900-square-foot clubhouse with an outdoor pool, a kiddie pool for the grandchildren, a putting green, tennis courts, bocce ball courts and more. Homeowners will also be able to participate in a number of clubs and social activities.

The location will no doubt prove to be one of the key amenities of K. Hovnanian’s® Four Seasons at Monmouth Woods. The new community will offer easy access to Routes 9, 33 and I-195, as well as the New Jersey Turnpike and Garden State Parkway. Homeowners will enjoy the convenience of a nearby NJ Transit Park and Ride Howell bus terminal, with direct service into New York City.

The surrounding area also offers a wealth of shopping, dining and entertainment options. New Jersey’s second largest mall, Freehold Raceway Mall, is nearby, with over 225 retailers. Bargain shoppers will appreciate being close to premier outlet centers at the Jersey Shore and Jackson Premium Outlets. Route 9 is also home to many major retail chains, just a short drive away. Nature lovers and outdoor enthusiasts will appreciate being so close to the Manasquan Reservoir County Park, and several other local parks. There are plenty of great golf courses in the area and the Jersey Shore is less than a half hour away.

K. Hovnanian’s® Four Seasons at Monmouth Woods has already started to accumulate a growing list of interested buyers and the builder anticipates that the new active-adult community will sell very quickly. Interested buyers are encouraged to register now for the community’s Interest List, to stay current on progress and happenings at this exciting new neighborhood. For more information and to register for the Interest List, call 1-888-KHOV-HOME. You may also learn more about the new community online at www.khov.com/MonmouthWoods.

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® 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 adult homes.

Additional information on Hovnanian Enterprises, Inc., including a summary investment profile and the Company’s 2014 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 or fax lists, please send an e-mail to IR@khov.com or sign up at http://www.khov.com.

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04/13/2015 - 21:45

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Pace, a WPP Company

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