Press Release brought to you by K. Hovnanian Homes

Quick Move-In Homes Now Available at Two In-Demand 55+ Communities from K. Hovnanian®

02/10/2016

Monroe Township / Howell Township, NJ, February 2016 – K. Hovnanian® Homes has seen a tremendous response to its two newest 55+ neighborhoods in New Jersey: K. Hovnanian’s®Four Seasons at Monroe in Middlesex County’s Monroe Township; and K. Hovnanian’s®Four Seasons at Monmouth Woods in Monmouth County’s Howell Township. Both communities had tremendous turnouts at their Model Grand Opening events in the fall and buyer response has been strong in the months following. Now, the renowned builder has announced the availability of quick move-in homes at each of these popular communities.

Quick move-in homes are an increasingly popular choice and a very attractive option for homebuyers today. Also known as spec homes or quick-delivery homes, they offer an ideal opportunity for buyers who don’t have to worry about selling an existing home, or for those who have recently sold their home, as they provide a unique opportunity to close rapidly, often within 30 days of purchase. K. Hovnanian® has one of the region’s best selections of quick move-in homes. The collections at these two new 55+ communities feature a variety of styles, with homes that are well appointed, including desirable options and upgrades.

K. Hovnanian’s® Four Seasons at Monroe, located off Prospect Plains Road in Monroe Township, offers attractive single-family homes, along with a desirable low-maintenance lifestyle and a variety of resort-like amenities. One of the community’s distinguishing features is that it offers completely new home designs – the first time any of these floorplans have been available at any community in New Jersey. Pricing for the homes, which is subject to change, begins in the upper-$300s. The floorplans are more current and feature the open-concept design that is so popular among buyers today. Later this month, on February 20th, the community will add The Captiva III floorplan to its collection of homes. A variation of this model has been quite popular with buyers at other K. Hovnanian’s® Four Seasons communities, so the builder anticipates great interest for the new floorplan in this community. A selection of quick move-in homes is also available, with a variety of models including the Dorchester, Lille, Killarney II, and Dorchester Loft designs.

Another distinguishing feature of K. Hovnanian’s® Four Seasons at Monroe is the community’s lack of restrictions on adult (19+) children living at home with their parents. This “family-friendly” policy is unique among active-adult communities in the area. K. Hovnanian’s® policy is reflective of today’s “boomerang generation,” with more and more adult children returning home to live with parents after briefly living on their own, either temporarily or for an indefinite period of time.

At K. Hovnanian’s® Four Seasons at Monroe, homeowners will enjoy a variety of recreational and social opportunities to provide a true “resort-at-home” lifestyle. The community will feature an impressive clubhouse featuring approximately 5,500 square feet of amenities including an outdoor pool, a kiddie pool, bocce courts, tennis courts, pickle ball courts, and a gazebo. Homeowners will also be able to participate in a number of clubs and social activities. Homeowners will also enjoy easy access to major roadways such as the NJ Turnpike, Routes 1, 18, 33 and 130, as well as a nearby Park-and-Ride and an NJ Transit station at Princeton Junction.

Located just off of Route 9 in Howell Township, K. Hovnanian’s® Four Seasons at Monmouth Woods also offers a variety of attractive single-family homes for adults 55+, along with a low-maintenance lifestyle and a wealth of resort-like amenities. Buyers have an impressive choice of 12 different floorplans, including four loft-style and eight ranch-style single-family homes. Some of the floorplans are brand-new and previously unavailable at any of K. Hovnanian’s® Four Seasons communities in New Jersey. Homes feature up to 3,664 square feet of living space, with two or three bedrooms, with pricing from $379,990 (subject to change). The community’s selection of quick move-in homes features a variety of models including the Monterey II, Grenada, Antigua, Barbuda, Grenada Loft, Monterey Loft, and Cocomo designs.

K. Hovnanian’s® Four Seasons at Monmouth Woods will feature a 6,900-square-foot clubhouse with an outdoor pool, a kiddie pool for the grandchildren, a putting green, tennis courts, pickle ball, bocce ball courts and more. Homeowners will also be able to participate in a number of clubs, social activities and events. 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 also enjoy the convenience of a nearby NJ Transit Park and Ride Howell bus terminal, with direct service into New York City.

This winter is an ideal time to visit K. Hovnanian’s® Four Seasons at Monroe and/or K. Hovnanian’s® Four Seasons at Monmouth Woods, before the busy spring rush of buyers. Tour the new model homes and learn more about quick move-in opportunities that could allow you to move into one of these exciting new active-lifestyle neighborhoods as soon as this spring or summer. The model homes and sales offices are open daily from 10:00 a.m.–6:00 p.m. For directions to the Monroe community or for more information, call 1-800-873-0902; or visit khov.com/Monroe. For the Howell community, call  1-888-422-9488; or visit khov.com/MonmouthWoods. All homes within the communities are subject to an age restriction whereby the homes are restricted to use and occupancy by at least one person of age 55 years or over, and with no permanent resident being under the age of 19.

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 55+ 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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Source

K. Hovnanian Homes

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