K. Hovnanian(R) Homes(TM) is boosting their bonuses to offer homebuyers better deals and bigger rewards. Families will benefit from unheard of savings on new neighborhoods throughout Orange, Los Angeles, San Diego, Riverside, Imperial, San Bernardino and Kern counties. 'The Deal of the Century' event will also include live entertainment, live radio appearances, prize giveaways, food and fun for the kids. For more information, visit khov.com/deal to learn why K. Hovnanian(R) Homes(TM) is the first name in lasting value. During this three-day event, the sales centers will be open from 9 a.m. to 9 p.m. to best serve the public.

To accommodate individual lifestyles and financial goals, new home choices range from stylish condominiums in Irvine to estate-inspired homes in Granada Hills, family-style homes in Coachella Valley, view-top dream homes in Apple Valley, and single-level homes for age-qualified buyers in Bakersfield. Home prices range from the high $100,000s to the mid $1,000,000s.

For immediate information on K. Hovnanian(R) Homes(TM) neighborhoods visit KHOV.com.

K. Hovnanian(R) Homes(TM) would like to acknowledge the efforts and contribution of their trade partners, whose support directly contributes to the enduring quality and success of their neighborhoods. The company's trade partners include: Walldesign, Diaz Construction, Greg Minor Construction, Leonard's Services, RSI Professional Cabinet Solutions, Surco Framing, Smart Systems Technologies, Lighthouse Framing, All About Cleaning, AT&T, DHL, MOEN, Verizon, Dal-Tile, Progress Lighting, Staples, iLevel by Weyerhauser, JM Eagle, RICOH, Schulter, Eagle Roofing, Clopay Building Products, Accor Technology, Kwikset, Honeywell, Hanson Roof Tile, Bradco Supply, Landscape Intercal, Harris Fence Company, Nissho Of California, Inc., RCR Companies, San Diego Shutter Company, Inc., Mayer Roofing Company, Inc., RBI Framing, DSU Utility Trenching, Blue Rose Concrete, SC Design and Edinger Architects.

K. Hovnanian(R) Homes(TM), the sixth largest homebuilder in the country, is known for its commitment to superior quality, immeasurable value, design excellence and attentive customer service. Hovnanian Enterprises, Inc., the corporate parent of K. Hovnanian(R) Homes(TM), is listed on the New York Stock Exchange (NYSE: HOV). The company is headquartered in Red Bank, New Jersey.

Looking toward the future, K. Hovnanian(R) Homes(TM) has a diversity of new Southern California communities under development and in the planning stages. Hovnanian Enterprises is also one of the nation's largest sellers of active adult communities, developed under the Company's K. Hovnanian's(R) Four Seasons brand.

* Incentives and bonus amounts vary by community. Incentives offered may not be redeemed for cash value and may be used for the following: payment of homeowners' association dues, third party closing costs and fees, options and upgrades, down payments and other financing expenses. Some incentives require the use of seller's affiliated lender, K. Hovnanian American Mortgage, LLC. Buyer may finance with any other qualified lender, but will not be eligible for some of the incentives that are offered. All incentives and bonuses require buyer to enter into a purchase agreement between September 14, 2007 through September 16, 2007 and close in time required under the contract. Please see a sales consultant at each community for specific incentives offered and for other terms, conditions and restrictions that apply. - SOURCE K. Hovnanian Homes