Hovnanian Enterprises. Commits More Than $250,000 to Katrina Relief

Hovnanian Enterprises, Inc. Commits More Than $250,000 to Katrina Relief
Efforts

RED BANK, N.J., Sept. 12 /PRNewswire-FirstCall/ — Hovnanian
Enterprises, Inc. (NYSE:_HOV_ (aol://4785:HOV/) ), a leading national
homebuilder, announced that the Company has contributed $250,000 to
The American Red Cross Hurricane 2005 Relief Fund. The Company is also
matching the personal contributions from its 5,000 associates across
the U.S.

“Our thoughts and prayers are with those whose lives have been
disrupted by the hurricane and its aftermath,” said Ara K. Hovnanian,
President and Chief Executive Officer. “Hovnanian Enterprises, our
associates, and many of our subcontractors have a long track record of
providing assistance for families and communities in times of need.
We hope that our contribution will be of assistance to many of those
who are currently in great need of help as they strive to rebuild
their lives over the coming months.”

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian,
Chairman, is headquartered in Red Bank, New Jersey. The Company is
one of the nation’s largest homebuilders with operations in Arizona,
California, Delaware, Florida, Illinois, Maryland, Michigan,
Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania,
South Carolina, Texas, Virginia and West Virginia. The Company’s
homes are marketed and sold under the trade names K. Hovnanian Homes,
Goodman Homes, Matzel & Mumford, Diamond Homes, Westminster Homes,
Forecast Homes, Parkside Homes, Brighton Homes, Parkwood Builders,
Great Western Homes, Windward Homes, Cambridge Homes, Town & Country
Homes, Oster Homes and First Home Builders of Florida. 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 2004 annual report, can
be accessed through the Investor Relations page of the Hovnanian
website at _ () . To be added
to Hovnanian’s investor e-mail or fax lists, please send an e-mail to
[email protected]_ (mailto:[email protected]) or sign up at _
() .

SOURCE Hovnanian Enterprises, Inc.

09/12/2005 04:00 ET

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