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Make this holiday season sparkle and take advantage of K. Hovnanian® Homes’® generous savings before year end

K. Hovnanian® Homes® is giving this holiday season a special glow with opportunities that shine with enormous value on their new neighborhoods throughout Southern California. With a variety of new home choices starting from the mid $100,000s, be smart and make a brilliant move to your favorite K. Hovnanian community, where generous savings offer the perfect gift of homeownership. Buy before December 31, 2010 and make your holidays sparkle by choosing* a price reduction on your new home, a preferred appliance package, landscaping for your backyard, decorative window coverings or an upgraded-flooring-credit that fits your lifestyle. Offering limited-time savings, visit khov.com/socal and select your preferred neighborhood and location before this valuable opportunity passes you by.

If you have been looking for an excellent value with an affordable price tag, then hurry and take full advantage of this buying opportunity. The clock is ticking and urgency is key to purchase before December 31, for incredible savings on a new home. As demand continues to grow, there is no time to lose and everything to gain when you buy a brand new K. Hovnanian home today!

In Riverside County, are two gated+ resort-style communities for adults 55 plus. The Four Seasons at Beaumont offers a variety of two to three bedroom single-level home designs up to approximately 2,775 square feet. Prices start from the mid $100,000s. Four Seasons at Hemet highlights golf course++ gated+ living with two to three bedroom single-level residences up to approximately 2,090 square feet. Prices start from the low $200,000s.

K. Hovnanian Homes also features the single-family detached community of Cambria Hills in Lake Elsinore. Enhanced with scenic locations above the lake, three to six bedroom one and two-story residences offer up to

approximately 2,780 square feet. Residences are priced from the $200,000s.

Buyers looking for a wonderful home value with no Mello Roos+++ in Los Angeles County have an incredible opportunity for single-family detached living at Stetson Ranch in Santa Clarita. Three to seven bedroom two-story detached collections of Winchester or Remington offer up to approximately 3,489 square feet. Prices start from the high $400,000s.

Now selling in Orange County, K. Hovnanian Homes’ newest community Cambria in Stanton also offers the advantage of no Mello Roos+++. Three to four two-story detached homes offer up to approximately 1,973 square feet. Prices start from the mid $400,000s.

In Bakersfield, active adults 55 plus will enjoy the gated+ resort-style community of Four Seasons at Bakersfield that presents two to four single-level floorplans with up to approximately 2,775 square feet. Prices start from the high $100,000s.

In San Diego County, Lake Rancho Viejo offers the final opportunity to own a spacious two-story home design within this charming Fallbrook neighborhood. With prices starting from the $300,000s, act fast to purchase one of these final floorplans with up to approximately 2,845 square feet and up to six bedrooms.

Buyers are also encouraged to register their interest for Pasadera. Coming soon to Rancho Cucamonga this exciting new neighborhood is planned to offer four executive style floorplans with up to approximately 3,387 square feet.

*Incentive amounts vary depending on the homesite and/or community and may be available to reduce the purchase price, satisfy payment of third-party closing costs, fees and expenses related to financing arranged by K. Hovnanian

American Mortgage, the purchase of options & upgrades and other expenses or uses depending on the individual homesite; but in all events, incentive is predicated upon buyer executing Seller’s purchase agreement on or before December 31, 2010, may not be used to satisfy any earnest money, down payment or other deposit requirement (including for options and upgrades) and may not be paid to buyer in cash. Please see a Sales Consultant for specific opportunities, uses, terms and conditions.

+The gates at the communities are only designed to attempt to limit vehicular and pedestrian access; they are not designed to prohibit access or provide security of any kind.

++The Hemet Golf Club, including the golf course and clubhouse, is a public facility and is not owned or operated by K. Hovnanian’s Four Seasons at Hemet, LLC or the K. Hovnanian’s® Four Seasons at Hemet Community Association; existence and availability is at the discretion of the owner/operator.

+++Other tax assessments do apply; please see a Sales Consultant to obtain a copy of the Builder Assessment and Tax Disclosure for a full description of applicable assessments.

Brokers welcome. Broker must register client on client’s first visit and execute seller’s broker co-op agreement. K. Hovnanian® Homes® reserves the right to withdraw or modify the broker co-op program without prior notice. Please see a Sales Consultant for terms and conditions.

Pricing and product availability are subject to change.

Please contact a Sales Consultant for information about prices, products, facilities and their related amenities, including completion dates.

For additional information regarding driving directions and sales office hours on individual neighborhoods, log on to khov.com/socal today.