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Beware of sticker shock and buy a new K.

Hovnanian® home with the confidence and satisfaction of knowing you will get up to $60,000 in savings*. For a limited-time only, homebuyers are encouraged to take advantage of select featured homesites that offer thousands of dollars in savings when they purchase now through October 31, 2011. With spectacular locations between Orange County and Bakersfield, K. Hovnanian® offers gated+ active adult communities with resort-style amenities, family friendly neighborhoods and a variety of floorplans to fit your family’s lifestyle and budget. Log on to Khov.com/socal today and find your favorite K. Hovnanian® community, where buyers are benefiting from historically low interest rates and getting huge savings on a value-priced home.

Showcasing all the amenities today’s consumers want in a new home, plus energy saving features that offer valuable solutions for saving money and helping protect the environment, this is your chance to get a real deal on a stylish K. Hovnanian® residence. With prices starting from the upper $100,000s to the $600,000s, don’t let this opportunity pass you by. Hurry to a new K. Hovnanian® community and start enjoying the rewards of homeownership today!

In Riverside County, buyers will find quality and convenience at two gated resort-style communities for adults 55 plus.

Beware of sticker shock and get up to $60,000 in savings on a new K. Hovnanian® home

K. Hovnanian’s® Four Seasons at Beaumont presents a spectacular gated+ community that offers two to four bedroom single-level homes with up to approximately 2,324 square feet. Nine new single story floorplans are now available along with six beautiful models to tour. Prices start from the upper $100,000s. Now in its final phase of sales including the model homes, this is your last chance to own within K. Hovnanian’s® Four Seasons at Hemet’s golf course++ gated+ community. The final two to three bedroom single-level residences that offer up to approximately 2,090 square feet. start from the upper $100,000s.

In Bakersfield, active adults 55 plus enjoy the gated+ resort-style community of K. Hovnanian’s® Four Seasons at Bakersfield, where the professionally designed model homes are now for sale. These single-level home designs start from the upper $100,000s.

In Los Angeles County, the Stetson Ranch community within the canyon country area of Santa Clarita features two-story detached collections at Winchester and Remington. Offering single-family detached living with no Mello Roos+++, these homes feature three to sevent bedrooms with up to approximately 3,489 square feet. Prices start from the mid $400,000s.

The Cambria neighborhood in Stanton is now selling its final two-story detached

homes including the model homes. Offering no Mello Roos+++, act fast to take advantage of these stylish three to four bedroom homes that offer up to approximately 1,973 square feet. Prices start from the mid $400,000s.

In Rancho Cucamonga, Pasadera presents executive-style, one- and two-story detached homes with incredible mountain and city light vistas. These magnificent homes offer three to seven bedrooms and up to approximately 3,387 square feet. Prices start from the lower $500,000s K. Hovnanian Homes is known for its commitment to superior quality, immeasurable value, design excellence and attentive customer service.

*Actual cost savings will vary depending on the homesite and community. Incentive amounts, which vary between $10,000 and $60,000, are available to be used towards a purchase price reduction; is predicated upon buyer executing our standard purchase agreement and is contingent upon close of escrow on or before 10/31/11. Incentive amounts may not be used to satisfy any earnest money, down payment or other deposit required (including for options and upgrades), is contingent on buyer purchasing the home by means of either mortgage financing arranged and funded solely by K. Hovnanian American Mortgage, LLC or an all-cash purchase, and may not be paid to buyer in cash. Seller contribution limits may

apply. Please see a sales consultant for terms and conditions, including the contents and materials of the incentive.

+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.

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. If you are looking for a new home, but not sure where to start, contact K. Hovnanian’s friendly New Home Specialists at 888.408.6590.