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. Hovnanian® Homes® has announced the opening of The Lodge at K. Hovnanian’s® Four Seasons at Terra Lago in Indio. This fabulous recreation center offers incredible amenities to its residents, promoting a sense of true community and forming new cherished friendships between neighbors. Plus, a complete activities calendar means that you can participate in your favorite hobbies or why not help

your friends and neighbors

K. HOVNANIAN’S FOUR SEASONS AT TERRA LAGO

K. HOVNANIAN’S NEWEST LODGE RECREATION CENTER NOW OPEN

BEDROOMS:2

BATHS:2

PRICES:MID $200S

discover a talent they never knew they had!

The Lodge is the centerpiece of the community, showcasing a spectacular lifestyle of clubs, activities, events and lasting relationships. The Lodge features alarge ballroom, fitness center with yoga studio, beauty

salon, billiards room, arts and crafts room, library and indoor pool. Outdoors you find a relaxing patio with fireplace, putting green, tennis courts, a basketball court, bocce court, and another pool and spa. The community even features clubs and activities for every interest such as playing cards, reading, painting, pickleball, basketball and more.

An intimate, destination community in wonderful up and coming Indio, K. Hovnanian’s® Four Seasons at Terra Lago is a gated neighborhood for active adults 55 and better and boasts true resort-style living.These energy-efficient new homes range from approximately 1,559 to 2,747 square feet, some even backing the golf course. With open home designs that flow seamlessly from indoors to out, these homes are perfect for entertaining or a quiet night at

home. You will love enjoying the warm Indio climate and taking in the mountain and golf course views all from the comforts of your new home.

K. Hovnanian’s® Four Seasons at Terra Lago is located just north of Interstate 10 off of Golf Center Parkway and Terra Lago Parkway. Nine models are available for viewing as well as The Lodge. For more information visit khov.com/socal or call 888- 408-6590.

About Hovnanian Enterprises® HovnanianEnterprises, 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

The Lodge offers many amenities, clubs and activities to residents West Virginia. The Company’s homes are marketed and sold under the trade names K. Hovnanian® Homes®, Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes and Oster Homes. 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., includingasummary investment profile and the Company’s 2012 annualreport,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.