SOURCE: K. Hovnanian Homes

K. Hovnanian Homes

April 22, 2009 14:48 ET

Independent Panel of Builders Declares K. Hovnanian the Builder of the Best Adult Homes, Community in New Jersey

ATLANTIC CITY, NJ--(Marketwire - April 22, 2009) - A panel of out-of-state homebuilding professionals declared homes built by K. Hovnanian Homes as the best in the state over and under $350,000. The team also tapped K. Hovnanian's Jockey Club as the Community of the Year in its category.

The awards were among four given to K. Hovnanian Homes Tuesday night at the 22nd Annual Sales and Marketing Awards gala held at the Borgata-Atlantic City during the 60th Annual Atlantic Builders Convention. The awards, attended by more than 500 people, recognize the year's best new-home communities, the homes that comprise them and the efforts to tell homebuyers about them.

K. Hovnanian won four of the coveted awards: Jockey Club as active-adult community of the year over $350,000; best home in an adult community over $350,000, again at Jockey Club; and, making it a hat trick for Jockey Club, best marketing strategy for an adult community. In addition, K. Hovnanian's Four Seasons at Weatherby won best home in an adult community under $350,000. Jockey Club is located in Oceanport, N.J., and Four Seasons at Weatherby is in Woolwich, N.J. Prices at Jockey Club start in the low $500s; Four Seasons at Weatherby prices begin in the mid $200s.

"We are very proud to win these honors," said Barry McCarron, division president of K. Hovnanian Homes. "It makes it even more special that we were chosen by a group of industry experts from outside the state as the best among many well-built and well-designed homes and communities in New Jersey. Both of these communities have also won the biggest prize: They have been very popular with homebuyers who have spotted their value and quality."

In addition, more than 20 K. Hovnanian Homes sales consultants were honored for their sales successes during the past year.

"It's been a tough year, but we've continued to build excellent homes and work with our customers to help them buy those homes," said McCarron. "It's a great way to celebrate 50 years of success and begin the next 50 years."

Matzel and Mumford Organization, a K. Hovnanian company, also received several awards. Its Bayport on Lake's Bay was named Community of the Year for attached communities under $400,000.

K. Hovnanian Homes is the largest homebuilder in New Jersey and sixth largest homebuilder in the nation. Founded in 1959 by Kevork S. Hovnanian, chairman, the company sells homes in 18 states and the District of Columbia. The parent company, Hovnanian Enterprises, Inc., is headquartered in Red Bank, N.J., and delivered 11,281 homes during Fiscal 2008 under several names. Of those, 1,412 were delivered in New Jersey, New York and Pennsylvania. Additional homes in those states were sold through joint ventures. The company reported $3.3 billion in total revenues in Fiscal 2008. K. Hovnanian builds planned communities that include single-family, townhomes and garden homes. In addition, it constructs homes in mid-rise, high-rise and mixed-use buildings. The company also is well known for its active-adult homes, branded as K. Hovnanian's Four Seasons, and its expertise in community redevelopment and environment rehabilitation. More information is available at www.khov.com or at 866-NEW-KHOV.

Contact Information

  • Contact:
    Doug Fenichel, APR
    K. Hovnanian Homes
    (732) 623-6979
    Cell Phone: (973) 769-0688