K. Hovnanian Homes AnnouncesAt Deer Ridge In MorrisAspireK. Hovnanian Homes has announcedits newest community, Aspire at DeerRidge in Morris, will open this fall.Home shoppers can learn more about theproperty now and join the interest list toreceive up to-the-minute information atwww.khov.com/AspireAtDeerRidge.this design element features a privatesuite on the first floor with a spaciousbedroom and bath that is ideal for agingparents moving in with their children,adult children moving back home, adultchildren with special needs, or relativesvisiting for an extended period of time.Aspire at Deer Ridge will feature K.Hovnanian Homes' new series of value-"Multigenerational households havebecome more common in recent years ascollege graduates move back in with theirparents to save while paying back studentloans" said Konovodoff. "On the other endconscious designs. Both ranch andtwo-story layouts will be available for the53 single family homes. The eight homedesigns offer 1,780 to 3,243 square feet ofliving space, two to four bedrooms, 1-1/2to 2-1/2 baths, and attached two- or three-of the spectrum, Baby Boomers are livinglonger than ever and are being welcomedinto the homes of their adult childrenrather than moving to senior livingcar garagescommunities. The Extra Suite was createdDepending on the plan selected, homesalso may have a loft. office, formal livingroom, or upstairs laundry room; and allwill be bailt with K. Hovnanian Homesquality construction. Base prices, whichare subject to change, are anticipatedto start from the low $200s, makingthe homes at Aspire at Deer Ridge anaffordable choice for first-time buyersfor these situationsAnother popular design element fortoday's owners is an open-concept layoutwhich all Aspire at Deer Ridge homeshave. In this layout, the kitchen flowsinto the adjoining dining area then intothe great room, creating a large andcomfortable space for everyday living aswell as gatherings of all sizesThe Colton is one of eight home designs being offered at Aspire at Deer RidgeK. Hovnanian Homes' newest community in Morris.landscape and decorator itemsnot included. School/districting maysubject to change. Prices subject to chanwithout notice. See a Sales Consultantfull details. Equal Housing OpportunityABOUT HOVNANIAN ENTERPRISESelegance throughout the home. Optionssuch as ceiling treatments in the owner'ssuite, decorative arches, covered porches,patios, and additional windows allow newhomeowners to personalize their plans.Outside, not only are homesites generouslysized, homes present classic architecturethat complements the area.This is an excellent opportunity foranyone just starting out to experience thecountless benefits of homeownership, andspecifically new construction," said AndyKonovodoff. president of K. HovnanianDevelopments of Illinois, Inc.Some of those benefits are energy-efficientconstruction that helps keep heatingand cooling costs in check, the abilityto personalize plans so they perfectlysuit the owner's tastes, and designs thatcomplement the modern lifestyle. Forexample, select plans at Aspire at DeerRidge will feature the Extra Suite by KHovnanian Homes. Created to meet theneeds of multigenerational households"In most households, the kitchen becomesthe hub of activity" said Konovodoff. That'swhy K. Hovnanian Homes pays specialattention to the functionality of this space,offering practical features such as locallycrafted oak cabinets and generous pantriesthat provide plenty of storage along withHovnanian Enterprises, Inc., foundedin 1959 by Kevork S. Hovnanian, isheadquartered in Matawan, New Jerseand, through its subsidiaries, is oneof the nations largest homebuilderswith operations in Arizona, California,Delaware, Florida, Georgia, Illinois,Maryland. New Jersey, Ohio, PennsylvaSouth Carolina, Texas, Virginia,Washington, D.C. and West VirginiaThe Company's homes are marketedand sold under the trade names KDowntown Morris is only a few miles fromAspire at Deer Ridge. The site of villageevents such as the annual Morris CornFestival, Dulcimer Festival, 3 French HensCountry Market, Morris Cruise Nightand the Holiday Parade-the historicdowntown also offers local and nationalcenter islands for easy meal prep.Owner's suites are a comfy place to relaxand unwind with adjoining baths for evenmore privacy. Spacious walk-in closetsaccommodate even large wardrobes withchain restaurants along with convenienceand grocery storeseaseFine finishes like designer lighting andbrushed nickel fixtures add a touch ofNearby are Gebhard Woods State Parkand Chapin Park as well as the IllinoisRiver-all offering a multitude of outdoorrecreational opportunitiesHovnanian Homes and Brighton HomeAdditionally, the Company's subsidiarieas developers of K. Hovnanian's FourSeasons communities, make the Compaone of the nation's largest builders ofalifestyle communitiesChildren living at Aspire at Deer Ridgewill attend Saratoga Central ConsolidatedSchool District 60c and MorrisCommunity High School District 101Additional information on HovnanianAspire at Deer Ridge is located on the eastside of Ashton Road, south of Interstate 80 Enterprises, Inc., including a summaryand north of U.S. Hwy, 6. To preview hom through the "Investor Relations" sectiondesigns and join the interest list, visitwww.khov.com/AspireAtDeerRidge or call the Company website at https://www.kl888-546-8466 for more details.investment profile, can be accessedcom. To be added to Hovnanian's invese-mail or fax lists, please send an e-mato IR@khov.com or sign up at https/Aspire at Deer Ridge is offered by K.Hovnanian at Deer Ridge, LLC. Artistrendering: illustrative purposes only. Aldimensions are approximate. Features andoptions may vary. Unless stated hardscape,www.khov.comThe Elwood's chef-friendly kitchen is a gathering spot for daily activity and entertaining.MCLENN K. Hovnanian Homes Announces At Deer Ridge In Morris Aspire K. Hovnanian Homes has announced its newest community, Aspire at Deer Ridge in Morris, will open this fall. Home shoppers can learn more about the property now and join the interest list to receive up to-the-minute information at www.khov.com/AspireAtDeerRidge. this design element features a private suite on the first floor with a spacious bedroom and bath that is ideal for aging parents moving in with their children, adult children moving back home, adult children with special needs, or relatives visiting for an extended period of time. Aspire at Deer Ridge will feature K. Hovnanian Homes' new series of value- "Multigenerational households have become more common in recent years as college graduates move back in with their parents to save while paying back student loans" said Konovodoff. "On the other end conscious designs. Both ranch and two-story layouts will be available for the 53 single family homes. The eight home designs offer 1,780 to 3,243 square feet of living space, two to four bedrooms, 1-1/2 to 2-1/2 baths, and attached two- or three- of the spectrum, Baby Boomers are living longer than ever and are being welcomed into the homes of their adult children rather than moving to senior living car garages communities. The Extra Suite was created Depending on the plan selected, homes also may have a loft. office, formal living room, or upstairs laundry room; and all will be bailt with K. Hovnanian Homes quality construction. Base prices, which are subject to change, are anticipated to start from the low $200s, making the homes at Aspire at Deer Ridge an affordable choice for first-time buyers for these situations Another popular design element for today's owners is an open-concept layout which all Aspire at Deer Ridge homes have. In this layout, the kitchen flows into the adjoining dining area then into the great room, creating a large and comfortable space for everyday living as well as gatherings of all sizes The Colton is one of eight home designs being offered at Aspire at Deer Ridge K. Hovnanian Homes' newest community in Morris. landscape and decorator items not included. School/districting may subject to change. Prices subject to chan without notice. See a Sales Consultant full details. Equal Housing Opportunity ABOUT HOVNANIAN ENTERPRISES elegance throughout the home. Options such as ceiling treatments in the owner's suite, decorative arches, covered porches, patios, and additional windows allow new homeowners to personalize their plans. Outside, not only are homesites generously sized, homes present classic architecture that complements the area. This is an excellent opportunity for anyone just starting out to experience the countless benefits of homeownership, and specifically new construction," said Andy Konovodoff. president of K. Hovnanian Developments of Illinois, Inc. Some of those benefits are energy-efficient construction that helps keep heating and cooling costs in check, the ability to personalize plans so they perfectly suit the owner's tastes, and designs that complement the modern lifestyle. For example, select plans at Aspire at Deer Ridge will feature the Extra Suite by K Hovnanian Homes. Created to meet the needs of multigenerational households "In most households, the kitchen becomes the hub of activity" said Konovodoff. That's why K. Hovnanian Homes pays special attention to the functionality of this space, offering practical features such as locally crafted oak cabinets and generous pantries that provide plenty of storage along with Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jerse and, through its subsidiaries, is one of the nations largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland. New Jersey, Ohio, Pennsylva South Carolina, Texas, Virginia, Washington, D.C. and West Virginia The Company's homes are marketed and sold under the trade names K Downtown Morris is only a few miles from Aspire at Deer Ridge. The site of village events such as the annual Morris Corn Festival, Dulcimer Festival, 3 French Hens Country Market, Morris Cruise Night and the Holiday Parade-the historic downtown also offers local and national center islands for easy meal prep. Owner's suites are a comfy place to relax and unwind with adjoining baths for even more privacy. Spacious walk-in closets accommodate even large wardrobes with chain restaurants along with convenience and grocery stores ease Fine finishes like designer lighting and brushed nickel fixtures add a touch of Nearby are Gebhard Woods State Park and Chapin Park as well as the Illinois River-all offering a multitude of outdoor recreational opportunities Hovnanian Homes and Brighton Home Additionally, the Company's subsidiarie as developers of K. Hovnanian's Four Seasons communities, make the Compa one of the nation's largest builders ofa lifestyle communities Children living at Aspire at Deer Ridge will attend Saratoga Central Consolidated School District 60c and Morris Community High School District 101 Additional information on Hovnanian Aspire at Deer Ridge is located on the east side of Ashton Road, south of Interstate 80 Enterprises, Inc., including a summary and north of U.S. Hwy, 6. To preview hom through the "Investor Relations" section designs and join the interest list, visit www.khov.com/AspireAtDeerRidge or call the Company website at https://www.kl 888-546-8466 for more details. investment profile, can be accessed com. To be added to Hovnanian's inves e-mail or fax lists, please send an e-ma to IR@khov.com or sign up at https/ Aspire at Deer Ridge is offered by K. Hovnanian at Deer Ridge, LLC. Artist rendering: illustrative purposes only. Al dimensions are approximate. Features and options may vary. Unless stated hardscape, www.khov.com The Elwood's chef-friendly kitchen is a gathering spot for daily activity and entertaining. MCLENN

Date: October 2, 2019

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K. Hovnanian Homes Announces At Deer Ridge In Morris Aspire K. Hovnanian Homes has announced its newest community, Aspire at Deer Ridge in Morris, will open this fall. Home shoppers can learn more about the property now and join the interest list to receive up to-the-minute information at www.khov.com/AspireAtDeerRidge. this design element features a private suite on the first floor with a spacious bedroom and bath that is ideal for aging parents moving in with their children, adult children moving back home, adult children with special needs, or relatives visiting for an extended period of time. Aspire at Deer Ridge will feature K. Hovnanian Homes' new series of value- "Multigenerational households have become more common in recent years as college graduates move back in with their parents to save while paying back student loans" said Konovodoff. "On the other end conscious designs. Both ranch and two-story layouts will be available for the 53 single family homes. The eight home designs offer 1,780 to 3,243 square feet of living space, two to four bedrooms, 1-1/2 to 2-1/2 baths, and attached two- or three- of the spectrum, Baby Boomers are living longer than ever and are being welcomed into the homes of their adult children rather than moving to senior living car garages communities. The Extra Suite was created Depending on the plan selected, homes also may have a loft. office, formal living room, or upstairs laundry room; and all will be bailt with K. Hovnanian Homes quality construction. Base prices, which are subject to change, are anticipated to start from the low $200s, making the homes at Aspire at Deer Ridge an affordable choice for first-time buyers for these situations Another popular design element for today's owners is an open-concept layout which all Aspire at Deer Ridge homes have. In this layout, the kitchen flows into the adjoining dining area then into the great room, creating a large and comfortable space for everyday living as well as gatherings of all sizes The Colton is one of eight home designs being offered at Aspire at Deer Ridge K. Hovnanian Homes' newest community in Morris. landscape and decorator items not included. School/districting may subject to change. Prices subject to chan without notice. See a Sales Consultant full details. Equal Housing Opportunity ABOUT HOVNANIAN ENTERPRISES elegance throughout the home. Options such as ceiling treatments in the owner's suite, decorative arches, covered porches, patios, and additional windows allow new homeowners to personalize their plans. Outside, not only are homesites generously sized, homes present classic architecture that complements the area. This is an excellent opportunity for anyone just starting out to experience the countless benefits of homeownership, and specifically new construction," said Andy Konovodoff. president of K. Hovnanian Developments of Illinois, Inc. Some of those benefits are energy-efficient construction that helps keep heating and cooling costs in check, the ability to personalize plans so they perfectly suit the owner's tastes, and designs that complement the modern lifestyle. For example, select plans at Aspire at Deer Ridge will feature the Extra Suite by K Hovnanian Homes. Created to meet the needs of multigenerational households "In most households, the kitchen becomes the hub of activity" said Konovodoff. That's why K. Hovnanian Homes pays special attention to the functionality of this space, offering practical features such as locally crafted oak cabinets and generous pantries that provide plenty of storage along with Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jerse and, through its subsidiaries, is one of the nations largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland. New Jersey, Ohio, Pennsylva South Carolina, Texas, Virginia, Washington, D.C. and West Virginia The Company's homes are marketed and sold under the trade names K Downtown Morris is only a few miles from Aspire at Deer Ridge. The site of village events such as the annual Morris Corn Festival, Dulcimer Festival, 3 French Hens Country Market, Morris Cruise Night and the Holiday Parade-the historic downtown also offers local and national center islands for easy meal prep. Owner's suites are a comfy place to relax and unwind with adjoining baths for even more privacy. Spacious walk-in closets accommodate even large wardrobes with chain restaurants along with convenience and grocery stores ease Fine finishes like designer lighting and brushed nickel fixtures add a touch of Nearby are Gebhard Woods State Park and Chapin Park as well as the Illinois River-all offering a multitude of outdoor recreational opportunities Hovnanian Homes and Brighton Home Additionally, the Company's subsidiarie as developers of K. Hovnanian's Four Seasons communities, make the Compa one of the nation's largest builders ofa lifestyle communities Children living at Aspire at Deer Ridge will attend Saratoga Central Consolidated School District 60c and Morris Community High School District 101 Additional information on Hovnanian Aspire at Deer Ridge is located on the east side of Ashton Road, south of Interstate 80 Enterprises, Inc., including a summary and north of U.S. Hwy, 6. To preview hom through the "Investor Relations" section designs and join the interest list, visit www.khov.com/AspireAtDeerRidge or call the Company website at https://www.kl 888-546-8466 for more details. investment profile, can be accessed com. To be added to Hovnanian's inves e-mail or fax lists, please send an e-ma to IR@khov.com or sign up at https/ Aspire at Deer Ridge is offered by K. Hovnanian at Deer Ridge, LLC. Artist rendering: illustrative purposes only. Al dimensions are approximate. Features and options may vary. Unless stated hardscape, www.khov.com The Elwood's chef-friendly kitchen is a gathering spot for daily activity and entertaining. MCLENN K. Hovnanian Homes Announces At Deer Ridge In Morris Aspire K. Hovnanian Homes has announced its newest community, Aspire at Deer Ridge in Morris, will open this fall. Home shoppers can learn more about the property now and join the interest list to receive up to-the-minute information at www.khov.com/AspireAtDeerRidge. this design element features a private suite on the first floor with a spacious bedroom and bath that is ideal for aging parents moving in with their children, adult children moving back home, adult children with special needs, or relatives visiting for an extended period of time. Aspire at Deer Ridge will feature K. Hovnanian Homes' new series of value- "Multigenerational households have become more common in recent years as college graduates move back in with their parents to save while paying back student loans" said Konovodoff. "On the other end conscious designs. Both ranch and two-story layouts will be available for the 53 single family homes. The eight home designs offer 1,780 to 3,243 square feet of living space, two to four bedrooms, 1-1/2 to 2-1/2 baths, and attached two- or three- of the spectrum, Baby Boomers are living longer than ever and are being welcomed into the homes of their adult children rather than moving to senior living car garages communities. The Extra Suite was created Depending on the plan selected, homes also may have a loft. office, formal living room, or upstairs laundry room; and all will be bailt with K. Hovnanian Homes quality construction. Base prices, which are subject to change, are anticipated to start from the low $200s, making the homes at Aspire at Deer Ridge an affordable choice for first-time buyers for these situations Another popular design element for today's owners is an open-concept layout which all Aspire at Deer Ridge homes have. In this layout, the kitchen flows into the adjoining dining area then into the great room, creating a large and comfortable space for everyday living as well as gatherings of all sizes The Colton is one of eight home designs being offered at Aspire at Deer Ridge K. Hovnanian Homes' newest community in Morris. landscape and decorator items not included. School/districting may subject to change. Prices subject to chan without notice. See a Sales Consultant full details. Equal Housing Opportunity ABOUT HOVNANIAN ENTERPRISES elegance throughout the home. Options such as ceiling treatments in the owner's suite, decorative arches, covered porches, patios, and additional windows allow new homeowners to personalize their plans. Outside, not only are homesites generously sized, homes present classic architecture that complements the area. This is an excellent opportunity for anyone just starting out to experience the countless benefits of homeownership, and specifically new construction," said Andy Konovodoff. president of K. Hovnanian Developments of Illinois, Inc. Some of those benefits are energy-efficient construction that helps keep heating and cooling costs in check, the ability to personalize plans so they perfectly suit the owner's tastes, and designs that complement the modern lifestyle. For example, select plans at Aspire at Deer Ridge will feature the Extra Suite by K Hovnanian Homes. Created to meet the needs of multigenerational households "In most households, the kitchen becomes the hub of activity" said Konovodoff. That's why K. Hovnanian Homes pays special attention to the functionality of this space, offering practical features such as locally crafted oak cabinets and generous pantries that provide plenty of storage along with Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jerse and, through its subsidiaries, is one of the nations largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland. New Jersey, Ohio, Pennsylva South Carolina, Texas, Virginia, Washington, D.C. and West Virginia The Company's homes are marketed and sold under the trade names K Downtown Morris is only a few miles from Aspire at Deer Ridge. The site of village events such as the annual Morris Corn Festival, Dulcimer Festival, 3 French Hens Country Market, Morris Cruise Night and the Holiday Parade-the historic downtown also offers local and national center islands for easy meal prep. Owner's suites are a comfy place to relax and unwind with adjoining baths for even more privacy. Spacious walk-in closets accommodate even large wardrobes with chain restaurants along with convenience and grocery stores ease Fine finishes like designer lighting and brushed nickel fixtures add a touch of Nearby are Gebhard Woods State Park and Chapin Park as well as the Illinois River-all offering a multitude of outdoor recreational opportunities Hovnanian Homes and Brighton Home Additionally, the Company's subsidiarie as developers of K. Hovnanian's Four Seasons communities, make the Compa one of the nation's largest builders ofa lifestyle communities Children living at Aspire at Deer Ridge will attend Saratoga Central Consolidated School District 60c and Morris Community High School District 101 Additional information on Hovnanian Aspire at Deer Ridge is located on the east side of Ashton Road, south of Interstate 80 Enterprises, Inc., including a summary and north of U.S. Hwy, 6. To preview hom through the "Investor Relations" section designs and join the interest list, visit www.khov.com/AspireAtDeerRidge or call the Company website at https://www.kl 888-546-8466 for more details. investment profile, can be accessed com. To be added to Hovnanian's inves e-mail or fax lists, please send an e-ma to IR@khov.com or sign up at https/ Aspire at Deer Ridge is offered by K. Hovnanian at Deer Ridge, LLC. Artist rendering: illustrative purposes only. Al dimensions are approximate. Features and options may vary. Unless stated hardscape, www.khov.com The Elwood's chef-friendly kitchen is a gathering spot for daily activity and entertaining. MCLENN

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