K. Hovnanian Homes Closes Escrow on a Single Family Detached Home Development in Carlsbad, CA

ONTARIO, Calif., March 25 /PRNewswire/ -- Nationally respected Hovnanian Enterprises, Inc. announced that subsidiary, K. Hovnanian Homes, closed escrow on a 5.12 acre single family detached home development less than a mile from Carlsbad State Beach in Carlsbad, CA.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100325/LA77152)

Located just east of the I-5 Freeway, the development was previously owned by a trust represented by US Bank. Details of the transaction have not been disclosed.

Within walking distance to the beach, this new community will meet the demand for new home opportunities closer to the coast, a commodity that is currently difficult to find in Carlsbad. The 5,000 square foot lots will provide low maintenance detached living near the shore, with many of the home sites enhanced by ocean views. Close proximity to employment, entertainment, local and high end retail, recreation and famous resorts and spas add to the desirability of this development's location. The Carlsbad Unified School District proffers high performance schools of all levels to future residents.

"We are very excited to develop a new home community that will create a causal seaside lifestyle where residents can walk to their favorite restaurants and stores or take a sunset stroll down to the beach. It's the new home package that people with the goal of moving up have been waiting for in Carlsbad," said Wally Miller, Area President for K. Hovnanian Homes.

Scheduled to open Spring of 2011, the development will offer four, two-story floor plans with one plan featuring single-story living space with a second floor loft. Home designs will showcase up to approximately 2,978 square feet. Pricing has yet to be determined.

To register your name on the interest list, or for more information on K. Hovnanian's Southern California communities, visit www.khov.com/socal.

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Red Bank, New Jersey. The Company is the nation's sixth largest homebuilder with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and 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, Oster Homes, First Home Builders of Florida and CraftBuilt 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.

SOURCE Hovnanian Enterprises, Inc.