Hovnanian Enterprises Announces 34% Increase in Dollar Value of Net Contracts for the Month of September 2004

RED BANK, N.J., Oct. 5 /PRNewswire-FirstCall/ -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced today preliminary net contracts for the month of September 2004. The number of active selling communities company-wide on September 30, 2004 increased to 277 communities from 256 communities at the end of September 2003.

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