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Exhibit Number Exhibit
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99.1 Press Release dated September 20, 2000
Press Release
September 20, 2000 Red Bank, New Jersey -- Hovnanian
Enterprises, Inc. (AMEX:HOV) today announced that it plans
to offer $150 million of senior notes due 2007, through a
private placement to qualified institutional buyers. The
notes will not be registered under the Securities Act and
may not be offered or sold in the United States without
registration or an applicable exemption from the
registration requirements under the Act.
Hovnanian Enterprises, Inc. designs, constructs and markets
single-family homes, townhomes and condominiums in planned
residential communities in New Jersey, North Carolina,
Pennsylvania, Virginia, Maryland, New York, California,
Texas and Florida in the United States, and in Poland.
