Pricing Term Sheet		Filed pursuant to Rule 433
Dated April 29, 2011		Issuer Free Writing Prospectus supplementing the
		Preliminary Prospectus Supplement
		dated April 29, 2011 and the
		Prospectus dated April 18, 2011
		Registration Statement File No. 333-173365

K. Hovnanian Enterprises, Inc.
Offering of
$12,000,000 10.625% Senior Secured Notes due 2016
guaranteed by
Hovnanian Enterprises, Inc.
(the “Senior Secured Notes Offering”)

The information in this pricing term sheet should be read together with (i) the preliminary prospectus supplement, dated April 29, 2011, relating to the Senior Secured Notes Offering (the “Preliminary Prospectus Supplement”), as filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 424(b) under the Securities Act of 1933, as amended, and (ii) the related prospectus dated April 18, 2011, included in the Registration Statement (File No. 333-173365), in each case, including the documents incorporated by reference therein. Terms used but not defined herein have the meanings assigned to such terms in the Preliminary Prospectus Supplement.

Issuer:		K. Hovnanian Enterprises, Inc. (“K. Hovnanian”)
Security Description:		Senior Secured Notes
Distribution:		SEC Registered
Face:		$12,000,000
Gross Proceeds:		$12,660,000
Net Proceeds to Issuer:		$11,560,000
Coupon:		10.625%
Maturity:		October 15, 2016
Offering Price:		105.500% plus accrued interest from April 15, 2011. The Senior Secured Notes are being issued in a “qualified reopening.” See “Certain United States Federal Tax Consequences” in the Preliminary Prospectus Supplement.
Yield to Worst:		9.091%
Spread to Treasury:		731 basis points
Benchmark:		1.250% UST due 10/31/2015
Interest Payment Dates:		April 15 and October 15
Interest Payment Record Dates:		April 1 and October 1
Commencing:		10/15/2011
Optional Redemption:		Callable, on or after the following dates, and at the following prices:

		Date		Price
		October 15, 2012		107.969%
		October 15, 2013		105.313%
		October 15, 2014		102.656%
		October 15, 2015		100.000%
		and thereafter

Equity Clawback:		Redeem until October 15, 2012 at 110.625% for up to 35%
Change of Control:		Put at 101% of principal plus accrued and unpaid interest
Pricing Date:		4/29/2011
Settlement Date:		5/4/2011 (T+3)
CUSIP:		442488BH4
ISIN:		US442488BH47
Minimum Allocation:		$2,000
Increments:		$1,000
Book-Runners:		Credit Suisse Securities (USA) LLC

Hovnanian and K. Hovnanian have filed a registration statement (including a prospectus and related preliminary prospectus supplement) with the SEC for the Senior Secured Notes Offering. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents Hovnanian has filed with the SEC for more complete information about Hovnanian and K. Hovnanian and the Senior Secured Notes Offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the Preliminary Prospectus Supplement and the accompanying prospectus may be obtained from Credit Suisse Securities (USA) LLC Prospectus Department, One Madison Avenue, New York, NY 10010 or by calling 1-800-221-1037.

This communication should be read in conjunction with the Preliminary Prospectus Supplement and the accompanying prospectus. The information in this communication supersedes the information in the Preliminary Prospectus Supplement and the accompanying prospectus to the extent inconsistent with the information in such Preliminary Prospectus Supplement and the accompanying prospectus.

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.