K Hovnanian Homes Partners With e-Builder to Launch Nationwide Planning and Entitlement System

FORT LAUDERDALE, FL -- (MARKET WIRE) -- Nov 29, 2006 -- e-Builder, a leader in web-based construction management solutions, today announced that it has partnered with K Hovnanian Homes, the 8th largest home builder in the United States, to launch a national process improvement initiative supported by this system.

K. Hovnanian has been successfully using e-Builder Enterprise™ in its Northeast Region since 2003. This led to a partnership with e-Builder to develop the specific capabilities to help improve internal processes. It is anticipated that the system, used nationwide, will provide significant strategic benefits including efficient development, reduced carrying costs, and unprecedented visibility and collaboration of projects across the entire company.

"With the start of the recent e-Builder implementation in our divisions, we look forward to improved associate communication and productivity," said Dawn Korbelak, Corporate Vice President of Product Development. "The biggest benefit is that we will now have clear visibility into potential issues that can impact our future profits -- critical information especially during the current industry adjustment. We believe that our process, facilitated by e-Builder software, represents a competitive advantage for us in this industry."

e-Builder Enterprise provides document, task, schedule and cost management in an integrated system designed for the residential development process. It benefits corporate teams with provision of status reports, and individual associates through the use of manageable work lists, automated email alerts, and notifications when changes affect their specific tasks.

About K Hovnanian Homes

Hovnanian Enterprises, Inc. was founded in 1959 by Kevork S. Hovnanian, Chairman, and is headquartered in Red Bank, New Jersey. The Company is one of the nation's largest homebuilders with operations in Arizona, California, Maryland, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. 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. http://www.khov.com

About e-Builder

Founded in 1994, e-Builder is a leading provider of on-demand project management and collaboration solutions designed to address the unique needs of the construction industry during all phases of real estate development, construction, and operations. e-Builder combines cutting edge technology and deep industry knowledge to provide thousands of owners, architects, engineers, contractors and suppliers with ways to simplify and efficiently manage the development and construction process. e-Builder is the nationally recognized pioneer of web based software to improve communication and collaboration in construction, honored in 1995 by Engineering News-Record as one of the Top 25 Newsmakers of the year. The company is headquartered in Fort Lauderdale, Florida and is backed by McGraw-Hill Construction. For more information, visit www.e-Builder.net

Product Information/Client Development 954-556-6701 Toll Free: 800-580-9322 | 
Email Contact  e-Builder Corporate Headquarters and Training Center 1800 NW 69th Avenue | Suite 201 Plantation, FL 33313 
Media Contact: Lisa Buyer 954-354-1411 x14 
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