KB Home to Offer New Homes in Palm Coast

  KB Home to Offer New Homes in Palm Coast

Built to Order builder purchases lots in new master plan community and plans
to break ground later this month

Business Wire

PALM COAST, Fla. -- November 13, 2012

KB Home (NYSE:KBH), one of the nation’s largest and most recognized
homebuilders, today announced that it has acquired select lots in a new master
plan community development in Palm Coast. The builder, distinguished by its
Built to Order approach, plans to begin model home construction at the
community site, to be called Grand Landings, later this month.

“We’re excited to introduce our newest Built to Order floor plans to
homebuyers in the Palm Coast market,” said Vince DePorre, regional president
of KB Home. “Grand Landings is in a particularly appealing location, near the
Palm Coast Town Center, less than 10 minutes from Flagler Beach and served by
highly-rated schools. This is a wonderful place to live and a wonderful place
to do what we do best—deliver customized new homes that are also among the
most energy-efficient available today.”

The KB Home lots are part of the first phase of development of an all-new
master plan community. KB Home will offer a variety of one- and two-story
floor plans with up to five bedrooms and three-and-a-half baths, which can be
“built to order” on the lots. Built to Order means that homebuyers can choose
their lot location, the floor plan that goes on it and many of the design
features included in it in order to get their new home built just the way they
want it.

Model home construction at Grand Landings is scheduled to start later this
month, with the grand opening to home shoppers projected for early 2013.
Pricing on the new KB homes is expected to start in the $150,000s. For more
information, and to join an interest list for Grand Landings in Palm Coast,
call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in
the United States. Since its founding in 1957, the company has built more than
half a million quality homes. KB Home's signature Built to Order™ approach
lets each buyer customize their new home from lot location to floor plan and
design features. In addition to meeting strict ENERGY STAR® guidelines, all KB
homes are highly energy efficient to help lower monthly utility costs for
homeowners, which the company demonstrates with its proprietary KB Home Energy
Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable
building practices, KB Home was named the #1 Green Homebuilder in the most
recent study by Calvert Investments and the #1 Homebuilder on FORTUNE
magazine's 2011 World's Most Admired Companies list. Los Angeles-based KB Home
was the first homebuilder listed on the New York Stock Exchange, and trades
under the ticker symbol "KBH." For more information about KB Home's new home
communities, call 888-KB-HOMES or visit www.kbhome.com.


KB Home
Cara Kane, 321-299-6844
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