KB Home Purchases Land for New Community in Katy

  KB Home Purchases Land for New Community in Katy

Built to Order builder unveils plans for new community within Katy ISD

Business Wire

HOUSTON -- November 30, 2012

KB Home (NYSE: KBH), one of the nation’s largest and most recognized
homebuilders, today announced that it has acquired a 103 acre parcel of land
in Katy, Texas, a western suburb of Houston. The builder, distinguished by its
Built to Order™ approach, will begin construction on model homes at the site,
located off the Katy Freeway approximately one and a half miles west of FM
1463, early next year.

“We’re enthusiastic about continuing to be an active member of the Katy
community and announcing our plans to bring more Built to Order home choices
to buyers in one of the most desirable submarkets of Houston,” said Jim
Widner, regional president of KB Home. “Our past successes in the area have
shown us that homebuyers value Katy’s great appeal, including its highly-rated
schools and proximity to premier shopping and dining.”

KB Home’s acquisition allows the homebuilder to add to its growing collection
of new home communities in Katy. KB Home is currently selling new homes in
four communities in the city. Plans for this most recent acquisition include
construction of approximately 275 Built to Order single family homes ranging
in size from 2,000 to 4,000 square feet.

With Built to Order, 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. KB Home’s newest Katy
community will also include a recreation center with a resort-style pool,
neighborhood parks and walking trails for residents’ enjoyment.

For more information about all of KB Home’s communities in the Houston area,
including Katy, 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.

Contact:

KB Home
Cara Kane
321-299-6844
ckane@kbhome.com
 
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