KB Home to Offer New Homes in Converse

  KB Home to Offer New Homes in Converse

Built to Order™ builder purchases lots and land in Copperfield and plans to
begin model home construction immediately

Business Wire

SAN ANTONIO -- December 05, 2012

KB Home (NYSE: KBH), one of the nation’s largest and most recognized
homebuilders, today announced that it has acquired select finished lots and
undeveloped land in Copperfield, an existing community in Converse. The
builder, distinguished by its Built to Order™ approach, plans to begin model
home construction immediately at the community site.

“Copperfield is in a particularly appealing location on Loop 1604, less than
10 minutes from Randolph Air Force Base and served by highly-rated schools,”
said Brett Dietz, president of KB Home’s San Antonio division. “This is a
wonderful place to live and a wonderful place to do what we do best—deliver
customized Built to Order new homes that are also among the most
energy-efficient available today.”

KB Home has purchased 45 finished lots and approximately 160 undeveloped lots
which are part of the first phase of development of the community. KB Home
will offer a variety of one- and two-story floor plans ranging from 1,582 to
3,728 square feet, which will be “built to order.” Built to Order means that
homebuyers can choose their lot location, the floor plan that goes on the lot
and many of interior and exterior design features in order to get their new
home built just the way they want it.

As with all new KB homes, the new homes at Copperfield will be ENERGY STAR
qualified and also certified by Build San Antonio Green® (BSAG). KB Home will
be the first new home production builder in Converse to construct homes to
BSAG’s standards. BSAG’s standards are designed to help ensure a higher
performing home that is at least 15% more energy efficient than standard
municipal code requirements and that offers a more healthful indoor air
environment than the average San Antonio-area home.

“The city of Converse is one of the fastest growing, family-oriented
communities in Northeast Bexar County,” said Al Suarez, Mayor of Converse. “We
are proud that KB Home is committed to building their ENERGY STAR and Build
San Antonio Green certified homes in Copperfield and welcome them to the
Converse family.”

Model home construction at Copperfield is scheduled to start later this week,
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 Copperfield in Converse, 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
Cathy Teague, 210-415-6670
cteague@kbhome.com