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KB Home Unveils Plans for New Communities in Dublin

  KB Home Unveils Plans for New Communities in Dublin

More Built to Order™ homes coming to popular Positano development

Business Wire

DUBLIN, Calif. -- January 31, 2013

KB Home (NYSE:KBH), one of the nation’s largest and most recognized
homebuilders, today announced that it has purchased land in Dublin’s
master-plan development of Positano, acquiring a total of 182 home sites for
two new communities, Fallon Ridge and The Heights at Positano. Fallon Ridge is
scheduled to grand open this spring, with The Heights at Positano expected to
open in late summer. KB Home has already enjoyed success at Positano, having
completed another community, Cantara at Positano, in 2010. It is also
currently selling its new homes at two other communities in Dublin — Amador
Pointe and Crossroads at Emerald Vista.

“Dublin is among the Bay Area’s fastest growing submarkets, and Positano is
certainly one of its residential gems,” said Chris Apostolopoulos, president
of KB Home’s Northern California division. “Given how popular our prior
offerings at Positano were with area homebuyers, we are pleased to be able to
offer our homes here again. When you consider Positano’s visually stunning
location, more than 10 acres of parks and trails, as well as its proximity to
city centers, this neighborhood is truly a haven for Bay Area homebuyers.”

KB Home’s new acquisition, situated in the sprawling hills of Dublin, is
surrounded by hundreds of acres of open space, offering scenic panoramic views
and plenty of recreational opportunities like golfing, biking and hiking, as
well as premium shopping and entertainment in nearby Pleasanton. The community
is also close to San Jose, Oakland and Berkeley, giving residents at both
Fallon Ridge and the Heights at Positano the convenience of easy access to
major employment areas.

KB Home’s Fallon Ridge will offer home shoppers a collection of two-story
single-family homes, ranging between 2,049 and 2,692 square feet, with plans
including up to five bedrooms and three baths. The Heights at Positano will
offer two-story single-family homes, ranging from 3,005 and 3,487 square feet,
with plans including up to five bedrooms and four-and-a-half bathrooms. KB
Home’s signature Built to Order home buying experience allows consumers to
personalize their new homes with interior and exterior design and décor
options to meet their unique style and taste.

Like all KB homes built in the Bay Area, the homes offered at Fallon Ridge and
The Heights at Positano will be ENERGY STAR® certified and GreenPoint rated,
meaning they are some of the most energy-efficient available today and can
help homeowners save on their monthly energy utility costs when compared to
typical resale or new homes.

To learn more about Fallon Ridge and The Heights at Positano, or other KB Home
communities in Northern California, visit www.kbhome.com or call 888-KB-HOMES.

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
Craig LeMessurier, 925-983-4509
clemessurier@kbhome.com