KB Homeowners to Get “Wiser” about Energy Use and New Home Functionality

  KB Homeowners to Get “Wiser” about Energy Use and New Home Functionality

KB Home now including energy monitoring systems with ‘smart’ home capabilities
as a standard feature with all its new homes

Business Wire

LOS ANGELES -- June 18, 2013

KB Home (NYSE: KBH) today announced that all of its new homes will now include
a Wiser™ home management system from supplier partner Schneider Electric. The
system will allow homeowners to track their home’s energy consumption, in
real-time, from practically anywhere. A web-based portal, accessible from
mobile devices and home computers, will show homeowners their daily energy
usage in both dollars and kilowatts, with the ability to look at the data on
an hourly basis. The standard system is also the base of a platform that can
be enhanced to include home automation features such as remote door, lighting,
thermostat and security system operations, making all new KB homes wired and
ready for the 21^st century.

“Similar to the way in which the dashboard of a car provides the driver with
real-time information about the performance of their vehicle, the Wiser home
management system provides our homeowners with information about their home’s
performance through real-time monitoring of their energy usage. This empowers
our homeowners to reduce their energy consumption and make the most of their
highly energy-efficient new KB home,” said Jeffrey Mezger, president and chief
executive officer of KB Home. “This system is also a sign of our times. Not
only do consumers want ‘smart’ phones, they want ‘smart’ homes as well. By
including the Wiser home management system in all of our new homes, we are
equipping them to be some of the most intelligent homes out there.”

The introduction of the Wiser home management system as a standard feature of
KB homes is the builder’s latest in a series of continual improvements to its
new homes in the area of energy efficiency. All KB homes are ENERGY STAR®
certified and include WaterSense labeled fixtures as well as other
environmentally-conscious features such as low-VOC paint, programmable
thermostats and low-E windows.

The Wiser home management system enables homeowners to become more aware of
their home’s energy consumption and then maximize their home’s energy
efficiency by reducing or shifting energy use during peak times. This
increased awareness, coupled with behavior shifts can help KB homeowners fully
realize a lower total cost of homeownership in their energy and water
efficient KB home.

KB Home is the first builder to include the Wiser home management system in
its new homes and will also offer additional options to further enhance the
system at its KB Home Design Studio. Homebuyers can choose to add items like
smart plugs that allow them to monitor and control energy consumption of
single items, like appliances or computers. All these features and
functionalities can be accessed and controlled by KB homeowners via a free
Wiser app available for iPhone, iPad and Android. They can also choose to
upgrade to a Wiser thermostat that can be linked to the system to control the
thermostat remotely. Other options available thanks to Schneider Electric’s
partnership with Alarm.com include home automation features like remote light
and security system controls.

“At Schneider Electric we’re focused on helping create products and solutions
for more efficient homes and buildings to help customers save money and meet
sustainability goals,” said Chris Curtis, president and chief executive
officer for Schneider Electric’s North America Operations. “Wiser is like
cruise control for energy, providing easy access to household energy
consumption and costs, while allowing users to actively manage and reduce
energy to improve the efficiency of their home. We are thrilled to work with
KB Home, a true leader in the development of innovative, high quality homes
that meet and exceed customer needs.”

The Wiser home management system will now be included in all new KB homes and
is on-display at all communities nationwide. To find the KB Home community
nearest you, visit 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.

About Schneider Electric

As a global specialist in energy management with operations in more than 100
countries, Schneider Electric offers integrated solutions across multiple
market segments, including leadership positions in Utilities & Infrastructure,
Industries & Machines Manufacturers, Non-residential Building, Data Centers &
Networks and in Residential. Focused on making energy safe, reliable,
efficient, productive and green, the company's 140,000 plus employees achieved
sales of 30.8 billion US dollars (24 billion euros) in 2012, through an active
commitment to help individuals and organizations make the most of their
energy.
www.schneider-electric.com

Contact:

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