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Press release from Business Wire

KB Home's “Vicino” Receives Warm Welcome in San Jose

<p> <b>Builder's newest community in the Bay Area epitomizes the phrase “Location, location, location”</b> </p>

Tuesday, October 23, 2012

KB Home's “Vicino” Receives Warm Welcome in San Jose11:00 EDT Tuesday, October 23, 2012 SAN JOSE, Calif. (Business Wire) -- KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, is celebrating the grand opening of Vicino, a new townhome-style condominium community located just steps from Santana Row in the heart of San Jose. Designed for today's urban buyer, Vicino (pronounced va-CHEE-no) offers convenient city living close to San Jose's shopping, dining, nightlife and culture, as well as to the area's major Silicon Valley employers. In the first weeks since Vicino opened to the public, nearly 20 new residences in the community have already been purchased, with the first homeowners scheduled to move in by mid-November. KB Home's Vicino is a new community of townhome-style condominiums located just steps away from Santana Row in the heart of San Jose, Calif. Just weeks since opening, nearly 20 new residences have already been sold. (Photo: Business Wire) “We are excited to bring this unique homeownership opportunity to the Bay Area,” said Chris Apostolopoulos, president of KB Home's Northern California division. “Vicino is a vibrant new community that puts the best of San Jose at your fingertips. Residents can enjoy the benefits of being within walking distance to the city's premier shopping complex, a short distance from downtown and a few miles from work, all while still being able to retreat to the privacy of their own home.” Vicino's contemporary, low maintenance living is close to all of San Jose's main attractions. Convenient to I-880 and I-280, Vicino is one of San Jose's most accessible residential locations. The two- and three-story residences at Vicino range in size from 1,507 to 1,793 square feet, and include up to four bedrooms, four baths and a two-car garage. Pricing at KB Home's Vicino starts from the $700,000s. Like all KB homes built in the Bay Area, the homes at Vicino are ENERGY STAR® and GreenPoint rated, meaning these homes are equipped with energy- and water-saving features that make them significantly more energy efficient than typical new or resale homes, with the potential to save homeowners money on monthly energy expenses. KB Home will include its Energy Performance Guide™ or EPG™, which provides an estimate of monthly heating and cooling costs, with all of the homes at Vicino. To promote a more sustainable way of living, KB Home's Vicino includes multiple community vegetable gardens for homeowners to enjoy together. Residents at Vicino will also have access to outdoor dining areas with seating and barbeque pits, providing a sense of community while allowing homeowners more space to entertain beyond the walls of their own home. In addition, KB Home is utilizing the latest technology to assist buyers with the purchase of their very own Built to Order™ home. At Vicino, design tools are at each buyer's fingertips through LCD touch screens, which complement hands-on model and community walkthroughs to provide an in-depth interactive buying experience. With this state-of-the-art LCD system, KB homebuyers can virtually design their floor plan, select studio design options, arrange furniture placement, and can store their newly created dream home on their personal electronic MyKB account or email it to themselves or to family and friends. Vicino's sales office and luxurious model homes are located at 501 South Monroe Street, San Jose, CA 95128 and are open from 10 a.m. to 7 p.m. daily. For more information about Vicino and other KB Home communities in Northern California, call 888-KB-HOMES or visit www.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. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50450264&lang=en KB HomeCraig LeMessurier, 925-983-4509clemessurier@kbhome.com