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Press release from Business Wire

KB Home to Offer New Homes in Palm Coast

<p> <b>Built to Order builder purchases lots in new master plan community and plans to break ground later this month</b> </p>

Tuesday, November 13, 2012

KB Home to Offer New Homes in Palm Coast08:00 EST Tuesday, November 13, 2012 PALM COAST, Fla. (Business Wire) -- KB Home (NYSE:KBH), one of the nation's largest and most recognized homebuilders, today announced that it has acquired select lots in a new master plan community development in Palm Coast. The builder, distinguished by its Built to Order approach, plans to begin model home construction at the community site, to be called Grand Landings, later this month. “We're excited to introduce our newest Built to Order floor plans to homebuyers in the Palm Coast market,” said Vince DePorre, regional president of KB Home. “Grand Landings is in a particularly appealing location, near the Palm Coast Town Center, less than 10 minutes from Flagler Beach and served by highly-rated schools. This is a wonderful place to live and a wonderful place to do what we do best—deliver customized new homes that are also among the most energy-efficient available today.” The KB Home lots are part of the first phase of development of an all-new master plan community. KB Home will offer a variety of one- and two-story floor plans with up to five bedrooms and three-and-a-half baths, which can be “built to order” on the lots. Built to Order means that 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. Model home construction at Grand Landings is scheduled to start later this month, 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 Grand Landings in Palm Coast, 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. KB HomeCara Kane, 321-299-6844ckane@kbhome.com