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Press release from Business Wire

KB Home Publishes Sixth Annual Sustainability Report

<p> <b>In celebration of Earth Day, KB Home provides update on sustainability initiatives and sets new goals for 2013</b> </p>

Monday, April 22, 2013

KB Home Publishes Sixth Annual Sustainability Report

08:00 EDT Monday, April 22, 2013

LOS ANGELES (Business Wire) -- KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today released its sixth annual Sustainability Report, available exclusively at www.kbhome.com/sustainability. KB Home is the only national homebuilder to publish a comprehensive annual sustainability report and has been doing so since 2008.

The latest report provides highlights from and results of KB Home's sustainability initiatives and activities throughout the year including achievements like delivering the company's 1,000th solar home, opening new ZeroHouse 2.0 model homes, and introducing new water-efficient standard products. It also provides a look forward with goals set for the coming year in the homebuilder's four key areas of focus: Energy Efficiency and Building Science Innovation, Water Efficiency and Conservation, Consumer Benefits and Awareness, and Waste Reduction.

“KB Home is proud to issue our sixth Sustainability Report on Earth Day 2013,” said Jeffrey Mezger, president and chief executive officer of KB Home. “As we have made a conscious effort to make our homes better for the benefit of both our planet and our homebuyers, every day at KB Home is Earth Day. The energy- and water-efficient homes we are building today in all of our communities nationwide have tremendous money- and resource-saving advantages that our homebuyers can enjoy for years to come.”

Details of KB Home's sustainability goals, achievements and challenges can be found in the 2012 KB Home Sustainability Report, which can now be accessed on the company's website at www.kbhome.com/sustainability. In developing the report, KB Home once again followed the Global Reporting Initiative Guidelines, which provide a widely recognized level of accountability and transparency, and are considered by many environmental experts to be the current international standard for sustainability reporting.

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 Home
Martha Swanson, 310-231-4130
mswanson@kbhome.com

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