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Press release from Business Wire

KB Home is ‘Coming up Roses' in Roseville

<p> <b>National builder announces its latest land acquisition in the highly-desirable Sacramento submarket</b> </p>

Tuesday, July 16, 2013

KB Home is ‘Coming up Roses' in Roseville

11:00 EDT Tuesday, July 16, 2013

ROSEVILLE, Calif. (Business Wire) -- KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today announced that it has acquired more than 300 lots within the WestPark master-planned community in Roseville for a new collection of Built to Order™ homes. Development of the site will begin in the coming months, with an anticipated grand opening scheduled for early 2014.

KB Home has enjoyed many years of success in Roseville, where it recently released for sale the model homes at its Valley Meadows at Fiddyment Farm community, with only one such home now remaining available for purchase. It is also where the builder opened a new community called Garden Grove, in early April. The builder is actively selling new homes at eight locations throughout Sacramento and the Central Valley, with plans for future growth.

“We are very excited to continue to expand our presence in Roseville, where we've experienced past success and where we know homebuyer demand is high,” said Chris Cady, president of KB Home's Central California division. “Being a KB homeowner in Roseville means you can take advantage of everything the city has to offer, including highly-rated schools, close proximity to shopping, dining and entertainment at the Westfield Galleria, and a convenient commute to Downtown Sacramento, the Sierra foothills, Lake Tahoe and surrounding areas.”

KB Home is distinguished by its Built to Order homebuilding approach that empowers shoppers to make choices about their home's design and functionality. Models at KB Home communities showcase the various components that can be included in a KB home, and KB homebuyers are guided by a personal design consultant at the KB Home Studio to help them build a home that is unique to their style and taste.

“With the dynamic combination of an extremely appealing location, the ability to personalize your very own new home, peace of mind that comes with our 10-year warranty, and energy-efficient design features that can help keep utility bills low, we're confident there will be many new KB homeowners in Roseville very soon,” Cady continued.

KB Home's acquisition in WestPark includes an assortment of lot sizes which will allow the builder to offer numerous collections of home designs to appeal to a variety of buyers. KB Home plans to initially introduce two collections of new home designs, with single-story and two-story options offering up to five bedrooms, four baths, and two or three-car garages. Every new KB home is built to ENERGY STAR® certified standards and includes WaterSense labeled faucets and fixtures, which can potentially translate into significant savings for homebuyers on their monthly utility costs.

For more information about KB Home in Central California and elsewhere, or to learn more about Built to Order and KB Home's sustainability initiatives, 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.

KB Home
Craig LeMessurier
925-983-4509
clemessurier@kbhome.com

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