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Press release from Business Wire

KB Home Unveils Highly-Anticipated Katy Oaks Communities

<p> <b>Katy Oaks Preserve and Katy Oaks Estates are the builder's latest Houston-area locations</b> </p>

Thursday, September 26, 2013

KB Home Unveils Highly-Anticipated Katy Oaks Communities

09:00 EDT Thursday, September 26, 2013

KATY, Texas (Business Wire) -- KB Home (NYSE: KBH), one of the nation's largest and most recognized homebuilders, today announced the eagerly-awaited release of homes for sale at two new communities, Katy Oaks Preserve and Katy Oaks Estates, located in the west Houston suburb of Katy, Texas. KB Home first publicized plans for Katy Oaks last year, and is now ready to showcase its Built to Order™ offerings at a grand opening event scheduled for Saturday, September 28.

“The excitement for our Katy Oaks communities has been building since our initial announcement last fall, and we are delighted to offer our Built to Order homes to buyers looking to own in the very desirable city of Katy,” said Jim Harrison, president of KB Home's Houston division. “Katy Oaks Preserve and Katy Oaks Estates are served by Katy's top-rated school system, and KB homeowners at these communities will be able to enjoy several first-class master-planned amenities for years to come.”

Indeed, residents at KB Home's Katy Oaks Preserve and Katy Oaks Estates have access to a community park, pavilion, lake, walking trails and playground, and can be proud to send their children to schools within Katy's renowned Independent School District.

KB Home's Katy Oaks communities are adjacent to the beautiful 76-acre Mason Creek Hike and Bike Trail, less than a mile from Katy Park, and offer convenient access to the Grand Parkway and I-10.

“KB Home's Katy Oaks communities are also just a short drive from the KB Home Studio, making it even easier for these KB homeowners to meet with KB Home's expert design consultants and help them bring their dream home to life,” Harrison continued.

Home shoppers at Katy Oaks Preserve can choose from nine one- and two-story floor plans, with square footage ranging between 1,836 to 3,204 square feet and up to five bedrooms and three baths. The KB homes at this community are distinguished by large, open great rooms that are in high demand among area homebuyers choosing a new home. Pricing here starts from the $160,000s.

Katy Oaks Estates offers one-story homes that can include up to four bedrooms, three baths, and two-car garages, with home sizes that begin at 2,598 square feet and can reach up to 3,005 square feet. Also featuring great rooms, these KB homes can be customized with Built to Order options like covered patios, extended breakfast nooks and crown molding. Homes at KB Home's Katy Oaks Estates are priced from the $200,000s.

All KB homes built at Katy Oaks Preserve and Katy Oaks Estates are ENERGY STAR® labeled and equipped with the latest in energy- and water-saving new home technology. Features like dual pane, low-E windows, increased insulation and WaterSense-labeled faucets and fixtures can all help homeowners save on monthly energy expenses, especially when compared to other new or resale homes.

For more information about KB Home's Katy Oaks communities or other Houston-area KB homes, 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
Cara Kane, 321-299-6844
ckane@kbhome.com

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