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Press release from Business Wire

New KB Homes Debut in Elk Grove, with Room to Grow

<p> <b>KB homes with huge homesites and large loft spaces are now available at the builder's Morningview and Amelia's Park communities</b> </p>

Friday, October 11, 2013

New KB Homes Debut in Elk Grove, with Room to Grow

11:00 EDT Friday, October 11, 2013

ELK GROVE, Calif. (Business Wire) -- KB Home (NYSE:KBH), one of the nation's largest and most recognized homebuilders, today announced the grand opening of its Amelia's Park and Morningview neighborhoods in Elk Grove, a fast-growing suburb served by top-rated schools. Conveniently located three miles east of the 99 Freeway at Calvine Road, KB Home's Amelia's Park and Morningview communities offer home shoppers the unique opportunity to own a brand new Built to Order™ KB home in one of the area's most sought-after submarkets.

The release of homes for sale at KB Home's Amelia's Park and Morningview communities follows the successful grand opening of the builder's Garden Grove collection of single-family homes earlier this year. Continuing its aggressive expansion in the region, in July, KB Home announced a major acquisition in Roseville's WestPark master-plan for a new development scheduled to open to home shoppers in spring 2014.

“We are very proud of our growth in Sacramento County this year, and are excited to deliver the American dream of homeownership to more residents at Amelia's Park and Morningview,” said Chris Cady, president of KB Home's Sacramento division. “Our Built to Order homes at both Amelia's Park and Morningview offer buyers super-sized lots and open floor plans, plus an opportunity to personalize their new home to their style, and the latest in water- and energy-saving features included to help reduce monthly utility costs.”

Distinguished by 70-foot wide homesites, the KB Home floor plans at Morningview are sized from 2,052 to 2,589 square feet, with up to five bedrooms and three-and-a-half baths. High-demand features like spacious great rooms and desirable cul-de-sac homes are also available at Morningview.

The four one- and two-story KB home designs offered at Amelia's Park range between 1,678 and 2,570 square feet, and can be built with up to five bedrooms and three-and-a-half baths. Like the KB homes at Morningview, the flexible floor plans offered at Amelia's Park in Elk Grove feature large loft spaces on the second floor, and can be customized with features like a first-floor bedroom with attached bath, and a variety of treatments and finishes.

With KB Home's Built to Order approach, homebuyers get to select their homesite, floor plan, and structural options, as well as aesthetic choices like faucets and fixtures that suit their tastes and needs. For instance, in some plans, a loft space can be configured as a home office or entertainment nook, or converted into an additional bedroom.

All new homes at Amelia's Park and Morningview will also be ENERGY STAR® certified so that their utility costs are easier on homeowners' pocketbooks. Home shoppers can look to KB Home's Energy Performance Guide, or EPG, in all of its new homes in Sacramento to get a sense of the homes' projected energy savings. Similar to the miles per gallon rating or MPG sticker on cars, the EPG provides buyers with an estimate of monthly energy costs for the home as designed, as well as an estimate of monthly energy cost savings when compared to a typical resale home.

For example, a two-story, 2,589 square foot KB home at Morningview is expected to save its owner $152 dollars a month versus a typical resale home. Over the course of one year, a KB homeowner at Morningview could enjoy more than $1,800 in energy savings.

KB Home's Amelia's Park and Morningview are now open for sales. For more information about these KB Home communities, or to sign up for email alerts about Amelia's Park and Morningview, 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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