KB Home Buys Land for New Community in Katy TX

KB Home (NYSE: KBH), one of the nation's largest and most recognizedhomebuilders, today announced that it has acquired a 103 acre parcel of landin Katy, Texas, a western suburb of Houston. The builder, distinguished by itsBuilt to Order™ approach, will begin construction on model homes at the site,located off the Katy Freeway approximately one and a half miles west of FM1463, early next year.KB Home's acquisition allows the homebuilder to add to its growing collectionof new home communities in Katy. KB Home is currently selling new homes infour communities in the city. Plans for this most recent acquisition includeconstruction of approximately 275 Built to Order single family homes rangingin size from 2,000 to 4,000 square feet.