Market Overview

KB Home Announces Grand Opening of Edgebrook in Bulverde

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KB Home (NYSE:KBH) today announced the grand opening of Edgebrook, its
newest San Antonio-area community in Bulverde. Located minutes from
Texas Highway 281, and offering easy access to Loop 1604 and Highway 46,
Edgebrook is convenient to several major employment centers in the
region.

KB Home will offer 284 home sites at Edgebrook, many with scenic views
of the Texas Hill Country. A planned amenity park will include a Junior
Olympic swimming pool, attached pavilion, and a children's playscape.
Edgebrook residents can swim, fish, and go boating at nearby Canyon
Lake, or explore the depths and unique beauty of Natural Bridge Caverns.
School-age children living in Edgebrook can attend Comal ISD schools.

"Homebuyers are excited about living in Edgebrook as it offers the
serenity of Hill Country living, with major employers such as Tesoro,
CST Brands, Methodist Stone Oak Hospital, Whataburger's headquarters and
the airport just 10 to 15 miles away," said Brett Dietz, KB Home's San
Antonio division president. "Adding to the attraction of Edgebrook is
the wide variety of beautiful brick, stone and stucco exteriors and
interior design choices available to KB homebuyers at the KB Home
Studio."

Homebuyers at Edgebrook can choose from 14 one- and two-story floor
plans that range in size from 1,965 to 3,699 square feet, and can
accommodate up to six bedrooms and five bathrooms. Lot selection,
exterior style, and home décor and features can all be personalized to
each buyer's own lifestyle and budget. Pricing begins in the $270,000s.
Edgebrook homeowners will not be subject to a MUD tax.

As with all KB homes, those offered at Edgebrook will be built to ENERGY
STAR® guidelines and include WaterSense® labeled faucets and fixtures,
meaning they are designed to be more energy- and water-efficient than
most typical new and resale homes available in the area.

The Edgebrook sales office is open from 10 a.m. to 7 p.m. Saturday
through Thursday, and 11 a.m. to 7 p.m. on Fridays. Grand Opening
festivities, which include tours of three model homes and refreshments,
will begin at 11 a.m. on Saturday, June 3, 2017.

The KB Home Sales Center and model park for Edgebrook is located at the
corner of FM 1863 and Wiley Road in Bulverde, Texas. In addition to
Edgebrook, KB Home is currently open for new home sales at 29 San
Antonio-area locations including Boerne, New Braunfels, Cibolo, Live Oak
and Converse. For more information about Edgebrook, or KB Home's other
new home neighborhoods, visit www.kbhome.com
or call 888-KB-HOMES.

About KB Home

KB Home (NYSE:KBH) is one of the largest and most recognized
homebuilders in the United States and an industry leader in
sustainability, building innovative and highly energy- and
water-efficient new homes. Founded in 1957 and the first homebuilder
listed on the New York Stock Exchange, the Company has built nearly
600,000 homes for families from coast to coast. Distinguished by its
personalized homebuilding approach, KB Home lets each buyer choose their
lot location, floor plan, décor choices, design features and other
special touches that matter most to them. To learn more about KB Home,
call 888-KB-HOMES, visit www.kbhome.com
or connect on Facebook.com/KBHome
or Twitter.com/KBHome.

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