Market Overview

KB Home Announces the Grand Opening of Brentwood Villas in Austin

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National builder introduces new homes in commuter-friendly southwest
Austin location in established neighborhood from the $270,000s

KB Home (NYSE:KBH) today announced the grand opening of Brentwood
Villas, a new home community in popular southwest Austin. Ideally
situated close to Interstate 35 and the Mopac Expressway, Brentwood
Villas offers quick access to major employers in downtown Austin,
including Google®, The University of Texas at Austin, and The State of
Texas. Children living in Brentwood Villas can attend schools in the
Austin Independent School District.

"At Brentwood Villas, we are providing today's homebuyers the rare
opportunity to live in a newly-constructed home tailored to their
preferences in an established area of southwest Austin," said Ken
Langston, president of KB Home's Austin division. "Located just minutes
from downtown Austin, buyers at Brentwood Villas can easily enjoy
everything this vibrant city has to offer."

The grounds at Brentwood Villas feature thoughtfully designed pocket
parks and public greenspace. In addition, residents can visit nearby
Mary Moore Searight Metropolitan Park, a 30-acre park with barbecue
pits, play equipment, a disc golf course, sport courts and fields,
multi-use trails, and an off-leash dog area. Southpark Meadows, also
close to Brentwood Villas, offers a convenient place to eat out, take in
a movie, or shop. Picturesque McKinney Falls State Park, where outdoor
enthusiasts can camp, hike, mountain bike, fish, or go bouldering, is
within a thirty-minute drive.

KB Home plans on constructing 83 new homes at Brentwood Villas, where
homebuyers can choose from 12 one- and two-story floor plans. Ranging in
size from 1,340 to 2,708 square feet and accommodating up to six
bedrooms and four bathrooms, the homes at Brentwood Villas feature large
great rooms, ample storage, and flex spaces. 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.

Sales office hours are Monday through Thursdays, 10 a.m. to 6:30 p.m.,
Fridays 12 p.m. to 7 p.m., Saturdays 10 a.m. to 7 p.m., and Sundays 11
a.m. to 7 p.m. Tours of two new model homes and other grand opening
activities begin at noon on Saturday, July 29, 2017, with free
refreshments and drinks available for home shoppers to enjoy.

As with all KB homes, those offered at Brentwood Villas 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 KB Home Sales Center and model park is located at 9116 Golden Leaf
Drive, Austin, TX 78748. In addition to Brentwood Villas, KB Home is
currently open for new home sales at 26 other Austin metro-area
locations including in the cities of Round Rock, Pflugerville, Taylor,
Georgetown, San Marcos, Kyle and Manor. For more information about
Brentwood Villas 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 homebuilders in the United
States, with nearly 600,000 homes delivered since our founding in 1957.
We operate in 36 markets in 7 states, primarily serving first-time and
first move-up homebuyers, as well as active adults. We are
differentiated in offering customers the ability to personalize what
they value most in their home, from choosing their lot, floor plan, and
exterior, to selecting design and décor choices in our KB Home Studios.
In addition, we are an industry leader in sustainability, building
innovative and highly energy- and water-efficient homes. We invite you
to learn more about KB Home by visiting www.kbhome.com,
calling 888-KB-HOMES, or connecting with us on Facebook.com/KBHome
or Twitter.com/KBHome.

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