Market Overview

KB Home Announces the Grand Opening of Meadows at Clearfork in Lockhart

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National builder offers new homes in prominent Austin-area
neighborhood; pricing starts in the low-$200,000s

KB Home (NYSE:KBH) today announced the grand opening of Meadows at
Clearfork, a commuter-friendly collection of new homes in Lockhart.
Easily accessible via U.S. Route 183 or Texas State Highway 130, the new
community is convenient to Downtown Austin.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180720005078/en/

New KB homes now available in Lockhart, Texas. (Photo: Business Wire)

New KB homes now available in Lockhart, Texas. (Photo: Business Wire)

Located in the well-established neighborhood of Lockhart, home to
landmark buildings, dining establishments and the official Barbecue
Capital of Texas, the KB homes at Meadows at Clearfork are close to
several recreational facilities, including Maple Street Park and
Lockhart Soccer Complex. Nearby Lockhart State Park features a golf
course, hiking and biking trails, campsites and a historic recreation
hall. Lockhart Junior High School is within walking distance.

KB Home will host a grand opening celebration Saturday, July 21 from
10:00 a.m. to 7:00 p.m. and Sunday, July 22 from 11:00 a.m. to 7:00
p.m., during which attendees may tour the two elegantly appointed model
homes. Additionally, refreshments and family entertainment will be
provided on Saturday between 12:00 p.m. and 4:00 p.m. KB homebuyers at
Meadows at Clearfork may choose from 14 one- and two-story floor plans
that range in size from 1,400 to 2,800 square feet and include up to six
bedrooms and four baths. Among the desirable design features
characteristic of all the homes at Meadows at Clearfork are open
kitchens, spacious great rooms and dedicated laundry rooms. Pricing
begins in the low-$200,000s.

"This charming enclave of homes offers a special opportunity to own a
new home in popular Lockhart," said Ken Langston, president of KB Home's
Austin division. "Home shoppers who want to own a beautiful new home in
this established and picturesque neighborhood should visit Meadows at
Clearfork this weekend."

The KB homes at Meadows at Clearfork will be built to current 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. These energy-
and water-saving features are estimated to save homebuyers between $804
to $1,284 a year in utility costs, depending on floor plan.

As part of KB Home's distinct homebuilding process, buyers may
personalize many aspects of their new home to suit their budget and
preferences. After selecting their lot and floor plan, KB homebuyers can
work with expert design consultants who guide them through every aspect
of the process at the KB Home Design Studio, a retail-like showroom,
where they may select from a plethora of design and décor choices,
including countertops, cabinets, lighting, appliances and window
coverings.

The KB Home sales office at Meadows at Clearfork is located at 602
Indian Blanket Street in Lockhart and is open Mondays through Thursdays
from 10:00 a.m. to 6:30 p.m., Fridays from 12:00 p.m. to 7:00 p.m.,
Saturdays from 10:00 a.m. to 7:00 p.m. and Sundays from 11:00 a.m. to
7:00 p.m. For more information about the KB homes at Meadows at
Clearfork 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 more than 600,000 homes delivered since our founding in
1957. We operate in 35 markets in seven 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, our industry leadership in sustainability helps to lower
the cost of homeownership for our buyers compared to a typical resale
home. We take a broad approach to sustainability, encompassing energy
efficiency, water conservation, healthier indoor environments, smart
home capabilities and waste reduction. KB Home is the first national
builder to have earned awards under all of the U.S. EPA's homebuilder
programs — ENERGY STAR®, WaterSense® and Indoor airPLUS®. 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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