Market Overview

KB Home Announces the Grand Opening of Artisan Preserve in Tampa

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New gated community offers choice of floor plans and design features
in commuter-friendly location; priced from the mid-$300,000s

KB Home (NYSE:KBH) today announced the grand opening of Artisan
Preserve, its latest community of single-family homes located in
Seminole. Artisan Preserve's commuter-friendly location is just minutes
from Interstate 275, Gandy Bridge and Sunshine Skyway Bridge and is
convenient to area employers and medical facilities, including Bay Pines
Medical Center and VA Hospital.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180727005021/en/

New KB homes now available in the Tampa area. (Photo: Business Wire)

New KB homes now available in the Tampa area. (Photo: Business Wire)

Artisan Preserve is located just minutes from local beaches, including
Redington, Madeira, Treasure Island, St. Petersburg and Clearwater.
Residents will enjoy the community's proximity to prime dining, shopping
and entertainment including John's Pass Village & Boardwalk. Nearby Lake
Seminole Park offers a variety of recreational facilities, including
baseball fields, volleyball courts, a two-mile multi-use trail, picnic
shelters, playgrounds and a boat ramp.

KB Home will host a grand opening celebration Saturday, July 28th and
Sunday, July 29th from 10:00 a.m. to 6:00 p.m. during which attendees
may tour the elegantly appointed model home. Additionally, refreshments
and family entertainment will be provided on Saturday between 11:00 a.m.
and 2:00 p.m. KB homebuyers at Artisan Preserve may choose from five
two-story floorplans which range in size from 2,200 to 3,200 square feet
and include up to six bedrooms and three baths. Among the desirable
design features that are characteristic of all the homes at Artisan
Preserve include open kitchens, spacious great rooms and dedicated
laundry rooms. Pricing begins in the mid-$300,000s.

"We know the distinctive floor plans and extensive design choices
available at Artisan Preserve are popular with today's homebuyers," said
Fred Vandercook, president of KB Home's Tampa division. "We are
confident that residents will love coming home to the privacy of their
own gated neighborhood near some of the region's most beautiful beaches."

The KB homes at Artisan Preserve 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 $1,464 to
$1,872 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 floorplan, KB homebuyers may
confer 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 Homes sales office at Artisan Preserve is located at 9075 82nd
Avenue in Seminole. From I-275 South, take Exit 28/Highway 694
West/Gandy Boulevard heading west. Gandy Boulevard becomes 74th
Avenue/Park Boulevard N. Turn right on Starkey Road and left on 82nd
Avenue. The community entrance will be on the right. The sales office is
open Saturday through Thursday from 10:00 a.m. to 6:00 p.m. and Friday
from 11:00 p.m. to 6:00 p.m. For more information about the KB homes at
Artisan Preserve 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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