Market Overview

KB Home Announces the Grand Opening of Brighton in Van Nuys

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Homebuilder debuts collection of single-family homes in
commuter-friendly location; priced from the $610,000s

KB Home (NYSE:KBH) today announced the grand opening of Brighton, its
latest community of new homes in Van Nuys. Situated near Interstates 5
and 405, Highway 101 and State Route 118, Brighton is also convenient to
Metrolink stations and the Metro Orange Line. Both California State
University Northridge and Los Angeles Valley College are within a few
minutes' drive, while the University of California, Los Angeles is only
12 miles away.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180727005562/en/

New KB homes now available in Los Angeles! (Photo: Business Wire)

New KB homes now available in Los Angeles! (Photo: Business Wire)

Residents of Brighton can enjoy the community's prime location near
shopping, entertainment, and dining at the Northridge Fashion Center and
the Sherman Oaks Galleria. Planned community amenities include a tot lot
and picnic area. Both Van Nuys Recreation Center and Van Nuys High
School are within walking distance, and the nearby Sepulveda Basin
Recreation Area features indoor and outdoor sports facilities, hiking
trails, a community garden, an amusement park, Balboa Lake with boat
rentals and fishing, golf courses, and more.

KB Home will host a grand opening celebration at Brighton on Saturday,
July 28 from 11:00 a.m. to 2:00 p.m., during which attendees may tour
the two elegantly-appointed model homes. Refreshments and family
entertainment will be provided.

In total, KB Home will be constructing 58 two- and three-story homes and
offering three distinct designs. With up to four bedrooms and
three-and-a-half bathrooms that range in size from 1,500 to 1,900 square
feet, the KB homes at Brighton feature generous master suites, open
floor plans, and dedicated laundry rooms. Pricing begins in the
$610,000s.

"The KB homes at Brighton offer an exceptional opportunity to own a new
single-family home in an established area of Los Angeles," said Glen
Longarini, president of KB Home's Los Angeles/Ventura division. "In
addition to the community's proximity to major freeways, which allows
for easy commuting throughout the Los Angeles metropolitan area,
Brighton offers all the conveniences and benefits of living in a dynamic
urban neighborhood."

The KB homes at Brighton 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 KB homebuyers between $1,248
to $1,488 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 Brighton sales office is located at 14700 Sherman Way in Van Nuys.
The sales office is open Tuesdays through Sundays from 10:00 a.m. to
6:00 p.m. and on Mondays from 1:00 p.m. to 6:00 p.m. For more
information about Brighton, 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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