Market Overview

KB Home Announces the Grand Opening of The Cottages on 4th in Ontario

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Gated new home community in thriving Inland Empire neighborhood
offers both private amenities and proximity to a diverse urban
landscape; priced from the $490,000s

KB Home (NYSE:KBH) today announced the grand opening of The Cottages on
4th, its latest gated community of two-story new homes in
Ontario. Located on 4th Street between Archibald and
Vineyard, The Cottages on 4th is convenient to Interstates
10, 210, and 15, and Metrolink® stations for efficient commuting
throughout the Riverside, San Bernardino and Orange Counties. The
community also provides easy access to Ontario International Airport.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180802005189/en/

New KB homes now available in Ontario. (Photo: Business Wire)

New KB homes now available in Ontario. (Photo: Business Wire)

Residents of The Cottages on 4th can enjoy the planned
community park, pool, and spa. In addition, the 150-acre
Cucamonga-Guasti Regional Park, which includes two lakes for fishing, a
swim complex with water slides, a water play park and picnic facilities,
is within walking distance. Nearby Victoria Gardens and Ontario Mills®
feature a wide selection of shopping, dining and entertainment choices,
and Citizens Business Bank Arena, which hosts a variety of local
sporting events and concerts, is just minutes away. The Cottages on 4th
is located within the desirable Cucamonga School District.

KB Home will host a grand opening celebration at The Cottages on 4th
on Saturday, August 4, and Sunday, August 5, from 10:00 a.m. to 6:00
p.m., during which attendees may tour the two elegantly-appointed model
homes. Free refreshments and entertainment will be available on Saturday
from 12:00 p.m. to 2:00 p.m.

At The Cottages on 4th, KB Home will be constructing a total
of 55 two-story homes and offering three distinct floor plans ranging in
size from 2,000 to 2,200 square feet with up to five bedrooms and three
bathrooms. The homes at The Cottages on 4th also feature such
desirable design characteristics as spacious great rooms, multipurpose
dens or loft spaces, master walk-in closets, and dedicated laundry
rooms. Pricing begins in the $490,000s.

"This charming and commuter-friendly neighborhood offers an exceptional
opportunity to own a unique new home near local recreational hotspots,"
said John Fenn, president of KB Home's Inland Empire division. "When
private community amenities planned for the site are completed,
homeowners living at The Cottages on 4th will have no
shortage of fun and relaxing ways to spend their free time."

The KB homes at The Cottages on 4th 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 $1,896 to $2,064 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 may
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 Cottages on 4th sales office is located at 2075 East
Bulletin Privado in Ontario. 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 The Cottages on 4th, 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 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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