Market Overview

KB Home Announces the Grand Opening of Westpark in Murrieta


Located near parks, schools, and nature preserves, new community
balances proximity to transportation corridors and accessibility to
family friendly activities; priced from the low-$400,000s

KB Home (NYSE:KBH) today announced the grand opening of Westpark, its
latest community of new single-family homes in Murrieta. Situated near
Interstates 15 and 215 and Highway 79 for easy commuting throughout
Riverside, San Bernardino, Orange, and San Diego Counties, Westpark is
also convenient to downtown Murrieta and within walking distance of
Murrieta Valley High School and Thompson Middle School.

This press release features multimedia. View the full release here:

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

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

Located just off Washington Avenue within the desirable Murrieta Valley
Unified School District, KB Home's Westpark is close to a variety of
shopping and dining options at nearby Murrieta Springs Plaza and
Promenade Temecula. Residents can also enjoy several area parks,
including Town Square Park, which hosts concerts and special events,
California Oaks Sports Park, which features sport courts and fields, a
swimming pool, and a youth center, and Mountain Pride Park, which offers
an 18-hole disc golf course. Golf enthusiasts can tee off at the
Murrieta Golf Valley Golf Range, and the renowned Temecula wine country
is just a short drive away. The Santa Ana Mountains, the Santa Rosa
Plateau Ecological Reserve, and Lake Elsinore offer plenty of
opportunities to explore natural surroundings.

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

At Westpark, KB Home plans to construct a total of 64 two-story homes in
three distinct floor plans ranging in size from 1,500 to 2,000 square
feet with up to four bedrooms and three bathrooms. The KB homes at
Westpark offer attractive attributes such as expansive great rooms,
two-car direct access garages, spacious master suites, and
low-maintenance yards. One floor plan incorporates a first-floor bedroom
and full bathroom. Pricing begins in the low-$400,000s.

"Westpark's central location offers proximity to several regional points
of interest, amenities, and major employment centers," said John Fenn,
president of KB Home's Inland Empire division. "Homebuyers interested in
purchasing a new home that allows them to experience all that the Inland
Empire has to offer will find a lot to love about KB Home's Westpark."

The KB homes at Westpark 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 $1,632 to
$1,788 a year in utility costs, depending on the 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
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 Westpark sales office is located at 21464 Vernin Street in Murrieta.
From I-15, exit California Oaks Road/Kalmia Street heading west. Turn
right on Washington Avenue and right on Petra Street. Follow the signs
to the sales office. 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 Westpark, or KB Home's other new home
neighborhoods, visit
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,
calling 888-KB-HOMES, or connecting with us on

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