Market Overview

KB Home Announces the Grand Opening of Prado at Cadence Park in Irvine

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Homebuilder offers beautiful three-story homes with access to
luxurious community amenities within the Irvine Unified School District

KB Home (NYSE:KBH) today announced the grand opening of Prado at
Cadence Park, a community of beautiful new homes situated in the
highly-regarded Great Park Neighborhoods master planned community. The
walkable community offers considerable amenities, including beautifully
designed parks, swimming pools, sports fields, tennis courts,
greenhouses, community gardens, outdoor kitchens and a community art
walk that will feature murals, sculptures and creative gathering spaces.
Concert-goers can enjoy the nearby 12,000-seat FivePoint Amphitheatre,
which hosts world-renowned acts.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180809005221/en/

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

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

Located just off Irvine Boulevard, within the desirable Irvine Unified
School District, Prado at Cadence Park is walking distance to both
Portola High School and the new Cadence Park K-8 school. The surrounding
area features several outdoor recreational opportunities, with plenty of
parks, public golf courses, and protected open spaces for residents to
enjoy year-round. Additionally, Orange County theme parks and beautiful
beaches are just a short drive away. Prado at Cadence Park is convenient
to Interstates 5 and 405 as well as State Routes 133 and 241 for easy
commutes and access to John Wayne Airport, Newport Beach and Corona Del
Mar.

KB Home will host a grand opening celebration at Prado at Cadence Park
on Saturday, August 11 and Sunday, August 12 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 11:00
a.m. to 3:00 p.m. on Saturday.

At Prado at Cadence Park, KB Home plans to construct 87 homes, available
in three distinct three-story floor plans that range in size from 1,700
to 2,700 square feet. These modern homes include up to four bedrooms and
four baths, ground floor bedrooms with full baths, sleek gourmet
kitchens with large island counters, spacious master bedroom suites and
open lofts. Each new home offers a private yard space, perfect for
entertaining, and select floor plans include a walk out deck.
Additionally, all residents at Cadence Park will receive a new bicycle
from the Great Park master plan community. Pricing begins in the
mid-$800,000s.

"This new walkable community offers sweeping views of the surrounding
area, convenience to Orange County attractions, as well as shopping,
dining and entertainment at Irvine Spectrum and Tustin Marketplace,"
said Steve Ruffner, president and regional general manager for KB Home's
Coastal division. "Home shoppers interested in owning a beautiful new
home in a vibrant neighborhood with abundant luxury-style amenities
should visit Prado at Cadence Park."

The KB homes at Prado at Cadence Park 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
$1,452 to $1,860 a year in utility costs, depending on the floor plan.
Additionally, buyers will have the opportunity to add solar to their new
home to potentially further reduce their utility bills.

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 Prado at Cadence Park sales center is located at 101 Frame in
Irvine, California. From I-5, exit 133 toll road heading north. Exit
right on Irvine Boulevard heading east. Turn right on Modjeska and left
on Benchmark to the Prado at Cadence Park sales center. The sales center
is open Tuesdays through Sundays 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 on Prado at Cadence Park or other KB Home
communities in Orange County, 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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