Market Overview

KB Home Announces the Grand Opening of Citrus Glen in Loma Linda

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Homebuilder's latest community offers stylish one- and two-story
homes in a prime location near Loma Linda Medical Center; priced from
the $540,000s

KB Home (NYSE:KBH) today announced the grand opening of Citrus Glen,
the builder's latest enclave of beautiful new homes in Loma Linda.
Citrus Glen's proximity to Interstates 10, 215, and 210 allows for easy
commuting to downtown Riverside and throughout San Bernardino and Los
Angeles Counties. The community is also just minutes away from Loma
Linda Medical Center and Loma Linda University.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180815005029/en/

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

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

Nestled among citrus groves and featuring mountain views, KB Home's
Citrus Glen is convenient to a variety of retail, dining and
entertainment destinations, including Citrus Plaza and Mountain Grove
shopping centers. Nearby Splash Kingdom Waterpark features pools,
waterslides, a trampoline park and a sports lounge right next to the San
Bernardino County Museum, which offers history lovers the opportunity to
explore cultural and scientific exhibits and collections. Less than two
miles from Citrus Glen, Brookside Park has walking trails, sports
fields, BBQ pits, playgrounds, and outdoor fun for the whole family.
School-age children living in Citrus Glen may attend school in the
desirable Redlands Unified School District.

KB Home will host a grand opening celebration at Citrus Glen on
Saturday, August 18, and Sunday, August 19, from 10:00 a.m. to 6:00
p.m., during which attendees may tour the two elegantly-appointed model
homes.

KB Home will be constructing a total of 95 homes available in seven
distinct floor plans, including four one-story floor plans for
homebuyers that prefer single-story living. Ranging in size from 1,700
to 2,700 square feet with up to four bedrooms and three baths, the KB
homes at Citrus Glen feature desirable characteristics such as elegant
master suites, open kitchens, an upstairs bonus room and ample storage.
Pricing begins in the $540,000s.

"This charming enclave of KB homes in Loma Linda is convenient to major
transportation corridors, myriad urban amenities, and the world-renowned
Loma Linda Medical Center," said John Fenn, president of KB Home's
Inland Empire Division. "Homebuyers seeking a unique new home with a
flexible floor plan should visit Citrus Glen."

The KB homes at Citrus Glen 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 $1,524 to
$1,980 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
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 Citrus Glen sales office is located at 26631 Meyer Street in Loma
Linda. From I-10, exit onto California Street heading south. Turn left
on Redlands Boulevard, then right onto New Jersey Street before making a
right on Citrus Avenue. Follow the signs to the sales center. The sales
office is open Mondays from 1:00 p.m. to 6:00 p.m., and Tuesdays through
Sundays from 10:00 a.m. to 6:00 p.m. For more information about Citrus
Glen, 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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