Market Overview

KB Home Announces the Grand Opening of Northpark in Ontario Ranch

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Builder offers beautiful new homes in commuter-friendly Inland Empire
neighborhood located in the Mountain View School District; priced from
the $460,000s

KB Home (NYSE:KBH) today announced the grand opening of Northpark in
Ontario Ranch, the builder's latest community of one- and two-story new
homes in a prime Inland Empire location. Northpark is convenient to
Interstates 10 and 15, Highway 60, and Metrolink® stations, offering
easy commuting throughout Riverside, San Bernardino, Orange and Los
Angeles Counties.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180816005014/en/

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

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

Situated within the desirable Mountain View School District, Northpark's
location in the thriving Ontario Ranch neighborhood is convenient to the
best that the Inland Empire has to offer. Residents can spend their free
time browsing the charming shops and eateries in Upland and Ontario's
historic downtown districts, while Victoria Gardens, Ontario Mills® and
Eastvale Gateway are top retail, dining, and entertainment destinations.
The community features a planned private park with a basketball court
and is also close to Prado Regional Park, where visitors may enjoy
hiking and biking trails, disc golf, archery, a dog park, picnic
facilities and play equipment. Northpark is also near the Claremont
Colleges, Ontario International Airport and Ontario Business Bank Arena.

KB Home will host a grand opening celebration at Northpark on Saturday
and Sunday, August 18 and 19, from 10:00 a.m. to 6:00 p.m., during which
attendees may tour the elegantly-appointed model homes. Refreshments and
entertainment will be available from 12:00 p.m. to 2:00 p.m. on Saturday.

In total, KB Home will be constructing 190 one- and two-story homes
available in four distinct floor plans. With up to six bedrooms and
three bathrooms and ranging in size from 1,700 to 2,800 square feet, the
KB homes at Northpark also feature such desirable design characteristics
as spacious dens or loft spaces, ample storage, and dedicated laundry
rooms. Pricing begins in the $460,000s.

"At Northpark, home shoppers will find an opportunity to purchase a new
home with enviable access to private amenities and local attractions,"
said John Fenn, president of KB Home's Inland Empire division. "Our
versatile floor plans and elegant new model homes showcase how a KB home
can be uniquely personalized to accommodate the varying needs and
preferences of today's homebuyers."

The KB homes at Northpark 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 $2,028 to
$2,340 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 Northpark sales office is located at 2787 East Banner Street. From
CA-60, exit Archibald heading south. Turn left on Parkview Street, and
left on S. Wayne Avenue. Alternatively, from I-15, exit Limonite Avenue
heading west. Turn right on Archibald Avenue, right on Parkview Street,
and left on S. Wayne Avenue. Follow the signs to the sales center. 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 Northpark, 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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