Market Overview

KB Home Announces the Grand Opening of The Gardens at Lake Jackson Ridge in Mascotte

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New single-family home community offers choice of floor plans near
major commuting corridors and historic downtown Clermont; priced from
the low-$200,000s

KB Home (NYSE:KBH) today announced the grand opening of The Gardens at
Lake Jackson Ridge, the builder's latest community of new single-family
homes in Mascotte. Conveniently located near Highways 50, 33, and 19 and
Florida's Turnpike for easy commuting to Lake Buena Vista and downtown
Orlando via Interstates 4 and 75, The Gardens at Lake Jackson Ridge is
also close to major family-friendly entertainment destinations such as
Universal Studios® and Disney World®.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180823005019/en/

New KB homes now available in Mascotte, Florida! (Photo: Business Wire)

New KB homes now available in Mascotte, Florida! (Photo: Business Wire)

Residents of The Gardens at Lake Jackson Ridge can enjoy the community's
proximity to historic downtown Clermont, which features shopping,
dining, and entertainment establishments in a charming small-town
atmosphere. Nearby Lake David Park includes picnic areas, playgrounds
and basketball courts, and Lake Catherine Blueberries offers a variety
of family activities such as seasonal berry picking, live music, and
special events. Nature lovers will relish the opportunity to explore the
area's abundant nature reserves, including Ocala National Forest, Green
Swamp Wilderness Preserve and Lake Apopka.

KB Home will host a grand opening celebration at The Gardens at Lake
Jackson Ridge on Saturday, August 25 and Sunday, August 26 from 11:00
a.m. to 3:00 p.m., during which attendees may tour the two elegantly
appointed model homes. Refreshments and family entertainment will be
provided.

At The Gardens at Lake Jackson Ridge, KB Home will be constructing one-
and two-story homes and offering six distinct floor plans that range in
size from 1,500 to 2,500 square feet and include up to four bedrooms and
two-and-a-half baths. Spacious great rooms, beautiful master suites, and
dedicated laundry rooms are among the desirable features characteristic
of all the KB homes at the community. Pricing begins in the
low-$200,000s.

"This attractive new neighborhood is close to family-friendly fun and
offers excellent access to major transportation thoroughfares," said
Fred Wyborski, president of KB Home's Orlando Division. "In addition,
the KB homes at The Gardens at Lake Jackson Ridge allow buyers the
opportunity to purchase a new home designed for the way they want to
live in a beautiful and highly desirable area."

The KB homes at The Gardens at Lake Jackson Ridge 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 $900 to $1,500 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 Gardens at Lake Jackson Ridge sales office is located at 1725 Garden
View Street in Mascotte. From Bluff Lake Road (SR-33), turn left onto
Centennial Park Way and make a right onto Garden View Street; the sales
center will be on the left. The sales center is open Saturdays through
Thursdays from 10:00 a.m. to 6:00 p.m., and on Fridays from 12:00 p.m.
to 6:00 p.m. For more information about The Gardens at Lake Jackson
Ridge, 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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