Market Overview

KB Home Announces the Grand Opening of Carriage Hill in Apopka

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National builder debuts beautiful new homes in commuter-friendly
location near desirable schools; pricing starts in the low-$280,000s

KB Home (NYSE:KBH) today announced the grand opening of Carriage Hill,
the builder's latest community of new single-family homes in Apopka.
Carriage Hill's easy access to U.S. Route 441, State Road 429, State
Road 414, and Semoran Boulevard makes it convenient to area employment
centers and to a variety of shopping and dining options, including
Altamonte Mall and Winter Garden Village.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180905005198/en/

New KB homes are now available in the Orlando area. (Photo: Business Wire)

New KB homes are now available in the Orlando area. (Photo: Business Wire)

Residents of Carriage Hill can enjoy the community's planned amenities,
which include a playground and picnic area. In addition, school-aged
children can attend desirable schools within a few minutes' drive,
including Wolf Lake Elementary, Wolf Lake Middle and Apopka High School.
Nearby Northwest Recreation Center has walking trails, sport courts and
fields, playgrounds, and an amphitheater for live music and special
events, and Wekiva Springs State Park offers 13 miles of hiking and
biking trails, as well as canoeing, fishing and snorkeling in Wekiva
River.

KB Home will host a grand opening celebration at Carriage Hill on
Saturday, September 8 and Sunday, September 9 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 Carriage Hill, KB Home will be constructing one- and two-story homes,
and offering eight distinct floor plans ranging in size from 1,800 to
3,700 square feet, with up to six bedrooms and four baths. Spacious
great rooms, beautiful master suites, and dedicated laundry rooms are
among the desirable features characteristic of all the KB homes at
Carriage Hill. Pricing begins in the low-$280,000s.

"We know the distinctive floor plans and extensive design choices
available at Carriage Hill are popular with today's homebuyers," said
Fred Wyborski, president of KB Home's Orlando Division. "The community's
proximity to parks, sports fields, outdoor recreation, shopping and
dining gives residents plenty of convenient ways to spend their free
time."

The KB homes at Carriage Hill 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.

Carriage Hill is located off Rogers Road in Apopka. From I-4, take
Highway 408 West to FL Turnpike North. Merge onto Highway 429 North and
exit Plymouth Sorrento Road. Turn left on Plymouth Sorrento Road, right
on Lester Road and left on Rogers Road. The community is on the right.
The Carriage Hill sales office 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 Carriage Hill, 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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