KB Home Announces the Grand Opening of Northridge Park in Austin

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National builder introduces two home design collections in
commuter-friendly northeast Austin neighborhood

AUSTIN, Texas–(BUSINESS WIRE)–$KBH #Austin–KB Home (NYSE: KBH) today announced the grand opening of a new community
in northeast Austin called Northridge Park. Located in an established
neighborhood and ideally situated minutes from the intersection of State
Highways 290 and 183, Northridge Park offers quick access to major
employers such as Samsung, Dell and Applied Materials, as well as to the
University of Texas at Austin and downtown Austin. Children living in
Northridge Park will attend schools in the Austin Independent School
District.

“The schools serving Northridge Park have leadership academies that
focus on building confidence, academic preparedness and innovation so
that students can choose the best educational path to fit their needs,”
said Ken Langston, president of KB Home’s Austin division. “In the same
way, KB Home is giving homebuyers in Northridge Park innovative new
energy efficient homes and the ability to choose the floorplan, homesite
location and numerous design features that best fit the needs of their
families and lifestyles.”

KB homeowners in Northridge Park have plenty of choices when it comes to
recreational activities they can enjoy nearby. Options include barbecues
and picnics at Davis White Northeast District Park, or hiking and biking
on the extensive trails located in Walnut Creek Nature Preserve.
Families can also catch a competitive public school baseball or soccer
game at Noack Sports Complex.

Homebuyers at Northridge Park can choose from two home design
collections, the Heritage and the Classic, featuring 18 one- and
two-story floor plans that range in size from 1,353 to 3,125 square
feet, and can accommodate up to six bedrooms and four bathrooms. Tours
of two new model homes and other activities will be held beginning at
noon on Saturday, April 29, 2017. Free refreshments and drinks will be
available for home shoppers to enjoy.

As with all KB homes, those offered at Northridge Park will be built to
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.

Lot selection, exterior style, and home décor and features can all be
personalized to each buyer’s own lifestyle and budget. Pricing begins in
the low $200,000s. Once completed, Northridge Park will add 86 new homes
to the neighborhood.

The KB Home Sales Center and model park is located at 7603 Lazy Creek
Drive, Austin, TX 78724. In addition to Northridge Park, KB Home is
currently open for new home sales at 26 other Austin metro-area
locations including in the cities of Round Rock, Pflugerville, Taylor,
Georgetown, San Marcos, Kyle, and Manor. For more information about
Northridge Park, 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 and most recognized
homebuilders in the United States and an industry leader in
sustainability, building innovative and highly energy- and
water-efficient new homes. Founded in 1957 and the first homebuilder
listed on the New York Stock Exchange, the Company has built nearly
600,000 homes for families from coast to coast. Distinguished by its
personalized homebuilding approach, KB Home lets each buyer choose their
lot location, floor plan, décor choices, design features and other
special touches that matter most to them. To learn more about KB Home,
call 888-KB-HOMES, visit www.kbhome.com
or connect on Facebook.com/KBHome
or Twitter.com/KBHome.

Contacts

KB Home
Cathy Teague
210-301-2865
cteague@kbhome.com