KB Home Announces the Grand Opening of Seminole Groves in Seminole

New community debuts in desirable South Pinellas location near
beaches, premier shopping and dining, and business centers

SEMINOLE, Fla.–(BUSINESS WIRE)–KB Home (NYSE: KBH), one of the nation’s largest and most recognized
homebuilders, today announced the grand opening of Seminole Groves in
Seminole, a private, gated community situated in the sought-after South
Pinellas area. Centrally located on Seminole Boulevard, Seminole Groves
will provide residents excellent access to nearby office parks, major
thoroughfares, shopping plazas and local beaches.

Residents at Seminole Groves will be able to easily commute to downtown
St. Petersburg and throughout Pinellas County via Seminole Boulevard,
Gandy Boulevard, U.S. 19 and Interstate 275. Seminole Groves homeowners
can also enjoy water sports and other recreation at nearby Gulf beaches,
Treasure Island and tourist attractions such as museums, aquariums and
Tropicana Field.

Seminole Groves offers one of the few new homeownership opportunities in
the popular South Pinellas area. The unique enclave of 53 single-family
homes is situated around a central neighborhood pond, a walled community
with two gated entries.

The six floor plans available at Seminole Groves range in size from
2,294 to 3,290 square feet, and can include up to six bedrooms and
three-and-a-half baths. Priced from the low-$300,000s with no CDD fees,
KB homes at Seminole Groves can be personalized to suit each homebuyer’s
individual preferences.

All KB homes, including those at Seminole Groves, are ENERGY STAR®
certified and include WaterSense® labeled faucets and fixtures, meaning
they are designed to be more energy- and water-efficient than other
typical new and resale homes. The water- and energy-saving features
built into every new KB home can also help homeowners save money on
their monthly utility bills.

KB Home is hosting a grand opening celebration on Saturday, October 3,
with light food and refreshments. To attend the event, visit Seminole
Groves at 5800 Seminole Boulevard in Seminole. More information about
Seminole Groves and other KB Home communities is available at www.kbhome.com,
or by calling 888-KB-HOMES.

About KB Home
KB Home is one of the largest and most
recognized homebuilding companies in the United States. Since its
founding in 1957, the company has built more than half a million quality
homes. KB Home’s unique homebuilding approach lets each buyer customize
their new home from lot location to floor plan and design features. As a
leader in utilizing state-of-the-art sustainable building practices, all
KB homes are highly energy efficient and meet strict ENERGY STAR®
guidelines. This helps to lower monthly utility costs for homeowners,
which the company demonstrates with its proprietary KB Home Energy
Performance Guide® (EPG®). KB Home has been named an ENERGY STAR Partner
of the Year Sustained Excellence Award winner for five straight years
and a WaterSense® Partner of the Year for four consecutive years. A
FORTUNE 1,000 company, Los Angeles-based KB Home was the first
homebuilder listed on the New York Stock Exchange, and trades under the
ticker symbol “KBH.” For more information about KB Home, call
888-KB-HOMES, visit www.kbhome.com,
or connect with KB Home on Facebook.com/KBHome and Twitter.com/KBHome.

Contacts

KB Home
Cara Kane, 321-299-6844
ckane@kbhome.com