KB Home Introduces Two New Communities at Patterson Ranch in Fremont

North Grove and Laurel open within desirable commuter-friendly Bay
Area master plan; neighboring Windrose community sold out

FREMONT, Calif.–(BUSINESS WIRE)–$KBH #BayArea–KB Home (NYSE: KBH), today announced the grand opening of two new
communities, North Grove and Laurel at Patterson Ranch. Both
neighborhoods are situated in the charming Patterson Ranch master plan
in Fremont’s desirable Ardenwood area. With their superior commuting
location, urban farm-inspired amenities, and beautiful homes with
well-appointed finishes, these idyllic neighborhoods present a unique
opportunity for new homeownership in one of the Bay Area’s most
sought-after cities. A third new KB Home community in the Patterson
Ranch master plan, Windrose, has already sold out.

The stylish new homes in North Grove at Patterson Ranch offer attractive
design features such as expansive, open floor plans, spacious kitchens,
optional first floor bedroom suites, and ample storage space. The one-
and two-story single family homes range in size from 2,439 to 3,400
square feet, with up to six bedrooms and four-and-a-half baths and
three-car garages. Pricing begins from the mid-$1 millions. Elegantly
furnished model homes will be open this weekend, April 8-9, 2017.

Laurel at Patterson Ranch offers two-story single family homes ranging
in size from 1,993 to 2,176 square feet, with up to four bedrooms and
two-and-a-half baths. Featuring desirable features such as large walk-in
closets, soaker tubs in the master bathroom and flex spaces, the homes
at Laurel are priced from the low-$1 millions. Model homes are expected
to debut in late April.

With the addition of Laurel and North Grove, KB Home’s Patterson Ranch
community now includes four distinct styles of homes, including those in
two other highly successful KB Home communities, Magnolia and Windrose,
the latter of which almost immediately sold out. Demand for homes in
these neighborhoods has soared as homebuyers recognize this special
opportunity to purchase a new KB home in Fremont.

In paying homage to the site’s agrarian heritage, Patterson Ranch is
planned to feature more than 15 acres of parks and open space
highlighted by an urban farm with a community garden and working
orchard. When completed, homeowners with a green thumb will be able to
take advantage of an on-site barn with tools for cultivating vegetables,
herbs and native plants, as well as the orchard’s apple, almond, peach
and fig trees. Additional planned amenities include a farmhouse-style
community center featuring a chef’s kitchen along with private meeting
and gathering areas, basketball and tennis courts, as well as walking
paths. Magnolia at Patterson Ranch is adjacent to the popular Coyote
Hills Regional Park, where visitors can enjoy 12 miles of trails through
a wildlife refuge.

Each new KB home can be personalized at the KB Home Design Studio, where
buyers are guided by one of KB Home’s design professionals to create the
home of their dreams. At the Design Studio, buyers can select everything
from flooring and cabinetry to flexible room options, home technology
solutions and many décor choices, all based on their lifestyle and
preferences.

Like all KB homes, those offered at Patterson Ranch will be built to
ENERGY STAR® guidelines, GreenPoint Rated, and include WaterSense®
labeled faucets and fixtures. These water- and energy-saving features
built into every new KB home can help homeowners save on their monthly
utility bills as compared to most other typical new and resale homes.

Laurel and North Grove at Patterson Ranch are now open to the public and
located at 33912 Horseshoe Loop at the intersection of Ardenwood Blvd
and Paseo Padre Parkway in Fremont. For more information, 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
Craig LeMessurier, 925-983-4509
clemessurier@kbhome.com