KB Home Publishes 10th Annual Sustainability Report

National builder releases its milestone 2016 report for
industry-leading 10
th consecutive year

LOS ANGELES–(BUSINESS WIRE)–$KBH #ENERGYSTAR–KB Home (NYSE: KBH) today celebrates the release of its tenth annual
Sustainability Report, available exclusively at www.kbhome.com/sustainability.
KB Home was the first major homebuilder to publish a comprehensive
sustainability report in 2008.

“We are proud to lead the homebuilding industry in publishing an annual
sustainability report, now for the tenth consecutive year,” said Jeffrey
Mezger, KB Home chairman, president, and chief executive officer. “Over
this period, we have made meaningful progress on enhancing the energy
and water efficiency of our homes, which can significantly reduce the
long-term cost of homeownership. Our diligent focus on incorporating
sustainable features into all of our homes, often at little or no
additional charge, has enabled us to offer a premium product to our
customers at an affordable price, and has evolved to become both a core
business strategy for us and a key differentiator for our brand in the
marketplace.”

The report covers KB Home’s sustainability achievements during 2016, and
highlights certain cumulative results over the past decade. As detailed
in the report, through 2016, KB Home has built:

  • More than 100,000 ENERGY STAR® homes
  • 11,000 Water Smart® and WaterSense® labeled new homes
  • 5,100+ solar-powered homes
  • 12 ZeroHouse 2.0 and Double ZeroHouse 3.0 project homes
  • Over 150 LEED Platinum homes

These KB homes are estimated to have collectively:

  • Prevented greenhouse gas emissions equivalent to 335,000 passenger
    vehicles
  • Conserved 1.2 billion gallons of water annually compared to the water
    consumption of typical resale homes and landscaping
  • Saved homeowners more than a total of $577 million in utility bills
    compared to utility costs for typical resale homes
  • The solar power systems installed at KB Home communities in aggregate
    produce nearly as much energy as an 11.4-megawatt solar power plant
    and offset the production of an estimated 11,700 tons of carbon
    dioxide per year. At the same time these homes have saved homeowners
    an aggregate of more than $3.6 million in savings every year.

In 2016, KB Home’s achievements included a cross-industry collaboration
to imagine and build The Greenbuild KB Home ProjeKt, a sustainable
concept home designed to anticipate the way we might live in 2050, which
debuted at the 2016 Greenbuild International Conference and Expo. In
addition, KB Home was selected by Apple® as one of only four builders
worldwide to roll out an Apple HomeKit smart-home package. The builder’s
achievements against a range of goals during 2016 also included
improving the average Home Energy Ratings System (HERS®) Index Score of
its new homes for the ninth straight year.

KB Home takes a broad approach to sustainability, focusing on energy
efficiency, as well as water conservation, healthier indoor
environments, smart home capabilities and waste reduction. KB Home is
the only national builder to have won awards under all of the
Environmental Protection Agency programs aimed at homebuilders — ENERGY
STAR®, WaterSense®, which establishes water efficiency standards, and
Indoor airPLUS®, which focuses on indoor air quality. Recently, KB Home
announced that it was the recipient of two prestigious awards: 2017
RESNET® President’s Award and 2017 ENERGY STAR Partner of the Year –
Sustained Excellence Award.

Details of KB Home’s sustainability goals, achievements and challenges
can be found in the 2016 KB Home Sustainability Report, which can now be
accessed on the company’s website at www.kbhome.com/sustainability.
These goals include achieving zero landfill waste by the year 2025. In
developing the report, KB Home again followed the Global Reporting
Initiative Guidelines, which provide a widely recognized level of
accountability and transparency, and are considered by many
environmental experts to be the current standard for sustainability
reporting.

For more information on KB Home and its highly efficient new homes,
visit 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
Susan Martin, 310-231-4142
smartin@kbhome.com