KB Home Announces the Grand Opening of Centerpointe in Downey

New homes priced from the low-$500,000s now available in prime
location near historic downtown area and major freeways

DOWNEY, Calif.–(BUSINESS WIRE)–$KBH #Centerpointe–KB Home (NYSE: KBH) today announced the grand opening of Centerpointe,
a distinctive collection of 117 three-story homes situated in the Los
Angeles County City of Downey. Located at the southwest corner of
Paramount Boulevard between 7th and 5th Streets, Centerpointe is
convenient to several freeways and is within walking distance of the
dynamic shopping and dining options in the City’s recently revitalized
downtown area.

A unique Gateway City in the heart of Southern California, Downey is
distinguished by its vibrant downtown district, centralized location,
top medical facilities, pleasant residential neighborhoods, and
excellent golf courses. KB homeowners at Centerpointe will also benefit
from the community’s proximity to Interstates 105, 5, 605 and 710 for
easy access to the many commercial and employment corridors and
countless entertainment, cultural and recreational activities available
throughout Southern California.

The three-story KB homes offered at Centerpointe range up to 2,124
square feet, and can include as many as four bedrooms and
three-and-a-half baths. Pricing begins in the low-$500,000s. The energy-
and water-efficient homes will be built to exacting ENERGY STAR®
guidelines, with WaterSense® labeled faucets and fixtures, which can
help lower utility bills for KB homeowners.

KB Home’s Centerpointe is now open at 10716 Paramount Boulevard in
Downey. 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