KB Home Expands into Northern Colorado Market with Two New Communities

Homebuilder to offer brand new series of homes with flexible floor
plans created to meet the demands of homebuyers; priced from the
mid-$300,000s

DENVER–(BUSINESS WIRE)–$KBH #ColoradoHomes–KB Home (NYSE: KBH) today announced its expansion into Northern Colorado
with the grand opening of two new commuter-friendly KB Home communities,
The Lakes at Centerra in Loveland and Barefoot Lakes in Firestone, this
Friday through Sunday.

KB Home brings its distinct homebuilding process to Northern Colorado,
which allows KB homebuyers to personalize many aspects of their new home
to suit their lifestyle and preferences. After selecting their lot and
floor plan, a KB Home design consultant will guide a homebuyer through
every aspect of the process at the KB Home Design Studio, a retail-like
showroom where they may select from a plethora of design and décor
choices, including countertops, cabinets, flooring, lighting, appliances
and window coverings. Newly designed floor plans will be available,
offering KB homebuyers even more choices as they set out to build the
home of their dreams.

The first of the two new communities, The Lakes at Centerra, is a
collection of new one- and two-story homes in Centerra’s master-planned
community located in Loveland. Certified by the National Wildlife
Federation as a Community Wildlife Habitat, The Lakes is conveniently
situated near US Route 34 and Interstate 25, which allows for easy
commutes to Fort Collins, Greeley and downtown Denver. Amenities at The
Lakes include a clubhouse, pool, 4 miles of walking trails around two
lakes, natural habitat, access to kayaks and community gardens.
Residents can also attend monthly lifestyle event programs, which are
within walking distance of High Plains Environmental Center and a Pre-K
through eighth grade STEAM school. Nearby Markets at Centerra, Outlets
at Loveland and The Promenade Shops at Centerra offer prime shopping,
dining and entertainment. The KB homes at Lakes at Centerra will be
available in seven distinct floor plans, which range in size from 1,300
to 2,500 square feet and will include up to six bedrooms and
four-and-a-half baths. Pricing begins in the $340,000s.

The second community, Barefoot Lakes, is a collection of new one- and
two-story homes in Firestone near Interstate 25 and U.S. Route 119 for
easy commutes to Longmont, Boulder and downtown Denver. Planned
amenities include 3 miles of trails looping around 100 acres of lakes
and Peninsula Park, a 12-acre park that will host annual community
events and activities. The KB Homes at Barefoot Lakes will be available
in eight distinct floor plans, which range in size from 1,300 to 2,500
square feet and will include up to six bedrooms and four-and-a-half
baths. Pricing begins in the $360,000s.

“We are pleased to be expanding our footprint and bringing our
customer-centric homebuilding model to a new front range area market,”
said Randy Carpenter, president of KB Home’s Colorado division. “Our new
Colorado communities offer an enticing mix of convenient locations,
desirable amenities, flexible floor plans, choice of finishes, and
affordability.”

The KB homes at The Lakes at Centerra and Barefoot Lakes will be built
to current 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. These energy- and water-saving features are estimated to save
homebuyers between $672 and $1,092 a year in utility costs, depending on
floor plan.

Grand opening celebrations for the new communities will be held Saturday
and Sunday, Nov. 24 and Nov. 25, from 10 a.m. to 6 p.m.

The Lakes at Centerra sales office located at 2817 Cub Lake Dr. in
Loveland. From I-25 take Exit 257/US-34 West and turn right on Boyd Lake
Ave. Turn right on Long Pine Lake Drive and the community is on the left.

The Barefoot Lakes sales office is located at 4639 Clear Creek Dr. in
Firestone. From I-25 North, take Exit 240/Hwy 119 heading east. Take an
immediate left (north) on I-25 Frontage Rd., which becomes CR-9 ½. Turn
right onto Barefoot Lakes Pkwy., left on Eagle River Rd., and left on
Clear Creek Dr. The sales center will be on the right. For more
information about The Lakes at Centerra, Barefoot Lakes 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 homebuilders in the United
States, with more than 600,000 homes delivered since our founding in
1957. We operate in 36 markets in eight states, primarily serving
first-time and first move-up homebuyers, as well as active adults. We
are differentiated in offering customers the ability to personalize what
they value most in their home, from choosing their lot, floor plan, and
exterior, to selecting design and décor choices in our KB Home Studios.
In addition, our industry leadership in sustainability helps to lower
the cost of homeownership for our buyers compared to a typical resale
home. We take a broad approach to sustainability, encompassing energy
efficiency, water conservation, healthier indoor environments, smart
home capabilities and waste reduction. KB Home is the first national
builder to have earned awards under all of the U.S. EPA’s homebuilder
programs — ENERGY STAR®, WaterSense® and Indoor airPLUS®. We invite you
to learn more about KB Home by visiting www.kbhome.com,
calling 888-KB-HOMES, or connecting with us on Facebook.com/KBHome
or Twitter.com/KBHome.

Contacts

For Further Information:
Craig LeMessurier, KB Home
925-580-1583
or
clemessurier@kbhome.com