KB Home Announces the Grand Opening of Sky Ranch

Homebuilder offers beautiful new single-family homes in a commuter
friendly Denver-area neighborhood; priced from the low-$300,000s

AURORA, Colo.–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24KBH&src=ctag" target="_blank"gt;$KBHlt;/agt; lt;a href="https://twitter.com/hashtag/Aurora?src=hash" target="_blank"gt;#Auroralt;/agt;–KB Home (NYSE: KBH) today announced the grand opening of Sky Ranch, its
latest collection of new single-family homes situated in east Aurora.
Located near Interstate 70 and E-470, Sky Ranch is convenient to Denver
International Airport, Denver Technological Center and downtown Denver.
Notable area employers include the Gaylord Rockies™ Resort and
Convention Center, Amazon^® Fulfillment Center and the
University of Colorado Anschutz Medical Campus.

At Sky Ranch, KB Home will construct 149 one- and two-story new homes
and offer 10 distinct floor plans. With up to six bedrooms and
four-and-a-half baths, and ranging in size from approximately 1,300 to
2,700 square feet, the KB homes at Sky Ranch feature desirable design
characteristics like spacious great rooms, ample storage and luxurious
master suites. Pricing begins in the low-$300,000s.

Residents of Sky Ranch can enjoy a plethora of recreational activities
within a short drive, including the campgrounds, water sports and
walking trails offered at Cherry Creek State Park and the 23 multi-use
sports fields of the 220-acre Aurora Sports Park. Golf enthusiasts can
enjoy the community’s proximity to several area golf courses, including
Meadow Hills, Murphy Creek and Saddle Rock. Sky Ranch residents will
also enjoy the planned community amenities being developed in phases,
including a large community park currently scheduled to open later this
year.

“KB homebuyers at Sky Ranch can personalize their new energy- and
water-efficient homes according to their needs with our flexible floor
plans and simplified process,” said Randy Carpenter, president for KB
Home’s Colorado division. “There is a lot to love about our new
collection of homes in this convenient location.”

KB Home will host a grand opening celebration at Sky Ranch,
Saturday–Sunday, May 11–12, 10 a.m.–6 p.m., during which attendees may
tour the two elegantly appointed model homes. Refreshments will be
provided both days, 1–4 p.m.

The KB homes at Sky Ranch will be built to current ENERGY STAR®
certification 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 $696 and $1,092 a year in utility costs, depending on
floor plan.

KB Home’s distinct home building process allows buyers to personalize
many aspects of their new home to suit their personal needs and style.
After selecting their lot and floor plan, KB home buyers can work with
expert design consultants who will guide them through every aspect of
the process at the KB Home Design Studio, a retail-like showroom where
they may select from a variety of design choices, including countertops,
cabinets, lighting, appliances and window coverings.

The Sky Ranch sales office is located at 871 Waterloo Cir., Aurora, CO.
From I-70 East, take exit 292/Airpark Rd. and head south on N. Monaghan
Rd. Turn right on E. 8th Pl., right on N. Waterloo St. and left on N.
Waterloo Cir. The community is on the right. The Sky Ranch sales office
is open Saturdays–Thursdays, 10 a.m.–6 p.m., and Fridays, 1–6 p.m. For
more information about Sky Ranch 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 38 markets in eight states, primarily serving
first-time and first move-up homebuyers, as well as second move-up and
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

Craig LeMessurier, KB Home
925-580-1583 or
clemessurier@kbhome.com