Innovative New Design by KB Home Wins 2009 Parade of Homes Merit Award

KB Home (NYSE:KBH) has been awarded a 2009 Parade of Homes Merit Award from the Home Builders Association of Metro Orlando in the Outstanding Feature category. KB Home received the award for its 2550 model home’s innovative floor plan design and spaciousness. The winning home is from The Open Series™, KB Home’s new generation of flexible and energy-efficient home designs that are affordably priced to compete with resale and foreclosure homes. Home shoppers can tour this award-winning home at Arbor Ridge daily from 10 a.m. to 7 p.m. In addition, a variety of floor plans from The Open Series are now available at a growing number of KB Home communities in Orlando and across the country.

"Our new homes from The Open Series have created a lot of excitement with home shoppers and we are pleased that the Home Builders Association of Metro Orlando has recognized KB Home for its design innovation,” said George Glance, president of KB Home’s Central Florida division. "The award-winning model is a perfect example of what The Open Series is all about—offering affordable, energy efficient and flexible designs that maximize the potential of every square foot of living space in the home.”

The winning floor plan includes three bedrooms, two and a half baths and a two-car garage. The home is designed to maximize living space, both indoors and out, with an open floor plan featuring a great room that leads into a large kitchen. An optional island is ideal for quick meals, food preparation and extra workspace, while a dining nook can also be added to create an eat-in kitchen. For homeowners who prefer to dine or relax outdoors, the back patio can be extended to create a seamless flow of indoor/outdoor living space. A downstairs den, adjacent to the great room, can be used in a variety of ways to suit each buyer’s lifestyle, whether it be a home office, media center or craft room. Upstairs, another multiuse space can remain open as a loft or be converted into a fourth bedroom.

According to the 2009 Parade of Homes Industry Panel of Judges, "The Home Builders Association of Metro Orlando selected KB Home’s 2550 floor plan because of how open and spacious the home feels. The plan is very well designed with little wasted space, allowing it to live and feel like a much larger home.”

All homes from The Open Series are built to exacting ENERGY STAR® guidelines, making them among the most energy-efficient new homes available today. ENERGY STAR qualified homes are up to 45% more energy-efficient than homes built as recently as 10 years ago, allowing buyers to reduce their environmental impact and monthly utility bills for years to come.

The award-winning floor plan is also available at other communities in the Orlando area, as well as Tampa, Florida and Dallas, Texas. To learn more about Arbor Ridge and other KB Home communities featuring designs from The Open Series, call 888-KB-HOMES or visit www.kbhome.com.

About KB Home

KB Home, one of the nation's leading homebuilders, has delivered hundreds of thousands of quality homes for families since its founding in 1957. The Company is distinguished by its Built to Order™ homebuilding approach that puts a custom home experience within reach of its customers at an affordable price. KB Home's award-winning homes and communities meet the needs of first-time homebuyers with flexible designs that also appeal to move-up buyers and active adults. Los Angeles-based KB Home was named the #1 homebuilder on FORTUNE® magazine's 2009 "World’s Most Admired Companies” list. This marks the second year in a row and the third time in the past four years that KB Home has achieved the top ranking. The Company trades under the ticker symbol "KBH," and was the first homebuilder listed on the New York Stock Exchange. For more information about any of KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.