KB Home Purchases Land for New Community in Katy

Built to Order builder unveils plans for new community within Katy ISD

HOUSTON--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced that it has acquired a 103 acre parcel of land in Katy, Texas, a western suburb of Houston. The builder, distinguished by its Built to Order™ approach, will begin construction on model homes at the site, located off the Katy Freeway approximately one and a half miles west of FM 1463, early next year.

“We’re enthusiastic about continuing to be an active member of the Katy community and announcing our plans to bring more Built to Order home choices to buyers in one of the most desirable submarkets of Houston”

“We’re enthusiastic about continuing to be an active member of the Katy community and announcing our plans to bring more Built to Order home choices to buyers in one of the most desirable submarkets of Houston,” said Jim Widner, regional president of KB Home. “Our past successes in the area have shown us that homebuyers value Katy’s great appeal, including its highly-rated schools and proximity to premier shopping and dining.”

KB Home’s acquisition allows the homebuilder to add to its growing collection of new home communities in Katy. KB Home is currently selling new homes in four communities in the city. Plans for this most recent acquisition include construction of approximately 275 Built to Order single family homes ranging in size from 2,000 to 4,000 square feet.

With Built to Order, homebuyers can choose their lot location, the floor plan that goes on it and many of the design features included in it in order to get their new home built just the way they want it. KB Home’s newest Katy community will also include a recreation center with a resort-style pool, neighborhood parks and walking trails for residents’ enjoyment.

For more information about all of KB Home’s communities in the Houston area, including Katy, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in the most recent study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine's 2011 World's Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.