KB Home Acquires Houston Property for New Centrally Located Community

New gated Spring Branch development to offer a broad array of home designs close to jobs, schools, and other attractions in one of Houston’s leading commercial corridors

HOUSTON--()--KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced it has acquired land for a new community called Hollister Commons in Houston’s sought-after Spring Branch submarket. Conveniently nestled inside the Beltway near the I-10 and Highway 290, this new Central West neighborhood will offer residents prime proximity to downtown Houston, the Energy Corridor, and more. The community is anticipated to open in the summer of 2015.

“Location is one of the most important factors buyers consider when deciding to purchase a home, and Hollister Commons presents an ideal opportunity to live in an established area that offers short commutes to thriving business and employment centers, well-regarded schools, and shopping, entertainment and other metropolitan conveniences,” said Jim Harrison, president of KB Home’s Houston division. “KB homeowners at Hollister Commons will be able to take advantage of everything this vibrant area has to offer from the comfort of a smartly-designed home personalized for the way they want to live.”

KB Home plans to construct 44 single-family residences at Hollister Commons, with pricing anticipated to begin in the low $300,000s. Hollister Commons homebuyers will be able to customize nearly everything about their home through KB Home’s unique homebuying experience. In addition to selecting their specific lot location, floor plan and structural features, KB homebuyers will work one-on-one with an expert design consultant at the KB Home Studio to select the various décor, technology, and sustainability-focused components that are included or can be incorporated in a KB home.

Already one of Houston’s most active homebuilders, KB Home is currently open for new home sales at 30 communities throughout the area, offering a variety of home designs, locations and pricing to appeal to a wide range of buyers.

To learn more about Hollister Commons, or other KB Home neighborhoods, visit www.kbhome.com or call 888-KB-HOMES.

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 unique homebuilding approach lets each buyer customize their new home from lot location to floor plan and design features. As a leader in utilizing state-of-the-art sustainable building practices, all KB homes are highly energy efficient and meet strict ENERGY STAR® guidelines. This helps to lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). KB Home has been named an ENERGY STAR Partner of the Year Sustained Excellence Award winner for four straight years and a WaterSense® Partner of the Year for three consecutive years. A FORTUNE 1,000 company, 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.

Contacts

KB Home
Cara Kane, 321-299-6844
ckane@kbhome.com

Release Summary

KB Home announces recent land acquisition for a new Houston community in Spring Branch.

Contacts

KB Home
Cara Kane, 321-299-6844
ckane@kbhome.com