New homes priced from the low-$500,000s now available in prime location near historic downtown area and major freeways

KB Home (NYSE: KBH) today announced the grand opening of Centerpointe, a distinctive collection of 117 three-story homes situated in the Los Angeles County City of Downey. Located at the southwest corner of Paramount Boulevard between 7th and 5th Streets, Centerpointe is convenient to several freeways and is within walking distance of the dynamic shopping and dining options in the City’s recently revitalized downtown area.

A unique Gateway City in the heart of Southern California, Downey is distinguished by its vibrant downtown district, centralized location, top medical facilities, pleasant residential neighborhoods, and excellent golf courses. KB homeowners at Centerpointe will also benefit from the community’s proximity to Interstates 105, 5, 605 and 710 for easy access to the many commercial and employment corridors and countless entertainment, cultural and recreational activities available throughout Southern California.

The three-story KB homes offered at Centerpointe range up to 2,124 square feet, and can include as many as four bedrooms and three-and-a-half baths. Pricing begins in the low-$500,000s. The energy- and water-efficient homes will be built to exacting ENERGY STAR® guidelines, with WaterSense® labeled faucets and fixtures, which can help lower utility bills for KB homeowners.

KB Home’s Centerpointe is now open at 10716 Paramount Boulevard in Downey. For more information, visit www.kbhome.com or call 888-KB-HOMES.

About KB Home

KB Home (NYSE: KBH) is one of the largest and most recognized homebuilders in the United States and an industry leader in sustainability, building innovative and highly energy- and water-efficient new homes. Founded in 1957 and the first homebuilder listed on the New York Stock Exchange, the Company has built nearly 600,000 homes for families from coast to coast. Distinguished by its personalized homebuilding approach, KB Home lets each buyer choose their lot location, floor plan, décor choices, design features and other special touches that matter most to them. To learn more about KB Home, call 888-KB-HOMES, visit www.kbhome.com or connect on Facebook.com/KBHome or Twitter.com/KBHome.

KB HomeCraig LeMessurier, 925-983-4509clemessurier@kbhome.com

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