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Summary

The report is a comprehensive review of the company's progress toward sustainability, identifying both ongoing initiatives & operational challenges, as well as future commitments & actions

Report Highlights

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KB Home (NYSE:KBH), one of America’s largest homebuilders, today announced its first ever sustainability report, available at www.kbhome.com/sustainability. The KB Home Sustainability Report is a comprehensive review of the Company’s progress toward sustainability, identifying both ongoing initiatives and operational challenges, as well as KB Home’s future commitments and actions.

“Our business requires a delicate balance between the societal need for affordably priced new homes and the environmental need to use our limited natural resources wisely,” said Jeffrey Mezger, president and chief executive officer of KB Home. “The opportunities for KB Home to make a measurable impact in this area are immense, and we are committed to making sustainability an integral part of how we do business.”

In 2007, KB Home launched its My Home. My Earth™ strategic environmental initiative, which focuses on ways the Company can become a leading environmentally friendly national company while creating a companywide culture of sustainability. The Company’s inaugural sustainability report is an important step in that process.

The report explains KB Home’s perspective on the environment, how it empowers homebuyers to participate in sustainability, and initiatives undertaken in 2007 that advanced the Company’s sustainability commitments. The report also details a number of specific, measurable actions the Company will take in support of its sustainability objectives, including establishing a companywide standard that all homes will be fully compliant with today’s ENERGY STAR® certification requirements beginning with new communities opening in 2009.

In compiling the report, the company followed the Global Reporting Initiative (GRI) Guidelines.

KB Home has been building quality homes for families for more than 50 years. Headquartered in Los Angeles, the Company has operating divisions in nine states, building communities from coast to coast. KB Home was named the #1 homebuilder in FORTUNE magazine’s 2008 list of America’s Most Admired Companies®.