NEWSROOM

KB Home to Broadcast Business Update Live on Kbhome.com

Thursday, September 26, 2002 5:08 am PDT

Dateline:

LOS ANGELES

Public Company Information:

NYSE:
KBH

KB Home's (NYSE: KBH) Chairman and CEO Bruce Karatz will provide a business update and an overview of the Company's financial performance to analysts and the financial community live from New York City on Monday, September 30 at 1:00 p.m. Eastern Time, 10:00 a.m. Pacific Time.

To listen to the live broadcast click on the audio icon on the Investor Relations section of the KB Home Web site at www.kbhome.com. Listeners must have a multimedia computer with speakers and Microsoft's Media Player. An archive of the presentation will be available on the KB Home Web site within 24 hours of the live presentation and will be archived for 30 days.

KB Home is one of America's largest homebuilders with domestic operating divisions in some of the fastest-growing areas of the country including: West Coast -- California; Southwest -- Arizona, Nevada and New Mexico; and Central -- Colorado, Florida and Texas. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2001, the Company delivered homes to 24,868 in the United States and France. It also operates KB Home Mortgage Company, a full-service mortgage company for the convenience of its buyers. Founded in 1957, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 888-KB-HOMES or visit the Company's Web site at kbhome.com.

Except for the historical information contained herein, certain matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including any statements concerning future financial performance, business and prospects, and future Company actions and their expected results. These forward-looking statements are subject to risks, uncertainties and assumptions including, but not limited to, the continued impact of terrorist activities and U.S. response, accelerating recessionary trends and other adverse changes in general economic conditions, material prices, labor costs, interest rates, the secondary market for loans, consumer confidence, competition, currency exchange rates (insofar as they affect the Company's operations in France), environmental factors, government regulations affecting the Company's operations, the availability and cost of land in desirable areas, unanticipated violations of Company policy, unanticipated legal proceedings, and conditions in the capital, credit and homebuilding markets. See the Company's Annual Report on Form 10-K and its Annual Report to Shareholders for the year ended November 30, 2001 and its other filings for a further discussion of these and other risks and uncertainties applicable to the Company's business

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