NEWSROOM

KB Home Releases Preliminary September Net Orders

Wednesday, October 2, 2002 5:08 am PDT

Dateline:

LOS ANGELES

Public Company Information:

NYSE:
KBH

KB Home (NYSE: KBH) today released preliminary net orders for the month and fiscal year to date September 2002. Presented below is preliminary net order information along with year-over-year percent changes.

       
September 2002 Fiscal YTD September 2002
Net Orders     % Change Net Orders     % Change
West Coast 287 27.6% 5,262 30.8%
Southwest 332 -7.0 5,061 -14.0
Central 488 -8.3 8,007 -5.9
Total U.S. 1,107 -0.6 18,330 -0.5
France 243 17.4 2,989 20.2
Total 1,350 2.2% 21,319 2.0%
 

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 families 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 www.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.

Contact:

KB Home
Clem Teng, 310-231-4033 (investor relations)
cteng@kbhome.com
or
Kate Mulhearn, 310-231-4147 (media)
kmulhearn@kbhome.com

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