NEWSROOM

KB Home's Q4 Conference Call to be Broadcast Live on kbhome.com

Tuesday, December 17, 2002 5:08 am PST

Dateline:

LOS ANGELES

Public Company Information:

NYSE:
KBH

KB Home (NYSE: KBH) today announced that the Company will release earnings for the fourth quarter and fiscal year ended November 30, 2002 before the market opens on January 16, 2003, and will hold a live webcast of its conference call that same day at 11:00 a.m. EST, 8:00 a.m. PST. The Company's Chairman and Chief Executive Officer Bruce Karatz, and Senior Vice President and Chief Financial Officer Dom Cecere will conduct the conference call.

To listen to the call, go to the investor relations section of the KB Home Web site at www.kbhome.com and select the live web broadcast icon. Listeners must have a multimedia computer with speakers and Microsoft's Windows Media Player installed. The webcast will be available for immediate replay at the KB Home Web site and will be archived for 30 days.

KB Home is one of America's premier homebuilders with domestic operating divisions in the following regions and states: West Coast-California; Southwest-Arizona, Nevada and New Mexico; and Central-Colorado, Texas and Florida. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2001, the Company delivered 24,868 homes 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 1-888-34-HOMES or visit the Company's Web site at www.kbhome.com .

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