KB Home Announces the Grand Opening of Newfield in Gardena

New, gated community with homes priced from the low-$500,000s debuts in prime location near major L.A. County transportation routes, employment centers, and beach cities

KB Home (NYSE: KBH) today announced the grand opening of Newfield, a sophisticated collection of 96 three-story townhome-style condominiums located in the Los Angeles County City of Gardena. Conveniently situated on Normandie Avenue near Highway 91, Interstate 405, Interstate 110 and the Metro Green and Silver Lines, Newfield offers convenient commutes to major employment centers in downtown Los Angeles and the South Bay.

Newfield is close to California State University, Long Beach, and a number of significant area employers. Homeowners at Newfield can enjoy a short drive to beach cities, the South Bay Galleria, Alondra Park and Golf Course, and Harbor-UCLA Medical Center.

The three-story floor plans available at Newfield range from 1,784 to 1,914 square feet, and can be built with up to four bedrooms, three-and-a-half baths, and a two-car garage. A tot lot is planned at the gated community. Pricing begins in the low-$500,000s.

The energy-efficient home designs offered at Newfield include a number of energy- and water-saving features such as the Carrier® Côr™ smart thermostat, ENERGY STAR® certified appliances and WaterSense® labeled fixtures, which can help lower utility bills for KB homeowners.

Newfield is now open at Normandie Avenue and W. 145th Street in Gardena. From I-405 South, exit Redondo Beach Boulevard heading east. Turn left on Normandie Avenue to the community on the right.

About KB HomeKB 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.

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KB HomeCraig LeMessurier, [e-mail]