KB Home Announces the Opening of Its Oak Harbour Community in Punta Gorda

National builder debuts beautiful and spacious new homes in prime Southwest Florida location

KB Home (NYSE: KBH), one of the nation’s largest and most recognized homebuilders, today announced the grand opening of Oak Harbour in Punta Gorda, an idyllic new home community offering expansive, wooded homesites and five distinct floor plans near the area’s charming historic district and popular shopping, dining and entertainment destinations.

The private, gated community provides easy access to I-75 and US-41, and is located just five miles from the premier shops, restaurants, boutiques, and waterfront attractions at Fisherman’s Village.

Distinguished by spacious, open great rooms and flexible living and loft areas, the five one- and two-story home designs available at Oak Harbour range between 2,128 and 3,167 square feet, and can be personalized with up to seven bedrooms, five-and-a-half baths, and three-car garages. With no CDD fees, the attractively priced homes at Oak Harbour begin in the low $200,000s.

Homebuyers at Oak Harbour will be able to tailor their chosen floor plan to suit their individual preferences through KB Home’s unique homebuying experience. Standard and additional choices available to KB buyers at Oak Harbour include structural adjustments such as converting a floor plan’s designated flex space into a study, office or bedroom; interior décor details like flooring and cabinetry; and functional features like whole-home audio systems and flat-panel prewiring.

KB homes built at Oak Harbour will be ENERGY STAR® certified and include WaterSense® labeled faucets and fixtures, making them some of the most energy- and water-efficient residences available in the market, with the potential to help save homeowners money on their home’s utility costs.

KB Home’s Oak Harbour is now open in Punta Gorda. For more information, visit www.kbhome.com or call 888-KB-HOMES.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home's unique homebuilding approach lets each buyer customize their new home from lot location to floor plan and design features. As a leader in utilizing state-of-the-art sustainable building practices, all KB homes are highly energy efficient and meet strict ENERGY STAR® guidelines. This helps to lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). KB Home has been named an ENERGY STAR Partner of the Year Sustained Excellence Award winner for four straight years and a WaterSense® Partner of the Year for four consecutive years. A FORTUNE 1,000 company, Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.

KB HomeCara Kane, [e-mail]