April 11, 2017

KB Home Earns 2017 ENERGY STAR® Partner of the Year - Sustained Excellence Award, Marking Its Seventh Consecutive Win

KB Home celebrates milestone award for Sustained Excellence, an unprecedented record of recognition among national homebuilders

LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE:KBH) is pleased to announce that it has been named a 2017 ENERGY STAR Partner of the Year - Sustained Excellence Award winner for continued leadership in protecting the environment through superior energy efficiency achievements. It is the first national homebuilder to have earned the award for seven consecutive years. KB Home's accomplishments will be recognized by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy in Washington, D.C. on April 26, 2017.

KB Home, an ENERGY STAR partner since 2000, was also recently recognized by the EPA for having constructed 100,000 ENERGY STAR homes, with more than 9,800 built in 2016. Since 2000, these KB ENERGY STAR homes are estimated to have cumulatively saved homeowners more than $310 million on utility bills, while preventing greenhouse gas emissions equivalent to those from 335,000 passenger vehicles. Every ENERGY STAR certified home must meet EPA's rigorous requirements for energy efficiency and undergo third-party testing and verification.

"We are honored to be recognized with this prestigious award for the seventh year in a row, and we are proud of our leadership position in the homebuilding industry, having built more than 100,000 ENERGY STAR homes," said Jeffrey Mezger, KB Home chairman, president, and chief executive officer. "Our partnership with the ENERGY STAR program continues to be a core component of our longstanding commitment to sustainable building practices. In addition to minimizing the environmental impact of our homes, these energy-efficient features can lower our homeowners' long-term cost of homeownership compared to typical new or resale homes. At the same time, our sustainability initiatives have been a meaningful differentiator for today's homebuyers, and elevated our brand in the marketplace."

KB Home takes a broad approach to sustainability, focusing on energy efficiency, as well as water conservation, healthier indoor environments, smart home capabilities and waste reduction, all of which it strives to incorporate into its homes at little or no additional cost to its customers. KB Home is the only national builder to have won awards under all of the EPA programs aimed at homebuilders — ENERGY STAR, WaterSense®, which establishes water efficiency standards, and Indoor airPLUS®, which focuses on indoor air quality.

KB Home continuously explores new ways to increase the efficiency of its homes and expand its impact in the area of sustainability within the homebuilding industry and beyond. The Company was the first homebuilder to introduce a proprietary method for rating the energy performance of a home, the Energy Performance Guide® (EPG®), which provides consumers with an easy way to understand and compare the energy efficiency and potential utility bill savings of each KB home nationwide.

2017 marks the 10th anniversary of KB Home's annual Sustainability Report, a first of its kind in the homebuilding industry, which details KB Home's commitment to and progress in the area of sustainability.

About KB Home

KB 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.

About ENERGY STAR

ENERGY STAR has 16,000 partners working to protect the environment through greater energy efficiency, including manufacturers, retailers, public schools, hospitals, real estate companies, and home builders. Since 1992, ENERGY STAR and its partners have saved American families and businesses $430 billion on their energy bills and 4.6 trillion kilowatt-hours of energy, while achieving broad emissions reductions—including 2.8 billion metric tons of greenhouse gas emissions.

ENERGY STAR® is the simple choice for energy efficiency. For 25 years, EPA's ENERGY STAR program has been America's resource for saving energy and protecting the environment. Join the millions already making a difference at energystar.gov.

KB Home
Susan Martin, 310-231-4142
smartin@kbhome.com

Source: KB Home

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