KB Home Resumes Operations in the Mid-Atlantic Region
KB Home to Offer New, Energy-Efficient Home Designs from The Open
Series in Washington, D.C., Area
LOS ANGELES, Sep 16, 2009 (BUSINESS WIRE) -- KB Home (NYSE: KBH), one of America's premier homebuilders, today
announced that it is resuming its homebuilding operations in the
Mid-Atlantic region, including Maryland and Virginia. The move further
bolsters the company's presence along the eastern seaboard of the United
States, where it already has operations across Florida and the Carolinas.
"Our nation's capital has some of the country's most vibrant and
historic residential neighborhoods," said Vince DePorre, regional
president of KB Home's southeast operations, who will continue to
oversee the Mid-Atlantic division. "We have always viewed the
Washington, D.C., area as a strategic market, and sustained a presence
in the region even as we moved to preserve cash, lower expenses and
reduce inventory companywide. In addition to providing outstanding
customer service to our homeowners, we retained some of our most
valuable land options with an eye toward rolling out new communities
when the time was right. That time is now, and we look forward to
contributing to the economic growth of the Washington, D.C., area."
Many of the designs KB Home intends to build in the Mid-Atlantic region
will be from The Open Series(TM), KB Home's new generation of affordable,
flexible and energy-efficient homes, offering buyers extraordinary
choice and value through the company's Built to Order(TM) experience. KB
Home has also made a commitment to build all of its new home communities
to the U.S. Environmental Protection Agency's stringent ENERGY STAR(R)
guidelines, reducing buyers' carbon footprint and cost of home ownership
for years to come.
"We believe there is a growing demand for high-quality, energy-efficient
and affordably priced new homes in the Washington, D.C., area,"
continued DePorre. "Our homes from The Open Series are designed to give
today's buyers exactly what they are looking for, while offering an
incredible level of personalization to reflect each buyer's unique style
and budget."
About KB Home
KB Home, one of the nation's leading homebuilders, has delivered
hundreds of thousands of quality homes for families since its founding
in 1957. The Company is distinguished by its Built to Order(TM)
homebuilding approach that puts a custom home experience within reach of
its customers at an affordable price. KB Home's award-winning homes and
communities meet the needs of first-time homebuyers with flexible
designs that also appeal to move-up buyers and active adults. Los
Angeles-based KB Home was named the #1 homebuilder on FORTUNE(R) magazine's
2009 "World's Most Admired Companies" list. This marks the second year
in a row and the third time in the past four years that KB Home has
achieved the top ranking. The Company trades under the ticker symbol
"KBH" and was the first homebuilder listed on the New York Stock
Exchange. For more information about any of KB Home's new home
communities, call 888-KB-HOMES or visit www.kbhome.com.
SOURCE: KB Home
KB Home
Heather Reeves, 310-231-4142
hreeves-x@kbhome.com
Copyright Business Wire 2009