Citigroup, Credit Suisse,
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any senior notes nor shall there be any sale of senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The senior notes offering is being made only by means of the prospectus supplement and accompanying prospectus.
Corporate Profile
Forward-Looking and Cautionary Statements
Certain matters discussed in this press release, including any
statements that are predictive in nature or concern future market and
economic conditions, business and prospects, our future financial and
operational performance, or our future actions and their expected
results are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations and projections about
future events and are not guarantees of future performance. We do not
have a specific policy or intent of updating or revising forward-looking
statements. Actual events and results may differ materially from those
expressed or forecasted in forward-looking statements due to a number of
factors. The most important risk factors that could cause our actual
performance and future events and actions to differ materially from such
forward-looking statements include, but are not limited to: general
economic, employment and business conditions; adverse market conditions
that could result in additional impairments or land option contract
abandonment charges and operating losses, including an oversupply of
unsold homes, declining home prices and increased foreclosure and short
sale activity, among other things; conditions in the capital and credit
markets (including residential consumer mortgage lending standards, the
availability of residential consumer mortgage financing and mortgage
foreclosure rates); material prices and availability; labor costs and
availability; changes in interest rates; inflation; our debt level,
including our ratio of debt to total capital, and our ability to adjust
our debt level and structure and to access the credit, capital or other
financial markets or other external financing sources; weak or declining
consumer confidence, either generally or specifically with respect to
purchasing homes; competition for home sales from other sellers of new
and existing homes, including sellers of homes obtained through
foreclosures or short sales; weather conditions, significant natural
disasters and other environmental factors; government actions, policies,
programs and regulations directed at or affecting the housing market
(including, but not limited to, the 2010 Dodd-Frank Wall Street Reform
and Consumer Protection Act, tax credits, tax incentives and/or
subsidies for home purchases, tax deductions for residential consumer
mortgage interest payments and property taxes, tax exemptions for
profits on home sales, and programs intended to modify existing mortgage
loans and to prevent mortgage foreclosures), the homebuilding industry,
or construction activities; the availability and cost of land in
desirable areas; our warranty claims experience with respect to homes
previously delivered and actual warranty costs incurred; legal or
regulatory proceedings or claims; our ability to access capital; our
ability to use/realize the net deferred tax assets we have generated;
our ability to successfully implement our current and planned product,
geographic and market positioning (including, but not limited to, our
efforts to expand our inventory base/pipeline with desirable land
positions or interests at reasonable cost and to expand our community
count and open new communities, and our increasing operational and
investment concentration in markets in
310-893-7446
kmarshall@kbhome.com
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