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KB Home Announces the Grand Opening of Its Newest Community in a Desirable Southeast Stockton, California Location

1. KB Home opens Parkside at Kennedy Ranch in Stockton, CA, priced from $430,000s. 2. The development features modern designs and energy-efficient homes tailored to buyers. 3. Located close to schools and recreational areas, boosting its attractiveness. 4. KB Home is recognized as a top customer-ranked national homebuilder in satisfaction. 5. Sales office for Parkside at Kennedy Ranch is open for tours and inquiries.

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Why Bullish?

KB's new development enhances local market presence, potentially driving demand and revenue, similar to successful launches in other regions that resulted in increased stock prices.

How important is it?

The article discusses a new community opening, which is a significant growth opportunity, highlighting KB's strengths in personalization and energy efficiency that can resonate positively with buyers.

Why Short Term?

Immediate sales boosts expected as interest in new homes rises, especially in desirable locations, as seen in previous launches that led to quick sales spikes and positive quarterly reports.

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DHILENPHM
-Parkside at Kennedy Ranch offers personalized, new homes close to schools, entertainment venues and outdoor recreation, priced from the $430,000s. STOCKTON, Calif.--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Parkside at Kennedy Ranch, a new community in a desirable southeast Stockton, California location close to the Sacramento-San Joaquin River Delta. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, bedroom suites with walk-in closets, and ample storage space. Parkside at Kennedy Ranch’s one- and two-story floor plans feature up to six bedrooms and four baths. Homeowners will also appreciate the proximity to schools. What sets KB Home apart is the company’s focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site. “We are pleased to offer Central Valley homebuyers a new community in a prime southeast Stockton location that is walking distance to schools and close to the Sacramento-San Joaquin River Delta for boating, waterskiing and fishing,” said Matt Sauls, President of KB Home’s North Bay and Central Valley divisions. “Parkside at Kennedy Ranch is close to entertainment venues in downtown Stockton, including Adventist Health Arena, Banner Island Ballpark and Weber Point Events Center. At KB Home, we’re here to help you achieve your dream with a personalized new home built uniquely for you and your life.” Innovative design plays an essential role in every home KB builds. The company’s floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR® certified — a standard that fewer than 12% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification. Parkside at Kennedy Ranch is in a commuter-friendly location that offers homebuyers an exceptional lifestyle. The new community is situated at the corner of Pock Lane and East Loomis Road, close to Interstate 5 and Highway 99 and providing easy access to downtown Stockton, Stockton Metropolitan Airport and the area’s major employment centers, including Airpark 599, a 272-acre industrial park with proposed Class A space. Parkside at Kennedy Ranch is convenient to popular shopping, dining and entertainment as well as the Regional Sports Complex, which offers softball and soccer fields, a concession stand and picnic shelter. The new neighborhood is also a short drive to Yosemite National Park and the Sierra Nevada Mountains, which feature year-round outdoor recreation and world-class resorts. The Parkside at Kennedy Ranch sales office and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from $430,000s. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com. About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com. More News From KB Home

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