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KB Home Announces the Grand Opening of Its Newest Community in Indian Trail, North Carolina

1. KB Home opens Sheffield community in Indian Trail, offering new one- and two-story homes. 2. Homes feature modern designs with personalization options for buyers. 3. KB Home is highly rated for customer satisfaction and sustainability. 4. Community offers access to parks, shops, and restaurants for family-friendly living. 5. Pricing begins in the low $400,000s, targeting affordable home buyers.

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Why Bullish?

The launch of a new community can boost sales momentum, thus positively influencing KBH's stock.

How important is it?

New home launches typically drive company growth and investor interest, influencing stock performance.

Why Short Term?

Immediate interest from homebuyers could lead to accelerated sales in the coming quarters.

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CHARLOTTE, N.C.--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Sheffield, a new-home community in Indian Trail. These new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. The community’s one- and two-story floor plans feature up to five bedrooms and three baths. Sheffield is situated in a serene country setting and offers wooded homesites and a walking trail throughout the community. 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 homebuyers in the Charlotte area spacious new one- and two-story homes in a quiet enclave with wooded homesites,” said Bill Kiselick, President of KB Home’s Charlotte division. “Families will also appreciate the community’s proximity to family friendly parks, quaint shops and popular restaurants. 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. Sheffield is situated off Indian Trail Fairview Road, which is convenient to Interstate 485 and U.S. Route 74 for easy access to uptown Charlotte and Ballantyne. Residents will also enjoy the community’s proximity to Chestnut Square Park and Crooked Creek Park for a variety of recreation, including volleyball, tennis, football and baseball and nearby boutique shopping at Kimberli’s Place and The Bridge for ice cream and desserts. The Sheffield 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 the low $400,000s. 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 47 markets, have built over 680,000 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

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