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KB Home Announces the Grand Opening of Its Newest Community in Popular Hollister, California

1. KB Home opens Everglen community in Hollister, California with new homes. 2. Everglen offers modern features including spacious floor plans and energy efficiency. 3. KB Home is #1 ranked for customer satisfaction, emphasizing personalized homebuilding. 4. Community location provides access to major employers and outdoor recreation. 5. Pricing for new homes starts in the low $700,000s, attractive for buyers.

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FAQ

Why Bullish?

The opening of a new community typically boosts demand. Similar previous launches have seen positive market responses.

How important is it?

The launch of Everglen is significant as it impacts sales directly. New home communities often lead to increased revenue, indicating strong market interest.

Why Short Term?

Initial sales from Everglen will likely influence KBH stock price shortly. Past openings have resulted in immediate upticks.

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SPNBLENDHI
HOLLISTER, 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 Everglen, a new community of one- and two-story homes in desirable Hollister, California. The new homes at Everglen 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 ample storage space. The community’s floor plans feature up to five bedrooms and three-and-a-half baths with one plan featuring a secondary living space, which includes a private entrance, kitchenette, laundry room and bathroom. Homeowners will appreciate the amazing mountain views and 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 homebuyers in the South Bay spacious new one- and two-story homes at a beautiful community,” said Oren Hershkovich, Regional General Manager of KB Home Northern California. “Families will appreciate the proximity to schools, the beautiful mountain views as well as the proximity to outdoor recreation and award-winning wineries. 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. Everglen is situated in a commuter-friendly location that offers homebuyers an exceptional lifestyle. The community is located at the corner of North Chapelle Road and Gentle Rain Drive close to Highway 25, providing easy access to US-101, downtown San Jose and Silicon Valley’s major employers. Everglen is close to boutique shopping, dining and entertainment in downtown Hollister as well as award-winning vineyards. Outdoor enthusiasts will also appreciate the community’s proximity to Hollister Hills State Vehicular Recreation Area and Pinnacles National Park, which features camping and hiking. The Everglen sales office and model home 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 $700,000s. 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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