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KB Home Announces the Grand Opening of Its Newest Community in Popular Raleigh, North Carolina

1. KB Home opens Richland Reserve, a new townhome community in Raleigh. 2. New homes feature modern designs and ENERGY STAR® certification for efficiency. 3. KB Home emphasizes personalization and customer satisfaction, ranked #1 nationally. 4. Pricing starts in the $290,000s, appealing to prospective homebuyers. 5. Community benefits from convenient access to recreation and transportation.

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FAQ

Why Bullish?

The new community launch may increase KBH sales and visibility, similar to past openings that boosted stock performance.

How important is it?

The successful launch of new homes can enhance KBH's market position and financials, positively influencing investor sentiment.

Why Short Term?

The immediate market response to new developments typically drives short-term interest; recent home sales spikes show this trend.

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DHILENPHM
January 16, 2025 08:00 AM Eastern Standard Time RALEIGH, 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 Richland Reserve, a new townhome community in Raleigh. These new townhomes 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 upstairs laundry rooms. The community’s two-story floor plans feature up to three bedrooms and two-and-a-half baths. 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. 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 range of design packages 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 North Raleigh spacious new townhomes with low-maintenance living near local schools,” said Doug Schwartz, President of KB Home’s Raleigh division. “Families will appreciate the community’s proximity to a variety of outdoor recreation, including Falls Lake State Recreation Area and downtown Wake Forest for shopping and dining. 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. Richland Reserve is situated in a commuter-friendly location off Common Oaks Drive and convenient to Highway 98, Interstate 540 and US-1 for easy access to medical centers and downtown Wake Forest. Residents will also enjoy the community’s proximity to a variety of outdoor recreation, including Fantasy Lake Adventure Park and Falls Lake State Recreation Area. The Richland Reserve 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 $290,000s. 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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