KB Home Launches the Open Series™ Line of Homes in Las Vegas

KB Home (NYSE: KBH), one of America’s largest homebuilders, recently introduced The Open Series™ at its Manchester Park community in Las Vegas. The Open Series is an array of innovative new home designs, exclusively from KB Home, that bring affordability and flexibility back to today’s housing market. These Built to Order™ home designs are affordably priced to compete with resale and foreclosure homes. Pricing for The Open Series homes in Las Vegas begins at $119,990. Two model homes from The Open Series at KB Home’s Manchester Park community are now open for tours.

KB Home has conducted extensive research with homebuyers across the country to develop The Open Series. These studies have revealed that today’s buyers are looking for flexible floor plans that give them the power to add or subtract bedrooms, multi-use spaces and storage areas. The Open Series enables homebuyers to add up to 40% more living space to the base model of a home on the same homesite, with smart, lifestyle-oriented floor plans that flood the home with natural light and create a seamless flow between living spaces.

The Open Series homes are built to exacting ENERGY STAR® guidelines, making them among the most energy-efficient new homes available today. ENERGY STAR qualified homes are up to 45% more energy-efficient than homes built as recently as 10 years ago, allowing buyers to reduce their carbon footprint and monthly utility bills for years to come.

"We are excited to bring The Open Series home designs to Las Vegas,” said Jim Widner, regional president of KB Home. "The response from our homebuyers has been tremendous. The combination of affordability, flexibility and energy efficiency is exactly what today’s homebuyers are looking for in a new home. And they are thrilled to discover that they can afford to build a brand new home just the way they want it.”

KB Home’s Manchester Park community is located within the Providence master plan community and is now offering four floor plans from The Open Series. Two designer decorated model homes showcase the opportunities and flexibility these all-new home designs provide to new home buyers. The first model is a single story home with three bedrooms, two baths and a two-car garage. Buyers appreciate the open great room living area connected to the kitchen, with an optional covered patio area to extend the living space outdoors. The second model home is a two-story plan that also features three bedrooms, two baths and a two-car garage. This plan can be "flexed” to include up to five bedrooms or other rooms such as a den, office or play room. All of The Open Series homes at Manchester Park feature efficiently-designed, open, airy spaces with an abundance of natural light and large back yards.

All of The Open Series homes are Built to Order™, providing buyers a level of choice in designing their new homes that was previously available only with high-end custom homes. KB Home’s Built to Order experience enables buyers to choose from a variety of brand-name design options at the KB Home Studio, so their home reflects their personal taste and lifestyle, as well as their budget.

Consistent with KB Home’s standing as the only major homebuilder to achieve national certification through the NAHB Research Center’s National Housing Quality program, The Open Series homes are built using high quality materials and components and are backed by KB Home’s 10-Year Limited Warranty. KB Home homebuyers, the majority of whom are buying a home for the first time, appreciate the peace of mind that comes from choosing a Company that has been building quality homes for more than 50 years.

Visit www.kbhome.com or call 888-KB-HOMES to learn more about The Open Series in Las Vegas at KB Home’s Manchester Park community.

About KB Home

KB Home, one of the nation's leading homebuilders, has delivered hundreds of thousands of quality homes for families since its founding in 1957. The company is distinguished by its Built to Order™ homebuilding approach that puts a custom home experience within reach of its customers at an affordable price. KB Home's award-winning homes and communities meet the needs of first-time homebuyers with flexible designs that also appeal to move-up buyers and active adults. Los Angeles-based KB Home was named the #1 homebuilder on FORTUNE^® magazine's 2009 "World’s Most Admired Companies” list for the second year in a row. The company trades under the ticker symbol "KBH," and was the first homebuilder listed on the New York Stock Exchange. For more information about any of KB Home's new home communities call 888-KB-HOMES or visit www.kbhome.com.