KB Home Declares Quarterly Dividend

Business Wire, Oct 5, 2006

LOS ANGELES -- The board of directors of KB Home (NYSE:KBH) has declared a quarterly cash dividend of twenty-five cents ($.25) per share on the Company's common stock, payable on November 22, 2006 to shareholders of record on November 8, 2006.

Building homes for nearly half a century, KB Home is one of America's premier homebuilders with domestic operating divisions in the following regions and states: West CoastCoCalifornia; SouthwestCoArizona, Nevada and New Mexico; CentralCoColorado, Illinois, Indiana, Louisiana and Texas; and SoutheastCoFlorida, Georgia, Maryland, North Carolina, South Carolina and Virginia. Kaufman & Broad S.A., the Company's publicly-traded French subsidiary, is one of the leading homebuilders in France. In fiscal 2005, the Company delivered homes to 37,140 families in the United States and France. KB Home also offers complete mortgage services through Countrywide KB Home Loans, a joint venture with Countrywide Financial Corporation. Founded in 1957, and ranked the #1 homebuilder in Fortune Magazine's 2006 list of America's Most Admired Companies, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 888-KB-HOMES (888-KB-CASAS) or visit http://www.kbhome.com (http://www.kbcasa.com).