KB Home to Broadcast Presentation at the Credit Suisse 2006 Homebuilding Symposium

Business Wire, Sept 1, 2006

LOS ANGELES -- KB Home's (NYSE:KBH) Senior Vice President and Chief Financial Officer Dom Cecere will speak at the Credit Suisse 2006 Homebuilding Symposium on Tuesday, September 12, 2006 at 5:00 a.m. Pacific Daylight Time; 8:00 a.m. Eastern Daylight Time. The presentation will be broadcast live on the Internet.

To listen to the live broadcast, select the audio icon on the Investor Relations section of the KB Home Web site at http://www.kbhome.com. Listeners must have a multimedia computer with speakers and Microsoft's Media Player. An archive of the presentation will be available on the KB Home Web site within 24 hours of the live presentation and will be available for thirty days.

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 Coast - California; Southwest - Arizona, Nevada and New Mexico; Central - Colorado, Illinois, Indiana, Louisiana and Texas; and Southeast - Florida, 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).

Certain matters discussed in this press release, including any statements concerning our future financial performance, business and prospects, and our future actions and their expected results, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors that could cause actual results to be materially different, including, but not limited to: changes in general economic conditions, material prices and availability, labor costs and availability, interest rates and our debt levels, the secondary market for loans, consumer confidence, competition and currency exchange rates (insofar as they affect our operations in France); environmental factors (including weather) and significant natural disasters; government regulations affecting our operations; the availability and cost of land in desirable areas; violations of our policies; the results of an ongoing internal review into stock option matters being conducted by members of the Audit and Compliance Committee of our Board of Directors, as well as an informal inquiry by the Securities and Exchange Commission and pending shareholder derivative suits regarding stock option matters; other legal or regulatory proceedings or claims; conditions in the capital, credit and homebuilding markets; and other events outside of our control. See our Quarterly Report on Form 10-Q for the quarters ended February 28, 2006 and May 31, 2006, Annual Report on Form 10-K and Annual Report to Shareholders for the year ended November 30, 2005 and our other public filings with the Securities and Exchange Commission for a further discussion of these and other risks and uncertainties applicable to our business. We do not have a specific policy or intent of updating or revising forward-looking statements.