Eight KB Home Divisions Recognized for Building Homes That Protect the Environment

KB Home (NYSE: KBH), one of the nation’s largest homebuilders, is pleased to announce that eight of its divisions across the United States have been recognized by the U.S. Environmental Protection Agency (EPA) with a 2008 ENERGY STAR Leadership in Housing Award. KB Home’s Austin, Dallas/Fort Worth, Houston, Las Vegas, Phoenix, Sacramento, San Antonio and Southern California divisions each were recognized for their important contribution to energy-efficient construction and environmental protection by building ENERGY STAR qualified homes in 2007.

In 2007, KB Home built 7,467 ENERGY STAR qualified homes across the country as part of its “My Home. My Earth.™” environmental initiative. Collectively, these homes will save KB Home homeowners approximately $3.3 million on annual utility bills. The environmental benefits of these ENERGY STAR qualified homes are the equivalent of:

• Eliminating the emissions from 3,658 vehicles
• Saving 22 million pounds of coal
• Planting 6,048 acres of trees
• Saving the environment 43 million pounds of carbon dioxide per year

“We appreciate the EPA’s recognition of our leadership in building quality, energy-efficient homes for our homebuyers,” said Jeffrey Mezger, president and chief executive officer of KB Home. “Building homes that meet the ENERGY STAR standard delivers on our commitments to the environment and our homebuyers by offering the ultimate in value and choice.”

According to Sam Rashkin, National Director of ENERGY STAR for Homes, “ENERGY STAR qualified homes are better homes that cost less to own, protect our environment, reduce our reliance on imported energy, and improve our economy. Leadership in Housing award recipients are making a meaningful difference at this critical time in our country’s history.”

Homes that earn the ENERGY STAR qualification meet strict guidelines for energy efficiency set by the EPA. ENERGY STAR qualified homes are at least 15 percent more energy efficient than homes built to the 2004 International Residential Code (IRC), and include additional energy-saving features.