KB HOME'S Q3 CONFERENCE CALL TO BE BROADCAST LIVE ON KBHOME.COM

LOS ANGELES (September 13, 2001) - KB Home (NYSE: KBH) today announced that the Company will release earnings for the third quarter ended August 31, 2001 before the market opens on Thursday, September 20, 2001, and will conduct its third quarter conference call at 8:00 a.m. Pacific Daylight Time, 11:00 a.m. Eastern Daylight Time, on Thursday, September 20. The conference call will be webcast live and will be hosted by Bruce Karatz, Chairman and Chief Executive Officer.

 
To listen to the call, go to the investor relations section of the KB Home Web site at www.kbhome.com and select the live web broadcast icon. Listeners must have a multimedia computer with speakers and Microsoft's Windows Media Player installed. The free software can be downloaded prior to the event through the conference call link on www.kbhome.com or by visiting http://www.microsoft.com/windows/windowsmedia/en/download/default.asp. The call will also be available at www.streetevents.com. The conference call will be available for immediate replay at the KB Home Web site.

KB Home is one of America's largest homebuilders with domestic operating divisions in some of the fastest-growing areas of the country including California, Arizona, Nevada, New Mexico, Colorado, Texas and Florida. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2000, the Company delivered homes to 22,847 families in the United States and France. It also operates a full-service mortgage company for the convenience of its buyers. Founded in 1957, 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 or visit the Company's Web site at www.kbhome.com.

For more information contact:
Kate Mulhearn
Director, Public Relations
(310) 231-4147