LOS ANGELES, Sept. 6 /PRNewswire-FirstCall/ -- KB Home (NYSE:KBH) today announced that it will release earnings for the third quarter before the market opens on Thursday, September 22, 2005. A live webcast of the Company's conference call will be held on Thursday, September 22, 2005 at 6:00 a.m. Pacific Daylight Time, 9:00 a.m. Eastern Daylight Time. The Company's Chairman and Chief Executive Officer Bruce Karatz, and Senior Vice President and Chief Financial Officer Dom Cecere will conduct the conference call. To listen to the call, go to the investor relations section of the KB Home Web site at http://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 webcast will be available for replay at the KB Home Web site and will be archived for 30 days. Building homes for nearly half a century, KB Home is one of America's premier homebuilders with domestic operating divisions in some of the fastest-growing regions and states: West Coast-California; Southwest-Arizona, Nevada and New Mexico; Central-Colorado, Illinois, Indiana and Texas; and Southeast-Florida, Georgia, North Carolina and South Carolina. Kaufman & Broad S.A., the Company's publicly-traded French subsidiary, is one of the largest homebuilders in France. In fiscal 2004, the Company delivered homes to 31,646 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 winner of the 2004 American Business Award for Best Overall Company, 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 http://www.kbhome.com/. Except for the historical information contained herein, certain matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, including any statements concerning future financial performance, business and prospects, and future Company actions and their expected results. 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 national, regional, local or general economic conditions, conditions in the capital, credit and homebuilding markets, material prices and availability, labor costs and availability, interest rates and the Company's debt levels, the secondary market for loans, consumer confidence, competition, currency exchange rates (insofar as they affect the Company's operations in France), environmental factors (including weather, natural disasters or similar environmental events), government regulations affecting the Company's operations, the availability and cost of land in desirable areas, and the continued impact of terrorist activities and U.S. response, unanticipated violations of Company policy, unanticipated legal or regulatory proceedings or claims or other events outside of the Company's control. See the Company's Annual Report on Form 10-K and its Annual Report to Shareholders for the year ended November 30, 2004 and its other public filings with the Securities and Exchange Commission for a further discussion of these and other risks and uncertainties applicable to the Company's business. The Company does not have a specific policy or intent of updating or revising forward-looking statements. For further information: Kelly Masuda Investor contact (310) 893-7434 or Shaun Rachau, Media contact (310) 231-4011 or DATASOURCE: KB Home CONTACT: Investors: Kelly Masuda, +1-310-893-7434, , or Media: Shaun Rachau, +1-310-231-4011, , both of KB Home Web site: http://www.kbhome.com/

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