KB HOME'S PRESENTATION AT NYSSA HOUSING INDUSTRY CONFERENCE TO BE BROADCAST LIVE

LOS ANGELES, (December 6, 2001) - KB Home's (NYSE: KBH) Chairman and Chief Executive Officer, Bruce Karatz will speak at the New York Society of Security Analysts' Housing Industry Conference in New York on Tuesday, December 11, 2001 at 8:45 a.m. EST. Following Mr. Karatz's presentation there will be a roundtable panel discussion with industry executives and economists providing an outlook for the Housing Industry beginning at 10:30 a.m. EST. The presentation and roundtable panel discussion will be webcast live on the Internet.

 
To listen to the live broadcast of the presentation and roundtable discussion go to the Investor Relations section of the KB Home Web site at www.kbhome.com and select the live web broadcast icon. The webcast will be available for replay within 24 hours of the live presentation through January 9, 2002.

For information about the conference visit the NYSSA's 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, 310.231.4147
or kmulhearn@kbhome.com