KB Home Ranks Highest in New Home Quality in Phoenix According to J.D. Power and Associates Study

KB Home (NYSE: KBH), one of America’s premier homebuilders, today announced it ranked highest in new home quality and in the Top 3 in customer satisfaction among homebuyers in Phoenix, according to studies by J.D. Power and Associates released today. Of the nine factors that drive overall customer satisfaction, KB Home performed particularly well in price and value.

The 2009 New Home Quality Study and New Home Builder Customer Satisfaction Studies conducted by J.D. Power and Associates are independent nationwide studies based on responses from 26,231 buyers of newly constructed homes in 24 of the largest homebuilding markets in the U.S. who have lived in their homes from four to 18 months.

Along with Phoenix, KB Home’s Los Angeles/Ventura/Bakersfield, Orlando, San Antonio and Jacksonville divisions each ranked in the top three in customer satisfaction in their respective markets.

“Delivering the highest level of quality and customer service to our homebuyers is at the core of everything we do at KB Home, and this ranking reflects that ongoing commitment,” said Ben Redman, president of KB Home’s Arizona division. “We understand that buying a new home is not an ordinary purchase for our customers; it is an extraordinary event in their lives that deserves the best of what we have to offer as a company each and every day.”

Other factors that drive overall customer satisfaction include: workmanship/materials, builder’s warranty/customer service, price/value, builder’s sales staff, construction manager, home readiness, recreational facilities, design center, and location.

KB Home is committed to providing customers with the highest level of satisfaction in every aspect of their Built to Order™ home buying experience. All new homes are backed by the company’s 10-Year Limited Warranty. KB Home was also the first builder to achieve national certification in the NAHB Research Center’s National Housing Quality (NHQ) program.

About KB Home

KB Home, one of the nation's leading homebuilders, has delivered hundreds of thousands of quality homes for families since its founding in 1957. The Company is distinguished by its Built to Order™ homebuilding approach that puts a custom home experience within reach of its customers at an affordable price. KB Home's award-winning homes and communities meet the needs of first-time homebuyers with flexible designs that also appeal to move-up buyers and active adults. Los Angeles-based KB Home was named the #1 homebuilder on FORTUNE® magazine's 2009 “World’s Most Admired Companies” list. This marks the second year in a row and the third time in the past four years that KB Home has achieved the top ranking. The Company trades under the ticker symbol "KBH," and was the first homebuilder listed on the New York Stock Exchange. For more information about any of KB Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors market research, forecasting, performance improvement, training and customer satisfaction. The firm’s quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on cell phone ratings, car reviews and ratings, car insurance, health insurance and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.