KB Home Heats up in Houston

With a substantial increase in land investment in 2013 that led to a 400% year-over-year increase in lots acquired, the Built to Order™ builder enters 2014 poised to drive growth from its Houston-area communities

Business Wire

HOUSTON--(BUSINESS WIRE)--

KB Home (KBH), one of the nation’s largest and most recognized homebuilders, today announced that it has purchased lots for several new communities in popular Houston submarkets including Anserra and Waterstone in Katy, Canterbury Park in Pearland, Tour 18 in Humble, and Wedgewood Falls in Conroe, the latest in a series of significant acquisitions executed by the builder in the greater Houston-area. Including the 909 homesites gained by KB Home in these transactions, in 2013 alone the builder acquired ownership or control of more than 3,600 lots in the greater Houston area, representing a 414% increase over the number of lots it acquired in 2012.

KB Home has been building in Houston since 1999 and currently has new home communities open for sales at 21 Houston-area locations, with 10 new communities expected to open in the next several months. Most recently, KB Home debuted its Katy Oaks community in Katy, Tuscan Lakes in League City, and Klein Arbor in Houston.

“A combination of favorable economic factors and industries have made Houston one of the country’s strongest housing markets, and we have strategically grown our footprint in 2013 to meet the region’s rising demand for new homes,” said Jim Harrison, president of KB Home’s Houston division. “The land and lots we’ve gained this past year will provide new homeownership opportunities for Houstonians into 2014 and beyond.”

In Katy, KB Home acquired 334 lots for its Anserra community, and 154 additional lots in its Waterstone community. Scheduled for grand openings in early 2014, both neighborhoods will be served by the highly-rated Katy Independent School District and offer convenient access to the proposed Grand Parkway in Katy.

KB Home purchased more than 60 acres for 200 Built to Order homes in a new community called Wedgewood Falls in Conroe. Featuring golf course views and treed lots, Wedgewood is scheduled to open in January with home prices anticipated to start from the $200,000s.

KB Home’s Canterbury Park in Pearland, Texas will offer 157 new KB homes. Pricing at the community, currently scheduled to debut in January, is anticipated to begin from the $190,000s.

“The plans we have for each of these new neighborhoods are intended to create a real sense of community for the residents who will call them home. At Anserra, for example, we are building a recreation center, pool, fire pit, splash pad and community park. And, we are taking measures to help preserve the natural forest environment at Wedgewood Falls,” Harrison continued. “It’s been an exciting year for KB Home in Houston, and with our increased activity here, we look forward to doing what we do best ─ delivering personalized, Built to Order new homes that are also among the most energy-efficient available today.”

KB Home is distinguished by its Built to Order homebuilding approach that empowers home shoppers with the ability to make a wide array of choices about their home’s design and features. Models at KB Home communities showcase the various components that can be included in a KB home, and KB homebuyers are guided by a personal design consultant at the KB Home Studio to help them build a home that is unique to their style and taste.

All new KB homes, including those built in Houston, are ENERGY STAR® certified and equipped with the latest in energy- and water-saving features like radiant barrier roofing, WaterSense® labeled faucets and fixtures, and a Wiser™ home management system to help homeowners monitor their energy usage ─ in real time ─ from practically anywhere.

For more information about KB Home in Houston and elsewhere, visit www.kbhome.com or call 888-KB-HOMES.

About KB Home

KB Home is one of the largest and most recognized homebuilding companies in the United States. Since its founding in 1957, the company has built more than half a million quality homes. KB Home’s signature Built to Order™ approach lets each buyer customize their new home from lot location to floor plan and design features. In addition to meeting strict ENERGY STAR® guidelines, all KB homes are highly energy efficient to help lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). A leader in utilizing state-of-the-art sustainable building practices, KB Home was named the #1 Green Homebuilder in the most recent study by Calvert Investments and the #1 Homebuilder on FORTUNE magazine’s 2011 World’s Most Admired Companies list. Los Angeles-based KB Home was the first homebuilder listed on the New York Stock Exchange, and trades under the ticker symbol "KBH." For more information about KB Home’s new home communities, call 888-KB-HOMES or visit www.kbhome.com.

Contact:
KB Home
Cara Kane, 321-299-6844
ckane@kbhome.com

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