KB Home’s Newest Triangle-Area Community Finds Its Home in the Heart of Downtown Raleigh

Located inside the Beltline, KB Home’s Oakwood North to offer convenient city living in well-established neighborhood

Business Wire

RALEIGH, N.C.--(BUSINESS WIRE)--

KB Home (KBH), one of the nation’s largest and most recognized homebuilders, today announced that development has commenced at Oakwood North, a new community of 39 single-family homes the builder is constructing in the heart of Raleigh. With a grand opening planned for May, KB Home’s Oakwood North will give homebuyers an exclusive opportunity to own a spacious, Built to Order™ home in a well-established Raleigh location.

Surrounded by historic landmarks and major city sites, KB Home’s Oakwood North is ideally situated in downtown Raleigh, minutes away from the Capitol building and the many renowned museums, restaurants, shops, and cultural attractions that call the city home. North Carolina State University, Peace College, and Saint Augustine’s College are also very close to Oakwood North, and the community is just a short walk to the Historic Oakwood area.

“There are very few new homeownership opportunities available in such a well-established area of Raleigh, and we are very excited to transform one of the city’s few remaining open land parcels into a vibrant new community at Oakwood North,” said Tom Sewitsky, president of KB Home’s Raleigh/Durham division. “At Oakwood North, homebuyers will find they can own a large home in a charming neighborhood while enjoying all the modern conveniences offered by the community’s prime city location. And with an interest list growing fast, we believe Oakwood North is well positioned to become one of our most popular communities in the region.”

KB Home plans to build two-story single-family homes at Oakwood North that range between 1,881 and 2,778 square feet, with up to five bedrooms and three-and-a-half baths. Because KB homes are Built to Order, homebuyers at Oakwood North will be able to personalize nearly everything about their home to their lifestyle and budget. In addition to selecting their specific lot location, floor plan and structural options, KB homeowners at Oakwood North will work one-on-one with an expert design consultant at the KB Home Studio who will walk them through the various décor, technology, and sustainability-focused components that can be incorporated in a KB home.

All KB homes at Oakwood North will be ENERGY STAR® certified and built with an array of water-conserving features such as WaterSense labeled faucets and fixtures. These and other items like radiant barrier roofing, low-E windows and advanced USB outlets that are included as standard in all KB homes will allow homeowners at Oakwood North to experience significant savings on their utility bills compared to similar resale homes in the area.

KB Home has enjoyed many years of success building its new homes in the Triangle area, and is currently open for new home sales at 10 other communities from Wake Forest to Fuquay-Varina, Durham to Clayton, and locations in between.

For more information about KB Home in North Carolina or other KB Home communities, 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. As a leader in utilizing state-of-the-art sustainable building practices, all KB homes are highly energy efficient and meet strict ENERGY STAR® guidelines. This helps to lower monthly utility costs for homeowners, which the company demonstrates with its proprietary KB Home Energy Performance Guide® (EPG®). KB Home has been named both an ENERGY STAR Partner of the Year Sustained Excellence Award winner and WaterSense® Partner of the Year for three consecutive years by the EPA. 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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