"I'm confident in Robert's ability to spearhead Kaufman and Broad's efforts in forest conservation, energy efficiency and other environmental programs," said Jeff Mezger, chief operating officer, Kaufman and Broad Home Corporation. "Northern California often leads the country in environmental efforts so it makes sense that our environmental officer be headquartered in the San Francisco Bay Area."

As regional general manager of Kaufman and Broad's Northern California divisions, Freed oversees day-to-day operations, including land acquisition and development, construction, purchasing, customer service, sales and marketing. He also is a member of the Company's operating executive committee.

Freed began his career with Kaufman and Broad 1993 at the Company's corporate headquarters where he served as vice president of western land development. Prior to joining the Company, Freed was CFO for Davidon Homes, division president of Bedford Properties and CFO of Blackhawk Corporation. He earned a Bachelor of Science degree in economics from the University of California, Los Angeles where he graduated summa cum laude. Freed is a certified public accountant and a former member of the Urban Land Institute.

Kaufman and Broad Home Corporation is one of America's premier homebuilders with operating divisions in Arizona, California, Colorado, Nevada, New Mexico and Texas. Kaufman & Broad S.A., the Company's majority owned subsidiary, is one of the largest homebuilders in France. In 1999, the Company delivered homes to 22,460 families in the U.S. and in France. It also operates a full service mortgage company for the convenience of its buyers. Founded in 1957, Kaufman and Broad is a Fortune 500 Company listed on the New York Stock Exchange under the ticker symbol "KBH".

For More Information Contact:
Kate Mulhearn
(310) 231-4015
kmulhearn@kbhome.com