"We are thrilled to be recognized by BusinessWeek as among the top performers in the S&P 500," said KB Home Chairman and CEO, Bruce Karatz. "KB Home is proud of its record-level performance, and as we continue to diversify and expand our business from coast to coast, we look forward to robust growth for many years to come." For its annual list, BusinessWeek aims to rank Corporate America's best performers by capturing both momentum and sustainability. To determine how the companies in the S&P 500 index stack up against one another, BusinessWeek ranks all 500 companies using eight key criteria of financial success. Sales growth, profits, and return to shareholders are all part of the criteria. For more information, visit BusinessWeek online at www.businessweek.com.

About KB Home
Building homes for nearly half a century, KB Home is one of America's premier homebuilders with domestic operating divisions in some of the fastest-growing areas of the country including Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, New Mexico, North Carolina, South Carolina and Texas. Kaufman & Broad S.A., the company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2003, the company delivered homes to 27,331 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 kbhome.com.

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