The star lot is by Jean Dubuffet (1901-1985): "Landscape Under Red Sky",
a 1. LOS ANGELES , KB Home's (NYSE: KBH)
Senior Vice President and Chief Financial Officer Dom Cecere will speak at the
2006 Wachovia Securities Homebuilders Conference on Wednesday, March 1, 2006
at 10:00 a. See our
Annual Report on Form 10-K and Annual Report to Shareholders for the year
ended November 30, 2005 and our other public filings with the Securities and
Exchange Commission for a further discussion of these and other risks and
uncertainties applicable to our business.

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An archive of the presentation will be available on the KB Home Web site
within 24 hours of the live presentation and will be available for thirty
days.

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The
sale is expected to generate close to EUR 1. Given the consistent uptrend
in the artist's price (+60% since 1997, according to Artprice), this modest
estimate could be exceeded.

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com

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Listeners
must have a multimedia computer with speakers and Microsoft's Media Player.A. These
forward-looking statements are not guarantees of future performance and are
subject to risks, uncertainties, assumptions and other factors that could
cause actual results to be materially different, including, but not limited
to, changes in general economic conditions , material prices and availability,
labor costs and availability, interest rates and our debt levels , the
secondary market for loans, consumer confidence, competition, currency
exchange rates (insofar as they affect our operations in France),
environmental factors (including weather) and significant natural disasters
(including the effect of recent hurricanes on the U.

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Paris (Artprice.com) : European Art Collection to be Sold at Christie's

3 million in November 2004. Pacific Time. Founded in
1957 , and winner of the 2004 American Business Award for Best Overall Company,
KB Home is a Fortune 500 company listed on the New York Stock Exchange under
the ticker symbol "KBH.

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5 million in turnover .3 metre-wide oil on wooden panel dating from 1952 and estimated at EUR
200,000-300,000.com 1987-2005 Thierry Ehrmann
Artprice, the world leader in art market information, lists over 21
million auction prices and indices covering over 306,000 artists collected
from 2,900 international auction houses.kbhome.

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8 million in 1990, and his works often top the million euro
mark.
economy in general ), government regulations affecting our operations, the
availability and cost of land in desirable areas, violations of our policies,
legal or regulatory proceedings or claims, conditions in the capital , credit
and homebuilding markets and other events outside of our control.

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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 regions and states: West Coast -- California; Southwest -- Arizona,
Nevada and New Mexico; Central -- Colorado, Illinois, Indiana, Louisiana and
Texas; and Southeast -- Florida, Georgia, Maryland, North Carolina, South
Carolina and Virginia.S.

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To listen to the live broadcast, select the audio icon on the Investor
Relations section of the KB Home website at http://www. housing market and U.

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, the Company's publicly-traded
French subsidiary , is one of the leading homebuilders in France. In fiscal
2005, the Company delivered homes to 37 ,140 families in the United States and
France.

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Works by the Cobra group - such as Animals by Karel Appel (EUR
160,000-200,000) and Flexions et reflexions by Asger Jorn (EUR
150,000-200,000) - are also included.
copyright (c) http://www.

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Most of
the artistic movements featured are French: New Realism, Figuration Libre,
Figuration Narrative and a large selection of French post-war abstract art. We do not have a specific policy or
intent of updating or revising forward-looking statements .

Contact:
Kelly Masuda, (310) 893-7434
kmasuda@kbhome.

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Artprice daily serves the main
financial press titles and agencies with the art market trends. KB Home also offers complete mortgage services through Countrywide KB
Home Loans, a joint venture with Countrywide Financial Corporation ." For more information about any of KB Home's new home
communities, call 888-KB-HOMES or visit http: //www.

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The auction house is also offering works by Robert Combas, Jacques
Villon, Hans Heinrich Ernst Hartung, Serge Poliakoff, Valerio Adami,
Corneille and Lynn Russell Chadwick for EUR 20,000 -30,000.

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Il parle was the most recent to achieve such a sales tag, going under
the hammer for USD 1.artprice.

KB Home to Broadcast Presentation at the 2006 Wachovia Securities Homebuilders Conference

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Dubuffet's personal record was set by Pese-Cheveu, which
sold for USD 4.com.

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PARIS, France , On 14 April, Christie's
Paris will sell 46 post-WWII works belonging to two European collectors .
Artprice is listed on Eurolist by Euronext Paris: Euroclear: 7478 -
Bloomberg: PRC - Reuters: ARTF

m.

Certain matters discussed in this press release, including any statements
concerning our future financial performance, business and prospects, and our
future actions and their expected results, are "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.

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Artprice
Classifieds visible to 900,000 Artprice members for buying and selling art
works.kbhome. Kaufman + Broad S.

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The presentation will be broadcast live on the
Internet .S.