Homebuilding Industry Outlook

kb KB Home - A Compelling Story HOME Key Takeaways Well positioned Existing geographic footprint offers potential for substantially larger scale in markets selected for their long-term economic and demographic growth potential Compelling Focused on 1st time buyers while appealing to move-up buyers and empty nesters, thereby targeting the largest homebuyer demand segments Advantages of BTO Sell and build the home the customer values, which helps drive absorption. With a large backlog of sold homes, we can manage starts to achieve even-flow production at the community level, generating efficiencies in overhead and cost to build, and we have greater predictability on deliveries. Demonstrated leadership in sustainability With an industry-leading over 165,000 ENERGY STAR homes delivered, we are committed to helping our buyers lower the cost of homeownership. Our ENERGY STAR homes are up to 20% more efficient than standard new homes built to code. 27 | Return on Equity 12.2% 11.8% 19.9% ~26% 2019 2020 2021 2022E* *Reflects the guidance we provided on our Q3 2022 earnings conference call on September 21, 2022. See Appendix: ROE Calculation Detail. © 2022 KB Home

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