Financial Astrology of KB Home

FINANCIAL ASTROLOGY

First Trade Date for KB Home

Company Name	First Trade Date (yyyy-mm-dd)
KB Home	1986-08-01

Company Name	Symbol
KB Home	KBH
History and Business of Company (this information may include date of incorporation)
KB Home is one of America's leading homebuilders with domestic operations in the following regions and states: West Coast - California; Southwest - Arizona, Nevada, New Mexico; Central - Colorado, Illinois and Texas; and Southeast - Florida, Georgia and North Carolina. Kaufman & Broad S.A. ("KBSA"), our majority-owned subsidiary, is one of the largest homebuilders in France based on revenues. In 2003, we delivered 27,331 homes in the United States and France. We also provide mortgage banking services to the majority of our domestic homebuyers through our wholly-owned subsidiary, KB Home Mortgage Company ("KBHMC"). Founded in 1957, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." We have two financial reporting segments, construction and mortgage banking. Our construction segment, which generated 99% and 98% of total revenues in 2003 and 2002, respectively, consists primarily of domestic and international homebuilding operations. Our construction operations are engaged in the acquisition and development of land primarily for residential purposes and offer a variety of homes that are designed to appeal to a wide range of buyers, including first-time, move-up and active adult homebuyers. Domestically, we operate a geographically diverse homebuilding business which, as of November 30, 2003, was comprised of operating divisions in 10 states serving 31 markets. In early 2004, we entered the Charleston, Columbia and Greenville, South Carolina markets through an acquisition. Internationally, we operate in France through a majority-owned subsidiary, which is publicly traded on the Premier Marché of the Paris Bourse. In addition to constructing homes, our French subsidiary builds commercial projects and high-density residential properties, such as condominium complexes, in France. Our mortgage banking subsidiary provides mortgage banking services primarily to our domestic homebuyers. The mortgage banking subsidiary originates, processes and sells mortgages to third-party investors. Our mortgage banking subsidiary generally does not retain or service the mortgages that it originates, but rather, sells the mortgages and related servicing rights to investors. KB Home is a Delaware corporation with principal executive offices at the following address: 10990 Wilshire Boulevard, Los Angeles, California 90024. The telephone number of our corporate headquarters is (310) 231-4000 and our web site address is www.kbhome.com. We delivered 27,331 units in 2003 (excluding 231 deliveries from unconsolidated joint ventures). Our unit deliveries for the year ended November 30, 2003 increased 7% from the previous year's 25,452 units (excluding 356 deliveries from unconsolidated joint ventures). During 2003, we operated an average of 392 active communities compared with 330 communities in 2002. The average selling price of our homes in 2003 was $206,500, up 8% from $190,800 in 2002.

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