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KB Home Builds in Top Ten Fastest-Growing Cities in the
U.S.
LOS ANGELES, Aug 12, 2004 /PRNewswire-FirstCall via Comtex/ -- KB Home (KBH),
one of the nation's premier homebuilders has a presence in all of the top
ten fastest-growing U.S. cities according to a recent Census Bureau report.
The report which is based on population estimates from 2000 to 2003.
Gilbert, Arizona tops the list with 32.1 percent growth, followed by North
Las Vegas with 25.1 percent, Henderson, Nevada with 22.5 percent, Chandler,
Arizona with 19.6 percent and Irvine, California with 19.2 percent change.
"We choose to operate only in areas of the country where population and job
growth are robust at present and poised to continue for many years to come,"
said KB Home Chief Operating Officer, Jeff Mezger. "We strategically
identify and select areas for expansion, and clearly want to be in the most
dynamic and fastest growing markets in the country. These numbers show that
KB Home has been making the proper decisions."
Fastest-Growing cities (100,000 or more population)
from April 1, 2000 - July 1, 2003
According to the U.S. Census Bureau*.
1 Gilbert, Arizona
2 North Las Vegas, Nevada
3 Henderson, Nevada
4 Chandler, Arizona
5 Irvine, California
6 Port St. Lucie, Florida
7 Rancho Cucamonga, California
8 Fontana, California
9 Peoria, Arizona
10 Cape Coral, Florida
In addition to building communities in each of these fast growing cities, KB
Home currently builds in 35 of the top 75 MSAs in the country and expects
that number to grow to more than 40 by 2007.
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 regions and states: West Coast -- California; Southwest --
Arizona, Nevada and New Mexico; Central -- Colorado, Illinois, Indiana and
Texas; and Southeast -- Florida, Georgia, North Carolina and South Carolina.
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, 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." For more information about any of KB
Home's new home communities, call 888-KB-HOMES or visit
www.kbhome.com.
For further information, please contact Derrick Hall of KB Home,
+1-310-231-4142, dmhall@kbhome.com.
* U.S. Census Population Estimates for the 25 Fastest Growing U.S.
Cities with Populations over 100,000 in 2003: April 1, 2000 to July
2003. The report was released on June 24, 2004.
SOURCE KB Home
Derrick Hall of KB Home, +1-310-231-4142,
dmhall@kbhome.com
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