8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15 (d) of The Securities Exchange Act of 1934

Date of Report: October 29, 2007
(Date of earliest event reported)

KB HOME

(Exact name of registrant as specified in charter)

Delaware
(State or other jurisdiction of
incorporation) 1-9195
(Commission File Number) 95-3666267
(IRS Employer Identification No.)

10990 Wilshire Boulevard, Los Angeles, California 90024
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (310) 231-4000

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
	Item 9.01 Financial Statements and Exhibits
SIGNATURE
EXHIBIT INDEX
Exhibit 99.1

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers

(b) On October 29, 2007, KB Home received notice from Dr. Ray Irani that he would resign from the Board of Directors, effective November 1, 2007. A copy of a press release KB Home issued regarding Dr. Irani’s resignation from the KB Home Board of Directors is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

     The following Exhibit is furnished as part of this Current Report on Form 8-K.

99.1 Press release issued by KB Home on November 2, 2007

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     Date: November 2, 2007

KB Home
By:	/s/ Wendy C. Shiba
	Wendy C. Shiba
	Executive Vice President, General Counsel and Corporate Secretary

EXHIBIT INDEX

Exhibit No.		Description
	99.1	Press release issued by KB Home on November 2, 2007.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE	For further information contact:
	Kelly Masuda, Investor Relations 310-893-7434 or kmasuda@kbhome.com Heather Reeves, Media Relations 310-231-4142 or hreeves-x@kbhome.com

KB HOME ANNOUNCES CHANGE IN BOARD OF DIRECTORS

Los Angeles, CA (November 2, 2007) — KB Home (NYSE: KBH), one of the nation’s largest homebuilders, today announced that Dr. Ray Irani has resigned from his position as a member of KB Home’s Board of Directors effective November 1, 2007. Dr. Irani, 72, is chairman, president and chief executive officer of Occidental Petroleum Corporation.

During Dr. Irani’s 15-year tenure, KB Home has grown from a regional builder with 11 operating divisions in the Western U.S. to a national builder operating 27 divisions from coast to coast.

“It has been gratifying to serve on the Board of a company that is dedicated to bringing the dream of homeownership to thousands of families each year,” said Dr. Irani. “I leave the KB Home Board confident that the Company is well positioned, both strategically and financially, to emerge strongly from the current housing market slowdown. I have enormous respect for KB Home’s leadership team, and look forward to continuing to follow the Company in the years ahead.”

“I want to thank Ray for his years of dedicated service and contribution to KB Home and its shareholders,” said Jeffrey Mezger, president and CEO of KB Home. “His tremendous business acumen and sound counsel have been greatly appreciated by all of us who have had the pleasure to work with him, and we wish him all the best.”

About KB Home

Celebrating its 50th anniversary in the homebuilding industry, KB Home is one of the nation’s largest homebuilders. Headquartered in Los Angeles, the Company has operating divisions in 14 states, building communities from coast to coast. 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 or complete mortgage services offered through Countrywide KB Home Loans, call 888-KB-HOMES or visit www.kbhome.com.

Certain matters discussed in this press release, including any statements that are predictive in nature or concern future market and economic conditions, business and prospects, our future financial and operational performance, or our future actions and their expected results are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and projections about future events and are not guarantees of future performance. We do not have a specific policy or intent of updating or revising forward-looking statements. Actual events and results may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors. The most important risk factors that could cause our actual performance and future events and actions to differ materially from such forward-looking statements include, but are not limited to: general economic and business conditions; material prices and availability; labor costs and availability; our debt level; declines in consumer confidence; increases in competition; weather conditions, significant natural disasters and other environmental factors; government regulations; the availability and cost of land in desirable areas; violations of our policies; the consequences of our past stock option grant practices and the restatement of certain of our financial statements; government investigations and shareholder lawsuits regarding our past stock option grant practices; other legal or regulatory proceedings or claims; conditions in the capital, credit and homebuilding markets; and other events outside of our control. Please see our periodic reports and other 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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