8-K

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: SEPTEMBER 3, 2003
(Date of earliest event reported)

KB HOME
(Exact name of registrant as specified in charter)

Delaware	1-9195	95-3666267
(State of other jurisdiction of	(Commision file number)	(IRS employer identification no.)
incorporation)

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)

TABLE OF CONTENTS

	Item 7(c). Exhibits
	Item 9. Regulation FD Disclosure
	Item 12. Results of Operations and Financial Condition
SIGNATURE
EXHIBIT INDEX
EXHIBIT 99

Item 7(c). Exhibits

Exhibit No.	Description
99	Press release dated September 3, 2003 announcing the Company’s preliminary net new home orders for the three months and nine months ended August 31, 2003.

Item 9. Regulation FD Disclosure; and
Item 12. Results of Operations and Financial Condition

On September 3, 2003, KB Home issued a press release announcing its preliminary net new home orders for the three months and nine months ended August 31, 2003. A copy of the press release is furnished as Exhibit 99 to this report and is incorporated herein.

2

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: September 3, 2003

KB Home
By:	/s/ Domenico Cecere
	Domenico Cecere Senior Vice President and Chief Financial Officer

3

EXHIBIT INDEX

Exhibit No.	Description
99	Press release dated September 3, 2003 announcing the Company’s preliminary net new home orders for the three months and nine months ended August 31, 2003.

4 EX-99 3 v92887exv99.htm EXHIBIT 99

Exhibit 99

FOR RELEASE WEDNESDAY, SEPTEMBER 3, 2003	For Further Information Contact:
2:00 PM PDT	James A. Gonzalez, Investor Relations
	(310) 231-4033 or jagonzalez@kbhome.com
	Kate Mulhearn, Media Contact
	(310) 231-4147 or kmulhearn@kbhome.com

KB HOME RELEASES PRELIMINARY THIRD QUARTER 2003 NET ORDERS

     LOS ANGELES (September 3, 2003) – KB Home (NYSE: KBH) today released preliminary net orders for the three months and nine months ended August 31, 2003. Presented below is preliminary net order information along with year-over-year percent changes.

		Three Months Ended August 31, 2003					Nine Months Ended August 31, 2003
		Net Orders		% Change			Net Orders		% Change
West Coast			1,410		1.7	%		4,663		-6.3	%
Southwest			1,913		13.9			5,882		24.8
Central			1,913		-14.4			5,889		-15.9
Southeast			1,134		461.4			2,904		463.9
	Total U.S.		6,370		15.7			19,338		12.4
France			954		17.1			2,932		6.8
	Total		7,324		15.9	%		22,270		11.6	%
Unconsolidated JVs			136		151.9	%		394		137.3	%

     KB Home is one of America’s largest homebuilders with domestic operating divisions in the following regions and states: West Coast—California; Southwest—Arizona, Nevada and New Mexico; Central—Colorado and Texas; and Southeast—Florida, Georgia and North Carolina. Kaufman & Broad S.A., the Company’s majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2002, the Company delivered 25,565 homes in the United States and France. It also operates KB Home Mortgage Company, a full-service mortgage company for the convenience of its buyers. Founded in 1957, 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 1-888-KB-HOMES or visit the Company’s Web site at www.kbhome.com.

Except for the historical information contained herein, certain matters discussed in this press release are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, including any statements concerning future financial performance, business and prospects, and future Company actions and their expected results. These forward-looking statements are subject to risks, uncertainties and assumptions including, but not limited to, the continued impact of terrorist activities and U.S. response, accelerating recessionary trends and other adverse changes in general economic conditions, material prices, labor costs, interest rates, the secondary market for loans, consumer confidence, competition, currency exchange rates (insofar as they affect the Company’s operations in France), environmental factors, government regulations affecting the Company’s operations, the availability and cost of land in desirable areas, unanticipated violations of Company policy, unanticipated legal proceedings, and conditions in the capital, credit and homebuilding markets. See the Company’s Annual Report on Form 10-K and its Annual Report to Shareholders for the year ended November 30, 2002 and its other filings for a further discussion of these and other risks and uncertainties applicable to the Company’s business.

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EX-99

Exhibit 99, KB Home