EXHIBIT 21

KB HOME AND CONSOLIDATED SUBSIDIARIES

SUBSIDIARIES OF THE REGISTRANT

The following subsidiaries* of KB Home were included in the November 30, 2011 consolidated financial statements:

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting  Securities Owned by the Registrant or a Subsidiary of the Registrant
Arizona
KB HOME Phoenix Inc.		100
KB HOME Sales — Phoenix Inc.		100
KB HOME Sales — Tucson Inc.		100
KB HOME Tucson Inc.		100
California
KB HOME Coastal Inc.		100
KB HOME Greater Los Angeles Inc.		100
KB HOME Insurance Agency Inc.		100
KB HOME Sacramento Inc.		100
KB HOME South Bay Inc.		100
Colorado
KB HOME Colorado Inc.		100
Delaware
KB HOME Charlotte Inc.		100
KB HOME DelMarVa LLC		100
KB HOME Florida LLC		100
KB HOME Fort Myers LLC		100
KB HOME Gold Coast LLC		100
KB HOME Gulf Coast Inc.		100
KB HOME Jacksonville LLC		100
KB HOME Maryland LLC		100
KB HOME North Carolina Inc.		100
KB HOME Orlando LLC		100
KB HOME Raleigh-Durham Inc.		100
KB HOME South Carolina Inc.		100
KB HOME Tampa LLC		100
KB HOME Treasure Coast LLC		100
KB HOME Virginia Inc.		100
KB HOME Wisconsin LLC		100
KB Urban Inc.		100
Florida
KB HOME Title Services Inc.		100
Illinois
KB HOME Mortgage Company		100

Name of Company/Jurisdiction of Incorporation or Formation	Percentage of Voting  Securities Owned by the Registrant or a Subsidiary of the Registrant
Nevada
KB HOME Las Vegas Inc.		100
KB HOME Nevada Inc.		100
KB HOME Reno Inc.		100
Texas
KB HOME Lone Star Inc.		100
KBSA Inc.		100

* Certain subsidiaries have been omitted from this list. These subsidiaries, when considered in the aggregate as a single subsidiary, do not constitute a significant subsidiary as defined in Rule 1-02(w) of Regulation S-X.