KB HOME

                            (A DELAWARE CORPORATION)



                                  $300,000,000



                          5 7/8% SENIOR NOTES DUE 2015





                             UNDERWRITING AGREEMENT

                             ----------------------





                                                                December 7, 2004





Credit Suisse First Boston LLC

11 Madison Avenue

New York, New York 10011



Ladies and Gentlemen:



         KB Home, a Delaware corporation (the "Company"), and the Company's

subsidiaries listed on Schedule A hereto (the "Guarantors") confirm their

agreement with the Underwriter named in Schedule B hereto (the "Underwriter"),

for whom Credit Suisse First Boston LLC is acting as representative (in such

capacity, the "Representative"), with respect to the sale by the Company and the

purchase by the Underwriter of $300,000,000 aggregate principal amount of the

Company's 5 7/8% Senior Notes due 2015 (the "Securities"). The Securities will

be unconditionally guaranteed on a senior basis by each of the Guarantors (the

"Guarantees") pursuant to the Indenture (as defined below).



         The Securities are to be issued pursuant to an Indenture (the "Original

Indenture") dated as of January 28, 2004, as amended and supplemented by the

First Supplemental Indenture (the "First Supplemental Indenture") thereto dated

as of January 28, 2004 and as further amended and supplemented by the Second

Supplemental Indenture (the "Second Supplemental Indenture") thereto dated as of

June 30, 2004 (as so amended and supplemented, the "Indenture"), each among the

Company, the Guarantors and SunTrust Bank, as trustee (the "Trustee").



         The Company has filed with the Securities and Exchange Commission (the

"Commission") a registration statement on Form S-3 (No. 333-71630) (the "Prior

Registration Statement") for the registration under the Securities Act of 1933

(the "1933 Act") of, among other securities, debt securities, which registration

statement was declared effective by the Commission on January 28, 2002 and

copies of which have heretofore been delivered to you. The Company has also

filed with the Commission a registration statement on Form S-3 (No. 333-120458)

(the "Current Registration Statement") for the registration under the 1933 Act





<PAGE>



of, among other securities, debt securities, which registration statement was

declared effective by the Commission on November 29, 2004 and copies of which

have heretofore been delivered to you. The Current Registration Statement also

constituted post-effective amendment no. 1 to the Prior Registration Statement.

Each of the Prior Registration Statement and the Current Registration Statement,

as amended at the date of this Agreement and including all documents

incorporated or deemed to be incorporated by reference therein, is hereinafter

referred to as, individually, a "Registration Statement" and, collectively, the

"Registration Statements." The Indenture has been qualified under the Trust

Indenture Act of 1939, as amended (the "1939 Act"). The Company proposes to file

with the Commission pursuant to Rule 424(b) of the rules and regulations of the

Commission under the 1933 Act (the "1933 Act Regulations") the Prospectus

Supplement (as defined in Section 3(i) hereof) and the related prospectus dated

November 29, 2004 (the "Base Prospectus") relating to the Securities and

Guarantees, and has previously advised you of all further information (financial

and other) with respect to the Company and the Guarantors set forth therein. The

Base Prospectus together with the Prospectus Supplement, in the respective forms

first provided to the Underwriter for use in confirming sales of the Securities,

including all documents incorporated or deemed to be incorporated by reference

therein through the date hereof, are hereinafter referred to as, collectively,

the "Prospectus," except that if any revised prospectus or prospectus supplement

shall be provided to the Underwriter by the Company for use in connection with

the offering and sale of the Securities which differs from the Prospectus

(whether or not such revised prospectus or prospectus supplement is required to

be filed by the Company pursuant to Rule 424(b) of the 1933 Act Regulations),

the term "Prospectus" shall refer to such revised prospectus or prospectus

supplement, as the case may be, from and after the time it is first provided to

the Underwriter for such use. The Company may have also prepared a preliminary

prospectus supplement relating to the Securities and the Guarantees (a

"Preliminary Prospectus Supplement"), in which case such Preliminary Prospectus

Supplement, together with the Base Prospectus and all documents incorporated or

deemed to be incorporated by reference in such Preliminary Prospectus Supplement

or the Base Prospectus, are hereinafter referred to, collectively, as a

"Preliminary Prospectus."



         All references in this Agreement to documents, financial statements and

schedules and other information which is "contained," "included," "stated,"

"described in" or "referred to" in a Registration Statement, the Prospectus or

any Preliminary Prospectus (and all other references of like import) shall be

deemed to mean and include all such documents, financial statements and

schedules and other information which is or is deemed to be incorporated by

reference in such Registration Statement, the Prospectus or such Preliminary

Prospectus, as the case may be; and all references in this Agreement to

amendments or supplements to a Registration Statement, the Prospectus or any

Preliminary Prospectus shall be deemed to mean and include the filing of any

document under the Securities Exchange Act of 1934, as amended (the "1934 Act"),

after the date of this Agreement (in the case of such Registration Statement or

the Prospectus) or after the date of the applicable Preliminary Prospectus

Supplement (in the case of such Preliminary Prospectus), as the case may be,

which is or is deemed to be incorporated by reference in such Registration

Statement, the Prospectus or such Preliminary Prospectus, as the case may be.



         The Company and the Guarantors understand that the Underwriter proposes

to make a public offering of the Securities and the Guarantees as soon as the

Representative deems advisable after this Agreement has been executed and

delivered.





                                       2

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         This Agreement, the Securities and the Indenture are hereinafter

sometimes referred to, collectively, as the "Operative Documents" and,

individually, as an "Operative Document."



         All references herein to a "subsidiary" or "subsidiaries" of the

Company shall include, without limitation (i) the Guarantors and (ii) all other

subsidiaries of the Company, including any consolidated joint ventures in which

the Company or any of its other subsidiaries is a participant, any consolidated

limited and general partnerships in which the Company or any of its other

subsidiaries owns partnership interests and any consolidated limited liability

companies in which the Company or any of its other subsidiaries owns membership

interests (such joint ventures, limited and general partnerships and limited

liability companies being hereinafter called, collectively, the "Partnerships"

and, individually, a "Partnership").



         SECTION 1. Representations and Warranties.



         (a) The Company and the Guarantors, jointly and severally, represent

and warrant to the Underwriter as of the date hereof (such date being

hereinafter referred to as the "Representation Date") and as of the Closing Time

(as defined below) as follows:



                  (i) The Company and the Guarantors meet the requirements for

         use of Form S-3 under the 1933 Act and the 1933 Act Regulations. Each

         Registration Statement, at the time it became effective, the Current

         Registration Statement, as of the Representation Date, the Base

         Prospectus, as of its date and as of the Representation Date, any

         Preliminary Prospectus, as of the date of the related Preliminary

         Prospectus Supplement, and the Prospectus, as of the date of the

         Prospectus Supplement, complied and comply in all material respects

         with the requirements of the 1933 Act, the 1933 Act Regulations

         (including Rule 415(a) of the 1933 Act Regulations), the 1939 Act and

         the rules and regulations of the Commission under the 1939 Act (the

         "1939 Act Regulations"), and did not and as of the Representation Date

         do not contain an untrue statement of a material fact or omit to state

         a material fact required to be stated therein or necessary to make the

         statements therein not misleading. The Prospectus, at the

         Representation Date (unless the term "Prospectus" refers to a

         prospectus which has been provided to the Underwriter by the Company

         for use in connection with the offering of the Securities which differs

         from the Prospectus filed with the Commission pursuant to Rule 424(b)

         of the 1933 Act Regulations, in which case at the time it is first

         provided to the Underwriter for such use) and at the Closing Time does

         not and will not include an untrue statement of a material fact or omit

         to state a material fact necessary to make the statements therein, in

         the light of the circumstances under which they were made, not

         misleading; provided, however, that the representations and warranties

         in this subsection (i) shall not apply to statements in or omissions

         from either Registration Statement or the Prospectus made in reliance

         upon and in conformity with information furnished to the Company in

         writing by the Underwriter through the Representative expressly for use

         in such Registration Statement or the Prospectus or the information

         contained in any Statement of Eligibility of a trustee under the 1939

         Act filed or incorporated by reference as an exhibit to either

         Registration Statement (a "Form T-1").



                  (ii) Ernst & Young LLP, whose reports are incorporated by

         reference into the Registration Statements, are independent public

         accountants with respect to the Company





                                       3

<PAGE>



         and its subsidiaries as required by the 1933 Act and the 1933 Act

         Regulations.



                  (iii) The financial statements included or incorporated by

         reference in the Registration Statements and the Prospectus present

         fairly the financial position of the Company and its consolidated

         subsidiaries as at the dates indicated and the results of operations of

         the Company and its consolidated subsidiaries for the periods

         specified; except as otherwise stated in the Registration Statements,

         said financial statements have been prepared in conformity with

         generally accepted accounting principles in the United States applied

         on a consistent basis; the supporting schedules included or

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