KB Home (NYSE: KBH) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares of its outstanding common stock. Purchases may be made from time to time and at any time through open market or privately negotiated transactions.

The amount and timing of shares purchased under this ten million share repurchase program will be subject to market and business conditions and other factors. The program will continue in effect until fully used or earlier terminated or suspended by the board of directors, and does not obligate the company to purchase any shares.