Average size of new homes sold by KB Home in Central Florida increases 28% in two years, from 1,736 sq. ft. in 2010 to 2,224 sq. ft. in Q1, 2012

Wendy Lisney

ORLANDO, Florida , June 27, 2012 (press release) – The average size of new homes sold by KB Home in Central Florida has increased substantially in the last two years — from 1,736 square feet in 2010 to 2,224 as of the first quarter of 2012. And while a bigger home carries a bigger price tag, these larger homes can be remarkably affordable compared to their smaller counterparts.

For instance, at KB Home’s Sawgrass Plantation community in Orlando, a four bedroom, three bath, 2,792 square foot home is priced at $215,990 with an estimated monthly mortgage payment of $1,564. A six bedroom, four bath, 3,512 square foot home is priced at $220,990, with an estimated monthly mortgage payment of $1,600. So, for an additional 720 square feet of living space, the monthly payment would only increase by $36.*

“Two things are at play here — consumers’ desire for more room for them and their families as well as our refined business model and economies of scale that allow us to offer them additional space for a nominal incremental cost,” said George Glance, president of KB Home’s Central Florida division.

“And the best part is that, thanks to our Built to Order process and flexible home designs, when a buyer chooses one of our bigger floor plans, they can choose how they want to use that extra square footage — whether for an additional bedroom, an expanded outdoor living area or a home office. Our personalized Built to Order customer experience and building efficiency are at the core of how we at KB Home can meet homebuyers’ needs,” continued Glance.

To learn more and view floor plans available at KB Home communities throughout Central Florida, visit kbhome.com or call 888-KB-HOMES.

*Estimated monthly payments are based on sales prices, and include only PITI and estimated mortgage insurance premium; assumes qualification for an FHA 30-year fixed-rate mortgage loan of (a)$212,078, (b)$216,360 with interest rate of (a)3.75%, (b)3.75% and APR of (a)4.01%, (b)4.01% for the life of the loan and pays 3.5% down payment and payment of estimated closing costs of 3% of sales price. Minimum credit scores, underwriting guidelines and other terms and conditions apply. Not all buyers/applicants may qualify. This is not a commitment to lend. Rates effective 6/14/2012 and subject to change without notice.

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