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The following is an excerpt from a 10-K SEC Filing, filed by KB HOME on 2/10/2006.

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                                   EXHIBIT 21
                     KB HOME AND CONSOLIDATED SUBSIDIARIES
                         SUBSIDIARIES OF THE REGISTRANT
    The following subsidiaries of KB Home were included in the November 30, 2005
consolidated financial statements:

                                                        Percentage of Voting
                                                      Securities Owned by the
                                                     Registrant or a Subsidiary
                  Name of Company                        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
 Branching Tree Corp.                                                        100
 Custom Decor, Inc.                                                          100
 Kaufman and Broad Development Group                                         100
 Kaufman and Broad Embarcadero, Inc.                                         100
 Kaufman and Broad International, Inc.                                       100
 Kaufman and Broad - Monterey Bay, Inc.                                      100
 Kaufman and Broad - Moreno/Perris Valleys, Inc.                             100
 Kaufman and Broad of Utah, Inc.                                             100
 KBASW Mortgage Acceptance Corporation                                       100
 KB Holdings One, Inc.                                                       100
 KB HOME Architecture Inc.                                                   100
 KB HOME Central Valley Inc.                                                 100
 KB HOME City Ranch Inc.                                                     100
 KB HOME Coastal Inc.                                                        100
 KB HOME Greater Los Angeles Inc.                                            100
 KB HOME Holdings Inc.                                                       100
 KB HOME Insurance Agency Inc.                                               100
 KB HOME North Bay Inc.                                                      100
 KB HOME Sacramento Inc.                                                     100
 KB HOME Sales - Northern California Inc.                                    100
 KB HOME Sales - Southern California Inc.                                    100
 KB HOME San Diego Inc.                                                      100
 KB HOME South Bay Inc.                                                      100
 KBI/Mortgage Acceptance Corporation                                         100
 KBRAC IV Mortgage Acceptance Corporation                                    100
 KB Resale Properties Inc.                                                   100
 Lewis Homes Management Corp.                                                100
 Mather Housing Company LLC                                                  100
 Colorado
 KB HOME Colorado, Inc.                                                      100
 Delaware
 City Ranch, LLC                                                             100
 e.KB, Inc.                                                                  100
 Estes Homebuilding Co.                                                      100
 General Homes Corporation                                                   100
 General Homes Development LLC                                               100
 HomeSafe Escrow Company                                                     100


Percentage of Voting Securities Owned by the Registrant or a Subsidiary Name of Company of the Registrant

International Mortgage Acceptance Corporation 100 Kaufman and Broad Development Company 100 Kaufman and Broad Limited 100 Kaufman & Broad NexGen, LLC 100 KB Brea Development, LLC 100 KB HOME Atlanta LLC 100 KB HOME Charlotte LLC 100 KB HOME Delaware Inc. 100 KB HOME DelMarVa Inc. 100 KB HOME District of Columbia Inc. 100 KB HOME Florida LLC 100 KB HOME Fort Myers LLC 100 KB HOME Georgia LLC 100 KB HOME Gold Coast LLC 100 KB HOME Gulf Coast Inc. 100 KB HOME Illinois Inc. 100 KB HOME Indiana Inc. 100 KB HOME Jacksonville LLC 100 KB HOME Maryland Inc. 100 KB HOME New Orleans Inc. 100 KB HOME Mortgage Ventures LLC 100 KB HOME North Carolina LLC 100 KB HOME Orlando LLC 100 KB HOME Raleigh-Durham LLC 100 KB HOME Sales - Orlando LLC 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 LHC Arctic LLC 100 LHE Arctic LLC 100 LHN Arctic LLC 100 LP Arctic LLC 100 Martin Park, LLC 100 Rate One Holdings, Inc. 100 rateOne Home Loans, LLC 100 Florida
KB HOME Title Services Inc. 100 Georgia
Colony Homes L.L.C. 100 KB HOME Sales - Atlanta LLC 100 Village Utilities LLC 100 Illinois
Kaufman and Broad of Illinois, Inc. 100 KB HOME Mortgage Company 100 Michigan
Keywick, Inc. 100


Percentage of Voting Securities Owned by the Registrant or a Subsidiary Name of Company of the Registrant

Nevada
HomeSafe Company 100 KB HOME Nevada Inc. 100 KB HOME Reno Inc. 100 KB HOME Sales - Nevada Inc. 100 KB HOME Sales - Reno Inc. 100 New Mexico
KB HOME New Mexico Inc. 100 KB HOME Sales - New Mexico Inc. 100 New York
KB Home Long Island Inc. 100 South Carolina
KB HOME South Carolina LLC 100 Texas
Clear Brook Crossing Inc. 100 Clear Brook Crossing Development LP 100
FGMC, INC. 100 Hallmark Residential Group, Inc. 100 Kaufman and Broad Development of Texas, L.P. 100 KB HOME Insurance Agency of Texas Holdings Inc. 100 Kaufman and Broad of Texas, Ltd. 100 KB HOME Lone Star LP 100 KB HOME Laredo LP 100 KBSA, Inc. 100 Quoin Investments, Inc. 100 San Antonio Title Co. 100 Satex Properties, Inc. 100 Vermont
Westview Company 100 France
Gie KB 49 Kaufman and Broad Developpement S.A. 49 Kaufman and Broad Promotion Maisons Individuelles S.A. 49 Kaufman and Broad Renovation S.A.R.L. 49 Kaufman & Broad S.A. 49 LMP Chancy S.A.R.L. 49 Millet S.A.R.L. 49 Park S.A. 49 SMCI Developpement S.A. 49