Exhibit 5.11
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November 4, 2019
KB Home
10990 Wilshire Boulevard
Los Angeles, California 90024
Ladies and Gentlemen:
We have acted as Arizona counsel at the request of KB Home, a Delaware corporation (the “Company”), to KB HOME Phoenix Inc. (“Phoenix”) and KB HOME Tucson Inc. (“Tucson”), each an Arizona corporation (collectively, the “Arizona Guarantors”), in connection with the Company’s offer and sale of $300,000,000 in aggregate principal amount of the Company’s 4.800% Senior Notes due 2029 (the “2029 Notes”, or, the “Securities”), the offer and sale of which was registered on its Registration Statement on FormS-3 (RegistrationNo. 333-219293), as amended by post-effective amendment on February 5, 2019 (the “Registration Statement”). The offering is being made pursuant to the Underwriting Agreement dated October 21, 2019 (the “Underwriting Agreement”), by and among (i) the Company, (ii) the Arizona Guarantors, (iii) KB HOME Sacramento Inc., KB HOME South Bay Inc., KB HOME Coastal Inc., KB HOME Greater Los Angeles Inc., KB HOME Fort Myers LLC, KB HOME Jacksonville LLC, KB HOME Treasure Coast LLC, KB HOME Florida LLC, KB HOME Las Vegas Inc., KB HOME Reno Inc., KB HOME Lone Star Inc., KBSA, Inc., KB HOME Colorado Inc. (together, the “Non-Covered Guarantors”), and (iv) Citigroup Global Markets Inc., BNP Paribas Securities Corp., BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters named on Schedule B thereto (the “Underwriters”). The Securities are to be issued pursuant to an Indenture dated as of January 28, 2004 (the “Base Indenture”), as amended and supplemented by a First Supplemental Indenture dated as of January 28, 2004 (the “First Supplemental Indenture”), a Second Supplemental Indenture dated as of June 30, 2004 (the “Second Supplemental Indenture”), a Third Supplemental Indenture dated as of May 1, 2006 (the “Third Supplemental Indenture”), a Fourth Supplemental Indenture dated as of November 9, 2006 (the “Fourth Supplemental Indenture”), a Fifth Supplemental Indenture dated as of August 17, 2007 (the “Fifth Supplemental Indenture”), a Sixth Supplemental Indenture dated as of January 30, 2012 (the “Sixth Supplemental Indenture”), a Seventh Supplemental Indenture dated as of January 11, 2013 (the “Seventh Supplemental Indenture”), an Eighth Supplemental Indenture dated as of March 12, 2013 (the “Eighth Supplemental Indenture”), a Ninth Supplemental Indenture dated as of February 28, 2014 (the “Ninth Supplemental Indenture”), and a Tenth Supplemental Indenture dated as of January 22, 2019 (the “Tenth Supplemental Indenture”; the Base Indenture, as amended and supplemented by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture and the Tenth Supplemental Indenture, is hereinafter called the “Indenture”) each among the Company, the guarantors party thereto and U.S. Bank National