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Brookfield Homes

Brookfield Homes Announces 4th Quarter Net New Orders

01/06/2004 Up 80.7% (118% annualized) since we recommended the company, Brookfield Homes today announced their 4th quarter net new orders. The company's press release follows:

DEL MAR, Calif.--(BUSINESS WIRE)--Jan. 6, 2004-- Net new orders increased by 104 units for the three months ended December 31, 2003 compared to the same period in 2002. The increase is due mainly to continued strong market conditions and a higher number of active selling communities. A summary by region of the net new orders for the three months can be found on the company's web site.

During the three months ended December 31, 2003, active selling communities totaled 30, compared with 25 for the three months ended December 31, 2002.

Webcast and Conference Call for Investors and Analysts

You are invited to participate in Brookfield Homes' Year End Conference Call on Thursday, February 19, 2004 at 11:00 a.m. (ET) to discuss with members of senior management our results and current business initiatives.

Brookfield Homes will release its 2003 year end financial results on February 18th at approximately 5:00 p.m. (EST), and they will be available on our website at www.brookfieldhomes.com under "Investor Relations - Press Releases." Our supplemental information package will also be available on February 18th under "Investor Relations - Financial Reports and Investor Presentations." The Conference Call will also be Webcast live on our website, where it will be archived for future reference.

To participate in the Conference Call, please dial 416-695-5261 or 1-877-461-2816, toll free in North America, at approximately 10 minutes prior to the start time. The reservation number for this call is T471552S. For those unable to participate in the Conference Call, a taped rebroadcast will also be available until midnight Thursday, March 4, 2004. To access this rebroadcast, please call 416-695-5797 or 1-800-293-7783, toll free in North America, and enter the reservation number 1552.

Brookfield Homes Corporation

Brookfield Homes Corporation is a residential homebuilder and land developer, building homes and developing land in master-planned communities and infill locations. We design, construct and market single-family and multi-family homes primarily to move-up and luxury homebuyers. We also develop land for our own communities and sell lots to other homebuilders. Our portfolio includes over 20,000 lots owned and controlled in the San Francisco Bay Area; Southland / Los Angeles; San Diego / Riverside; and Northern Virginia markets. For more information, visit the Brookfield Homes website at www.brookfieldhomes.com.


Contact:
Brookfield Homes Corporation
Linda Northwood, 858-481-2567
lnorthwood@brookfieldhomes.com


Source: Brookfield Homes Corporation

 




 

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