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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