Brookfield Homes Announces Third Quarter Net New Orders and Notice of Third Quarter Conference Call and Webcast.DEL MAR Del Mar is the name of several places in the United States of America:
See: New York Stock Exchange : BHS BHS beta-hemolytic streptococci. ): Net New Orders Our net new orders for the three months ended September 30, 2004 totaled 301 units, a decrease of 90 units compared to the same period last year. Our net new orders during the quarter were down, when compared to the same period in 2003, as fewer homes were available for sale within a number of our communities nearing build out. The exception was San Diego/Riverside where a number of new projects came on stream. We remain on track to close 1,850 homes in 2004, an increase of 322 units over last year. As well, our increase in net new orders for the nine months ended September 30, 2004 positions us to have a year-end backlog of 30% of our planned 2005 home closings.
A summary by region of the net new orders and active selling
communities follows:
Active
Net New Orders Selling Communities
-------------------------- -------------------
Three months Nine months Three months
ended ended ended
September 30 September 30 September 30
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2004 2003 2004 2003 2004 2003
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San Francisco
Bay Area 46 81 317 269 5 6
Southland /
Los Angeles 32 108 308 267 3 4
San Diego /
Riverside 160 69 564 400 8 3
Northern Virginia 63 133 321 456 11 14
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301 391 1,510 1,392 27 27
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Webcast and Conference Call for Investors and Analysts You are invited to participate in Brookfield Homes' Third Quarter Conference Call on Wednesday, November 3, 2004 at 11:00 a.m. (ET) to discuss our results and current business initiatives with members of senior management. Brookfield Homes will release its 2004 third quarter financial results on Tuesday, November 2nd at approximately 5:00 p.m. (EST EST electroshock therapy. EST abbr. electroshock therapy ), and they will be available on our website at www.brookfieldhomes.com under "Investor Relations Investor relations The process by which the corporation communicates with its investors. - Press Releases." Our supplemental information package will also be available 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 416-695-6140 or 1-800-766-6630, toll free in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , at approximately 10 minutes prior to the start time. For those unable to participate in the Conference Call, a taped rebroadcast will also be available until midnight Wednesday, November 17, 2004. To access this rebroadcast, please call 416-695-9772 or 1-877-244-9113, toll free in North America and enter the pin code 4550. 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 23,000 lots owned and controlled in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay ; Southland south·land or South·land n. A region in the south of a country or an area. south  land·er n.Noun 1. / Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. ; San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. / Riverside; Sacramento and Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. markets. For more information, visit the Brookfield Homes website at www.brookfieldhomes.com. Note: Certain statements in this press release that are not historical facts, including information concerning projected 2004 home closings and year-end backlog and those statements preceded by, followed by, or that include the words "planned", "projected", "goals", "expected", "targeted," "scheduled" or similar expressions, constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Undue reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from the anticipated future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forward in the forward-looking statements include, but are not limited to: changes in general economic, real estate and other conditions; mortgage rate changes; availability of suitable undeveloped land at acceptable prices; adverse legislation or regulation; ability to obtain necessary permits and approvals for the development of our land; availability of labor or materials or increases in their costs; ability to develop and market our master-planned communities successfully; confidence levels of consumers; ability to raise capital on favorable terms; adverse weather conditions and natural disasters; relations with the residents of our communities; risks associated with increased insurance costs or unavailability of adequate coverage and ability to obtain surety bonds surety bond An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced. ; competitive conditions in the homebuilding industry, including product and pricing pressures; and additional risks and uncertainties referred to in our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other SEC filings, many of which are beyond our control. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. |
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