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KAUFMAN AND BROAD FORMS TASK FORCE TO EXPLORE HOME-BUILDING OPPORTUNITIES IN MEXICO

 LOS ANGELES, May 27 /PRNewswire/ -- Kaufman and Broad Home Corp. (NYSE: KBH), the largest home builder in the West, today announced it has formed a task force to actively explore residential real estate development opportunities in Mexico.
 "With a growing economy and an increasing need for quality housing, we believe that Mexico could represent an excellent opportunity for our company to offer home buyers the same type of well-designed, value-oriented single-family homes that have always been our trademark in the United States, France and Canada," said Bruce Karatz, president and chief executive officer.
 B. Duane Betty, who served most recently as president of Kaufman and Broad's successful Antelope Valley home building division in California, has been named to head the new task force, and will be based in Mexico City effective June 15. He has nearly 20 years of experience in residential and commercial real estate development.
 Founded in 1957, Los Angeles-based Kaufman and Broad is the largest home builder in the West, with operating divisions located throughout California as well as in Arizona and Nevada. The company is also among the largest builders in metropolitan Paris, where it develops commercial office properties and a variety of residential investment properties in addition to single-family homes.
 -0- 5/27/93
 /CONTACT: Bernard Sandalow of Kaufman and Broad, 310-443-8040/
 (KBH)


CO: Kaufman and Broad Home Corp. ST: California IN: CST SU:

EH -- LA028 -- 3045 05/27/93 14:54 EDT
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Publication:PR Newswire
Date:May 27, 1993
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