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KAUFMAN AND BROAD REPEATS AS GOLD NUGGET 'BEST OF SHOW' WINNER

 Model at May Ranch in Perris Honored as Detached Home of the Year; Temecula Community Captures Top Award For `Best Affordable Development'
 LOS ANGELES, June 21 /PRNewswire/ -- Proving once again that value is the most desirable amenity in today's new home market, Gold Nugget judges Friday bestowed top honors on Kaufman and Broad homes in two Riverside County communities with prices starting at less than $110,000, as well as one of the company's popular Northern California models.
 The "Silhouette" model at California Skyline in the city of Perris was voted Detached Home of the Year among all single-family, small-lot houses. A two-story home featuring four bedrooms and 2 1/2 baths in 1,412 square feet, The Silhouette also includes vaulted ceilings, ceramic tile entries, Whirlpool appliances and a host of energy conservation features.
 California Skyline is one of the premiere developments at Kaufman and Broad's new 3,800-unit May Ranch master-planned community in Perris. Since opening earlier this year, approximately 60 of California Skyline's eventual 278 homes have been sold at prices averaging $99,500. The starting price of the Silhouette model is $108,990.
 The award marked the second straight year a Kaufman and Broad home has captured the prestigious Best of Show honors at the Gold Nuggets.
 In addition to being named Home of the Year, The Silhouette also captured the Grand Award in the Gold Nugget category for Best Single Family/Small Lot Detached Home from 1,200 to 1,600 square feet. Only Grand Award winners from each housing category compete for the overall Home of the Year designation, as chosen by a panel of real estate experts.
 Another Kaufman and Broad community located in Riverside County, California Encore in Temecula, received the Gold Nugget Award for Best Affordable Detached Housing Development. California Encore includes 130 homes ranging from 1,001 to 1,364 square feet, with prices starting at $109,900.
 A Kaufman and Broad home in Northern California, the "Legacy" model at California Heritage in Antioch, won the Grand Award as Best Single- Family/Conventional Lot Detached Home in the 1,501 to 2,000 square feet category. Featuring a front porch as part of its traditional design, the two-story Legacy plan includes four bedrooms, three baths and a family room. California Heritage is the latest phase of Kaufman and Broad's Williamson Ranch master-planned community.
 The Gold Nugget Awards, held in conjunction with the annual Pacific Coast Builders Conference trade show in San Francisco, honor the "Best of the West" in residential real estate design covering the 14 western U.S. states and several Pacific Rim countries.
 "This year's competition drew nearly 500 entries in 39 separate categories," reported Roger Menard, president, Western operations for Kaufman and Broad. "To earn Home of the Year distinction for the second consecutive year is a great honor. Along with the award for Best Affordable Development, we believe the Gold Nugget judges recognized the potent combination of quality and value Kaufman and Broad offers in today's new home market."
 Menard further noted that the total of four top awards garnered by Kaufman and Broad were the most won by any builder in this year's Gold Nugget competition.
 In addition to the top honors bestowed on California Skyline, California Encore and California Heritage, seven other Kaufman and Broad homes and/or communities earned Awards of Merit in this year's Gold Nugget competition -- the most in any one year in company history.
 They include California Oaks in Rosamond, honored in the category for Best Affordable Detached Housing Development; two models at Pebble Creek in Green Valley (Las Vegas); two models at Vintage Gallery in Orange County's Foothill Ranch; and individual models at California Creekside in Windsor (near Santa Rosa) and at California Pointe in Canyon Country, north of Los Angeles.
 All of Kaufman and Broad's Gold Nugget entries were designed by Kaufman and Broad's Architectural Services Group.
 "We're extremely proud of these homes and the awards they've earned, which are among the most prestigious in our industry," said Michael L. Woodley, AIA, senior vice president, architecture. "We believe strongly that good design and affordability must go hand in hand, particularly in today's market. We're especially pleased the Gold Nugget judges recognized once again that less expensive homes can also be well- designed and well-built," he added.
 Los Angeles-based Kaufman and Broad (NYSE: KBH) is the largest home builder in the West and among the largest builders in metropolitan Paris, where the company develops commercial office properties and a variety of residential investment properties in addition to single- family homes.
 -0- 6/21/93
 /CONTACT: Bernard Sandalow of Kaufman and Broad, 310-443-8040/
 (KBH)


CO: Kaufman and Broad ST: California IN: CST SU:

EH-MF -- LA031 -- 4239 06/21/93 18:03 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
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