The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Broken_Clock	7/6/2006 11:54:15 PM
	of 306849

Brookfield: Second-quarter new orders fall 49% By Gabriel Madway Last Update: 5:47 PM ET Jul 6, 2006 SAN FRANCISCO (MarketWatch) -- Brookfield Homes Corp. (BHS : BHS31.42, -0.48, -1.5% ) said late Thursday net new orders for the second quarter totaled 255 units, down 49% from the same period last year. The Fairfax, Va.-based company currently estimates 1,200 to 1,300 home closing in 2006, down 18% to 24% from 2005. Brookfield said the decline in new orders continues to be primarily in the San Diego/Riverside, Calif., areas and Washington D.C. markets. The decline results from an overall more competitive market environment as resale inventories increase and potential homebuyers take a wait-and-see approach, the company said

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