Brookfield Homes Corporation (NYSE: BHS) - 

                         2010 THIRD QUARTER RESULTS

           Webcast and Conference Call for Investors and Analysts

                 2010 Third Quarter Results Conference Call
           ------------------------------------------------------
                       Date: Friday, October 29, 2010
                       Time: 3:30 p.m. (Eastern Time)

You are invited to participate in Brookfield Homes' Q3/2010 Conference Call on Friday, October 29, 2010 at 3:30 pm (Eastern Time) to discuss with members of senior management our results and current business initiatives.

Brookfield Homes will release its 2010 third quarter results at approximately 12 noon on Friday, October 29, 2010 (Eastern Time), and it will be available on the website at www.brookfieldhomes.com under "News and Events - Press Releases." Brookfield Homes' 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 1-800-319-4610, toll free in North America or 1-604-638-5340, 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 November 29, 2010. To access this rebroadcast, please call 1-800-319-6413, toll free in North America or 1-604-638-9010 (code 2818).

If you have any questions about the Conference Call, please contact Linda Northwood, Director, Investor Relations at 858-481-2567 or by email at lnorthwood@brookfieldhomes.com

Brookfield Homes Corporation is a land developer and homebuilder. We entitle and develop land for our own communities and sell lots to third parties. We also design, construct and market single-family and multi-family homes primarily to move-up homebuyers. Our portfolio includes 26,000 lots owned and controlled in the Northern California; Southland / Los Angeles; San Diego / Riverside; and Washington D.C. Area markets. For more information, visit the Brookfield Homes website at www.brookfieldhomes.com.

Contacts: Brookfield Homes Corporation Linda Northwood Director, Investor Relations 858-481-2567 lnorthwood@brookfieldhomes.com

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