In his new position, Caldwell will report to Kaufman and Broad's Vice President and CIO, George Brenner. He will be responsible for IT strategic planning, computer services, telecommunications, and technical support among other duties.

"As the largest homebuilder in the nation, we are focused on information technology to support our rapidly growing business. Jim brings more than 28 years of experience in IS and we are pleased to have his expertise to help our plans for growth," said Michael F. Henn, Senior Vice President and Chief Financial Officer.

Caldwell joins Kaufman and Broad from EDS (formerly MCI Systemhouse), where he most recently served as Managing Director on four major Y2K projects totaling $33 million in revenue. Prior to that he held a major IT executive positions with Universal Studios, Inc., and other IT management positions for Pricewaterhouse, LLP, Atari Corp., Dataproducts Corp., and Burroughs Corp.

Caldwell holds a M.B.A. and his B.S. degree in Mechanical Engineering from the University of Detroit.

Kaufman and Broad Home Corporation is expected to be the largest homebuilder in the United States in 1999 based on the number of homes delivered. Headquartered in Los Angeles, the Company has operating divisions in California, Nevada, Arizona, New Mexico, Texas, Colorado and Utah and is also one of the largest homebuilders in France.

SOURCE Kaufman and Broad Home Corporation

For More Information Contact:
Kate Mulhearn
(310) 231-4015
kmulhearn@kbhome.com