FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * SEITH WILLIAM B   2. Issuer Name and Ticker or Trading Symbol BROOKFIELD HOMES CORP [BHS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Risk Management (Last) (First) (Middle) 3090 BRISTOL STREET, SUITE 200 3. Date of Earliest Transaction (Month/Day/Year) 03/31/2011 (Street) COSTA MESA, CA 92626 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$ 21.94	03/31/2011		D			10,000	(1)	02/18/2014	Common Stock	10,000	$ 0	0 (1)	D
Employee Stock Option (Right to Buy)	$ 36.25	03/31/2011		D			5,000	(1)	02/02/2015	Common Stock	5,000	$ 0	0 (1)	D
Employee Stock Option (Right to Buy)	$ 52	03/31/2011		D			5,000	(1)	02/01/2016	Common Stock	5,000	$ 0	0 (1)	D
Employee Stock Option (Right to Buy)	$ 36.41	03/31/2011		D			20,000	(1)	02/01/2017	Common Stock	20,000	$ 0	0 (1)	D
Employee Stock Option (Right to Buy)	$ 15.9	03/31/2011		D			20,000	(1)	02/01/2018	Common Stock	20,000	$ 0	0 (1)	D
Employee Stock Option (Right to Buy)	$ 2.65	03/31/2011		D			125,000	(1)	02/02/2019	Common Stock	125,000	$ 0	0 (1)	D
Employee Stock Option (Right to Buy)	$ 7.35	03/31/2011		D			60,000	(1)	02/09/2020	Common Stock	60,000	$ 0	0 (1)	D
Employee Stock Option (Right to Buy)	$ 14.7	03/31/2011		D			43,000	(1)	02/16/2021	Common Stock	43,000	$ 0	0 (1)	D
Deferred Share Units	(2)	03/31/2011		D			25,407	(4)	(3)	Common Stock (3)	25,407 (3)	$ 0	0 (4)	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SEITH WILLIAM B 3090 BRISTOL STREET SUITE 200 COSTA MESA, CA 92626			EVP, Risk Management

Signatures

William B. Seith		04/01/2011
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	As a result of the Merger, these stock options were replaced on the Effective Date by share options of Brookfield Residential in accordance with the terms of the Merger.
(2)	1-for-1
(3)	Units can only be redeemed after separation from service, whether due to retirement, termination or death. There will be no shares of common stock issued, authorized, reserved, purchased or sold at any time in connection with units allocated. Under no circumstances will units be considered shares of common stock, or entitle any participant to the exercise of voting rights or to the exercise of any other rights arising from ownership of shares of common stock.
(4)	As a result of the Merger, these deferred share units were replaced on the Effective Date with deferred share units of Brookfield Residential.

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