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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001209191-07-046822.txt : 20070808
<SEC-HEADER>0001209191-07-046822.hdr.sgml : 20070808
<ACCEPTANCE-DATETIME>20070808173010
ACCESSION NUMBER:		0001209191-07-046822
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070806
FILED AS OF DATE:		20070808
DATE AS OF CHANGE:		20070808

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROOKFIELD HOMES CORP
		CENTRAL INDEX KEY:			0001202157
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		IRS NUMBER:				371446709
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8500 EXECUTIVE PARK AVENUE
		STREET 2:		SUITE 300
		CITY:			FAIRFAX
		STATE:			VA
		ZIP:			22031
		BUSINESS PHONE:		703-270-1700

	MAIL ADDRESS:	
		STREET 1:		8500 EXECUTIVE PARK AVENUE
		STREET 2:		SUITE 300
		CITY:			FAIRFAX
		STATE:			VA
		ZIP:			22031

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BROOKFIELD ASSET MANAGEMENT INC.
		CENTRAL INDEX KEY:			0001001085
		STANDARD INDUSTRIAL CLASSIFICATION:	GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520]
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31524
		FILM NUMBER:		071036963

	BUSINESS ADDRESS:	
		STREET 1:		BCE PLACE  181 BAY ST
		STREET 2:		STE 300  PO BOX 762
		CITY:			TORONTO ONTARIO
		STATE:			A6
		ZIP:			M5J2T3
		BUSINESS PHONE:		4163639491

	MAIL ADDRESS:	
		STREET 1:		BCE PLACE  181 BAY ST
		STREET 2:		STE 300  PO BOX 762
		CITY:			TORONTO ONTARIO
		STATE:			A6
		ZIP:			M5J2T3

	FORMER NAME:	
		FORMER CONFORMED NAME:	BRASCAN CORP/
		DATE OF NAME CHANGE:	20010321

	FORMER NAME:	
		FORMER CONFORMED NAME:	EDPERBRASCAN CORP
		DATE OF NAME CHANGE:	19970904

	FORMER NAME:	
		FORMER CONFORMED NAME:	BRASCAN LTD
		DATE OF NAME CHANGE:	19950919
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bay37309_bay1bam.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-08-06</periodOfReport>

    <issuer>
        <issuerCik>0001202157</issuerCik>
        <issuerName>BROOKFIELD HOMES CORP</issuerName>
        <issuerTradingSymbol>BHS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001001085</rptOwnerCik>
            <rptOwnerName>BROOKFIELD ASSET MANAGEMENT INC.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BROOKFIELD PLACE 181 BAY ST, STE 300</rptOwnerStreet1>
            <rptOwnerStreet2>PO BOX 762</rptOwnerStreet2>
            <rptOwnerCity>TORONTO</rptOwnerCity>
            <rptOwnerState>A6</rptOwnerState>
            <rptOwnerZipCode>M5J2T3</rptOwnerZipCode>
            <rptOwnerStateDescription>ONTARIO, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-08-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>90000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>18.1628</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>14230893</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>I</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The common shares are held in the name of Brascan (US) Corporation, a wholly-owned subsidiary of Brookfield Asset Management Inc., (&quot;Brookfield&quot;). Brookfield beneficially owns the common shares. Brookfield's major shareholder is Partners Limited (&quot;Partners&quot;). Partners beneficially owns the common shares indirectly through Brookfield.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Alan V. Dean, SVP, Corporate Affars &amp; Secretary on behalf of Brookfield Asset Management Inc.</signatureName>
        <signatureDate>2007-08-07</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Lory Corso, Secretary on behalf of Partners Limited</signatureName>
        <signatureDate>2007-08-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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