UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): April 5, 2004

WILLIAM LYON HOMES

(Exact name of registrant as specified in its charter)

Delaware	0-18001	33-0864902
(State or other jurisdiction of incorporation or organization	(Commission file number)	(I.R.S. Employer Identification No.)

4490 Von Karman Avenue Newport Beach, California	92660 (Zip Code)
(Address of principal executive offices)

(949) 833-3600

(Registrant’s telephone number, including area code)

Not Applicable

(Former name and former address if changed since last report)

INFORMATION TO BE INCLUDED IN THE REPORT

Item 7.    Exhibits

(c)  Exhibits

The following exhibit is not filed but furnished pursuant to Item 12, “Results of Operations and Financial Condition”:

Exhibit No.	Description
99.1	Press Release issued on April 5, 2004 announcing preliminary net new home orders and backlog for the fiscal quarter ended March 31, 2004.

Item 12.    Results of Operations and Financial Condition

The information in this Current Report on Form 8-K, including the exhibit, is furnished pursuant to Item 12, “Results of Operations and Financial Condition” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that Section. Furthermore, the information in this Current Report on Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into the filings of William Lyon Homes under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

On April 5, 2004 William Lyon Homes issued a press release announcing its preliminary net new home orders and backlog for the fiscal quarter ended March 31, 2004. A copy of the press release is furnished as Exhibit 99.1 to this report.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 6, 2004

WILLIAM LYON HOMES
By:	/s/    MICHAEL D. GRUBBS
Name: Its:	Michael D. Grubbs Senior Vice President, Chief Financial Officer and Treasurer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release issued on April 5, 2004 announcing preliminary net new home orders and backlog for the fiscal quarter ended March 31, 2004.