U.S. SECURITIES & EXCHANGE COMMISSION



Washington, D. C.  20549



SCHEDULE 13D - Amendment #4

Under the Securities Exchange Act of 1934



Calton, Inc.

(Name of Issuer)



Common Stock

(Title of Class Securities)



131380206

(CSUIP Number)



Frederick J. Jaindl

Jaindl Farms

Atten. Mark W. Jaindl

3150 Coffeetown Road,  Orefield, PA 18069

(610) 395-3333



(Name, Address and Telephone Number

of Person Authorized to Receive

Notices and Communications)



January 12, 1998

(Date of Event which Requires Filing 

of this Statement)



If the filing person has previously filed a statement on
Schedule 13D to report the acquisition which is the subject of
this Schedule  13D,  and is filing this schedule because of Rule
 13d -1(b) (3) or (4) ,  check the following box (     ).



Check the following box if a  fee is being  paid with this
statement (   ).  (A fee is not required  only if the reporting
person:  (1)  has a previous  statement on file reporting
beneficial ownership of more than five percent of the class of
securities described in Item 1;  and  (2) has filed no amendment
subsequent thereto reporting beneficial ownership of less of
less than five percent of such class.  See Rule 13d-7.)



The information required on the remainder of this cover page
shall not be deemed to "file" for the purpose of Section 18 of
the Securities Exchange Act of 1934 (Act") or otherwise subject
to the liabilities of that section of the Act but shall be
subject to all other provisions of the Act.





Cusip No. 131380206

	1)	Names of Persons S.S. or I.R.S.  Identification Nos. of
Above Persons:

		Frederick John Jaindl - SSN ###-##-####

_________________________________________________________________
____________

	

	2)	Check the Appropriate Box  if a Member of a Group

		(See Instruction): __________

		(a)_______

		(b)     X      

_________________________________________________________________
____________



	3)	SEC Use Only________________________________________________

_________________________________________________________________
____________

	

	4)	Source of Funds  (See Instructions):    00    

_________________________________________________________________
____________

	

	5)	Check if Disclosure of Legal  Proceedings is Required

		Pursuant to items 2 (d) or (e):  N/A

_________________________________________________________________
____________

	

	6)	Citizenship or Place of Organization:    U.S.

_________________________________________________________________
____________

Number of  	7)  Sole Voting Power:    1,640,150

Share Bene-    
________________________________________________________________

ficially	

Owned by 	8)  Shared Voting Power    N/ A    

Each
Report-	_________________________________________________________
_______

ing Person	9)  Sole Dispositive Power:  1,640,150

With_____________________________________________________________
___________

		

	10)	Shared Dispositive Power     N/A
_________________________________________________________________
___________

	

	11)	Aggregate Amount Beneficially Owned by Each Reporting

		Person: 1,640,150 shares 

_________________________________________________________________
___________

	

	12)	Check if the Aggregate Amount in Row (11) Excludes

		Certain Shares (See Instructions)    N/A

_________________________________________________________________
____________

	

	13)	Percent of Class Represented by Amount in Row (11)

		     6.20%

_________________________________________________________________
____________

	

	14)	Type of Reporting Person (See Instructions):  IN

_________________________________________________________________
____________



Item 1.	     Security  and Issuer.



	This Schedule 13D filing relates to the common stock, $.01 par
value, of Calton, Inc. a residential home builder having its
principal business offices at 500 Craig Road, Manalapan, NJ 
07726-8790 (the "Company")



Item 2 .     Identity and Background



           (a)  This statement  is being filed by Frederick J.
Jaindl.



	(b)   His principal business address is Jaindl Farms,  3150
Coffeetown Road,  Orefield, PA  18069.

	

	(c)    Mr. Jaindl's present principal occupation is as the sole
proprietor of Jaindl Farms and the principal shareholder and
chief  executive officer of Jaindl's Inc.  Both of theses
businesses firms have their principal offices at 3150 Coffeetown
Road,  Orefield, PA 18069.



	(d)	None.



	(e)	None.



	(f)	Mr. Jaindl is a U.S. citizen



Item 3.      Source and Amount of Funds or Other Consideration.



	Mr. Jaindl has business interests ranging from turkey farming
to real estate development.  In the regular course of these
businesses,  he borrows funds from various lenders to finance
their daily operations.  Since most of these businesses are
structured as sole proprietorships and corporations controlled
by Mr. Jaindl,  he typically reinvests back into his operations
most of the net profits generated by these entities or by any
personal investments he routinely makes.  From time to time he
recovers  the equity  invested in his businesses either by
taking distributions  from current profits or by financing
assets held by one of his business entities,  thereby allowing
him to realize a portion of the equity accumulated in those
assets without having to sell them.  The personal funds he has
used and may use in the future to purchase shares of common
stock  of the Company have been generated from the equity and
profits he accumulates in his various businesses as described
above.



Mr. Jaindl  has in the past  borrowed funds to purchase
investments or to finance his other business interest's.  Mr.
Jaindl may in the future borrow funds to purchase additional
shares of the Company's common stock or to finance his other
business interests,  which loans may be secured by pledges of
the Company's common stock.









- -3-

Item 4.  Purpose of Transaction.



	Mr. Jaindl has sold these shares for investment purposes and
has no current plans which would result in any actions
enumerated in the Schedule 13d instructions for this Item 4. 
However, Mr. Jaindl may acquire or sell additional shares of the
Company common stock if attractive investment opportunities
become available in the future.



Item 5.  Interest in Securities of the Issuer.



	(a)  Mr. Jaindl owns 1,640,150 shares of common stock of the
Company.  These shares constitute 6.20% of the 26,579,000 shares
of Company common stock outstanding as of August 31, 1997.



	(b)   Mr. Jaindl has the sole voting and dispositive power of
the 1,640,150 shares  of common stock he holds.



	(c)  The following transactions were effected by or on behalf
of Mr. Jaindl during the past sixty days:



	Date Sold		No. of Shares		     Price		Transaction

  

	01/09/98		  10,000		      $.625		Open Market

	01/12/98		440,600		      $.5625		Open Market

	01/13/98		    1,800		      $.625		Open Market

	01/14/98		    1,600		      $.625		Open Market

	01/15/98		    2,000		      $.625		Open Market



	(d)  Not applicable



	(e)  Not applicable



Item 6.	  Contracts,  Arrangements,  Understandings or
Relationships With 

             Respect to Securities of the Issuer.	



              Not applicable.



	After reasonable inquiry  and to the best of my knowledge and
belief, 

	I certify that the information set forth in this statement is
true, complete 

	and correct.



January 15, 1998





________________________________________

Signature

Mark W. Jaindl

Jaindl Farms