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EXHIBIT 22
KAUFMAN AND BROAD HOME CORPORATION AND CONSOLIDATED SUBSIDIARIES
SUBSIDIARIES OF THE COMPANY
The following subsidiaries of the Company were included in the November 30,
1997 consolidated financial statements:
PERCENTAGE OF VOTING
SECURITIES OWNED BY THE
COMPANY OR A SUBSIDIARY
NAME OF COMPANY OF THE COMPANY
------------------------
Arizona Corporations
Kaufman and Broad of Arizona, Inc. .................. 100
Kaufman and Broad Home Sales of Arizona, Inc. ....... 100
California Corporations
Affordable Multi-Family, Inc. ....................... 100
Cable Associates, Inc. .............................. 100
Custom Decor, Inc. .................................. 100
First Northern Builders Servicing, Inc. ............. 100
Fullerton Affordable Housing, Inc. .................. 100
KBASW Mortgage Acceptance Corporation................ 100
KBI/Mortgage Acceptance Corporation.................. 100
KBMH Property Management, Inc........................ 100
KBMH Capital, Inc.................................... 100
KBRAC IV Mortgage Acceptance Corporation............. 100
K&B Multi-Housing Advisors, Inc. .................... 100
KBMH Construction, Inc. ............................. 100
KBMH Construction of Nevada, Inc. ................... 100
Kaufman and Broad Architecture, Inc.................. 100
Kaufman and Broad -- Central Valley, Inc. ........... 100
Kaufman and Broad Coastal, Inc. ..................... 100
Kaufman and Broad Communities, Inc. ................. 100
Kaufman and Broad Development Group.................. 100
Kaufman and Broad Embarcadero, Inc. ................. 100
Kaufman and Broad Holdings, Inc. .................... 100
Kaufman and Broad Home Sales, Inc. .................. 100
Kaufman and Broad Insurance Agency, Inc. ............ 100
Kaufman and Broad International, Inc. ............... 100
Kaufman and Broad Land Company....................... 100
Kaufman and Broad Land Development Venture, Inc. .... 100
Kaufman and Broad -- Monterey Bay, Inc............... 100
Kaufman and Broad -- Moreno/Perris Valleys, Inc. .... 100
Kaufman and Broad Multi-Family, Inc. ................ 100
Kaufman and Broad Multi-Housing Group, Inc........... 100
Kaufman and Broad of Northern California, Inc. ...... 100
Kaufman and Broad North Stockton, Inc. .............. 100
Kaufman and Broad Patterson, Inc. ................... 100
Kaufman and Broad Properties......................... 100
Kaufman and Broad of San Diego, Inc. ................ 100
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PERCENTAGE OF VOTING
SECURITIES OWNED BY THE
COMPANY OR A SUBSIDIARY
NAME OF COMPANY OF THE COMPANY
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Kaufman and Broad -- South Bay, Inc. ................ 100
Kaufman and Broad of Southern California, Inc. ...... 100
Kaufman and Broad of Utah, Inc....................... 100
Kent Land Company.................................... 100
Kingsbay Escrow Company.............................. 100
Multi-Housing G.P. VI, Inc. ......................... 100
Multi-Housing G.P. VIII, Inc. ....................... 100
Multi-Housing G.P. X, Inc. .......................... 100
Multi-Housing Investments, Inc. ..................... 100
Simi Affordable Housing, Inc. ....................... 100
Colorado Corporation
Kaufman and Broad of Colorado, Inc. ................. 100
Delaware Corporations
International Mortgage Acceptance Corporation........ 100
Kaufman and Broad Development Company................ 100
Kaufman and Broad Limited............................ 100
Illinois Corporations
Kaufman and Broad of Illinois, Inc. ................. 100
Kaufman and Broad Mortgage Company................... 100
Massachusetts Corporation
Kaufman and Broad Homes, Inc. ....................... 100
Michigan Corporation
Keywick, Inc. ....................................... 100
Minnesota Corporation
Kaufman and Broad Custom Homes, Inc. ................ 100
Nevada Corporation
Kaufman and Broad of Nevada, Inc. ................... 100
New Mexico Corporations
Kaufman and Broad of New Mexico, Inc. ............... 100
New York Corporation
Kaufman and Broad Homes of Long Island, Inc. ........ 100
Texas Corporations and Partnerships
Kaufman and Broad of Texas, Ltd. .................... 100
KBSA, Inc. .......................................... 100
San Antonio Title Co. ............................... 100
Satex Properties, Inc. .............................. 100
Texas Homestead Mortgage Company..................... 100
Canadian Corporations
Margreen Investments, Inc. .......................... 100
3238865 Canada Inc................................... 100
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PERCENTAGE OF VOTING
SECURITIES OWNED BY THE
COMPANY OR A SUBSIDIARY
NAME OF COMPANY OF THE COMPANY
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French Corporations
Kaufman and Broad Developpement S.A. ................ 99.4
Kaufman and Broad France S.A......................... 100
Kaufman and Broad Maisons Individuelles S.A.......... 99.94
Kaufman and Broad Renovation S.A..................... 99.4
Kaufman and Broad Residences S.A.R.L................. 100
LMP Chancy S.A. ..................................... 100
S.A. Millet.......................................... 100
SMCI................................................. 100
SNC Breguet.......................................... 100
SNC Bati Service..................................... 100
SNC Kaufman and Broad Maisons Individuelles.......... 100
German Corporation
Kaufman and Broad GmbH............................... 100
Mexican Corporations
Kaufman y Broad de Mexico............................ 100
Kaufman y Broad Asesoria Administrativa.............. 100