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Prepared and filed by St Ives Burrups
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<div align="center"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">As filed with the Securities and Exchange Commission, via EDGAR, on September 15, 2004</FONT><font size="2">
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<FONT face="TimesNewRoman,Times New Roman,Times,serif">                                                         Registration
No. 333-        ____________ </FONT></font>
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<FONT face="TimesNewRoman,Times New Roman,Times,serif"><b><font size="4">SECURITIES AND EXCHANGE COMMISSION</font></b></FONT><font size="4"><b>
</b></font></font><br>
<font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif"><b>Washington, D.C. 20549 </b></FONT></font></P>
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<P align="center"><font size="2"><FONT size="5" face="TimesNewRoman,Times New Roman,Times,serif"><b>FORM S-8 </b></FONT></font></P>
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<P align="center"><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif"><b>Registration
      Statement <br>
  under <br>
  The Securities Act of 1933 </b></FONT></font></P>
<P align="center"><font size="5"><FONT face="TimesNewRoman,Times New Roman,Times,serif"><b>Orleans
      Homebuilders,
Inc.</b></FONT></font><b><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif"> </FONT></font></b><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif"><br>
(Exact name of registrant as specified in its charter)</FONT>
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    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Delaware</font></font></td>
    <td width="4%">&nbsp;</td>
    <td width="48%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">59-0874323</font></font></td>
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    <td><hr noshade size=1></td>
    <td>&nbsp;</td>
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    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(State
    or other jurisdiction of</font></font></td>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(I.R.S.
          Employer
Identification No.)</font></font></td>
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    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">incorporation
          or
organization)</font></font></td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td colspan="3"><font size="2"> <font face="TimesNewRoman,Times New Roman,Times,serif">One
            Greenwood Square, Suite 101, 3333 Street Road, Bensalem, Pennsylvania
    19020</font> </font></td>
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    <td colspan="3"><hr align="center" width="500" size=1 noshade></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(Address
    of principal executive offices)     (Zip Code)</font></font></td>
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    <td colspan="3">&nbsp;</td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Orleans
    Homebuilders, Inc.</font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Stock
    Award Plan </font> <font face="TimesNewRoman,Times New Roman,Times,serif"></font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(Full
    title of the plan)</font></font></td>
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    <td colspan="3">&nbsp;</td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Joseph
    A. Santangelo</font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Chief
    Financial Officer, Treasurer and </font><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Secretary</font></font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">    Orleans Homebuilders, Inc. </font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">One
    Greenwood Square, Suite 101</font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Bensalem,
    Pennsylvania 19020 </font> <font face="TimesNewRoman,Times New Roman,Times,serif"></font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(Name
    and address of agent for service) </font></font></td>
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    <td colspan="3">&nbsp;</td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(215)
    245-7500</font></font></td>
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    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(Telephone
    number, including area code, of agent for service)</font></font></td>
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<P align="center"><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Copies to: </FONT></font></P>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRoman,Times New Roman,Times,serif">Jason M. Shargel, Esquire <br>
Wolf, Block, Schorr and Solis-Cohen LLP<br>
</FONT></font><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">1650 Arch Street <br>
Philadelphia, PA 19103 </FONT></font>
<br>
<font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">(215) 977-2000 </FONT></font></P>
<p align="center"><b><font size="2" face="TimesNewRoman,Bold,Times New Roman,Times,serif">CALCULATION
OF REGISTRATION FEE</font></b></p>
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   <TD align="center"><font size="2"><b><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">Title of<br>
    Securities to be<br>
    Registered</FONT></b></font></TD>
   <TD align="center"><font size="2"><b><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">Amount to be<br>
   Registered<sup>(1)</sup></FONT></b></font></TD>
   <TD align="center"><font size="2"><b><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">Proposed Maximum Offering
    Price Per
    Share<sup>(2)</sup></FONT></b></font></TD>
   <TD align="center"><font size="2"><b><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">Proposed Maximum Aggregate Offering
    Price</FONT></b></font></TD>
   <TD align="center"><font size="2"><b><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">Amount
    of Registration Fee</FONT></b></font></TD>
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   <TD><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Common
    Stock, $.01 par value per share</font></TD>
   <TD width=15% align="center"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">400,000</FONT></TD>
   <TD width=15% align="center"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">$</FONT><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">20.67</FONT></TD>
   <TD width=15% align="center"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">$</FONT><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">8,268,000</FONT></TD>
   <TD width=15% align="center"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">$</FONT><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">1,047.56</FONT></TD>
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   <TD width="3%" valign="top"><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">(1)</FONT></TD>
   <TD valign="top"><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">Pursuant
       to Rule 416 under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;),
       this Registration Statement also covers such additional shares as may
       hereafter be offered or issued to prevent dilution resulting from stock
    splits, stock dividends, recapitalizations or certain other capital adjustments.</FONT></TD>
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   <TD valign="top"><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">(2)</FONT></TD>
   <TD valign="top"><FONT size="1" face="TimesNewRoman,Times New Roman,Times,serif">Calculated pursuant to Rule 457(h) under the Securities Act based upon the average of the high and low prices of the Registrant's common stock on September 9, 2004 as quoted on the American Stock Exchange.</FONT></TD>
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<div style="page-break-before:always"></div><a name="p2"></a><page><p><a href="#contents"><font size="2">Back to Contents</font></a></p>


<P align="center">
  <FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif"><b><u>PART I </u></b></FONT>
</P>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">A prospectus setting forth the information required by Part I of Form S-8 will be sent or given to participants in the Orleans Homebuilders, Inc. Stock Award Plan as specified by Rule 428(b)(1)(i) under the Securities Act of 1933. </FONT>
</P></div>
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<FONT face="TimesNewRoman,Times New Roman,Times,serif"><b><u>PART II<br>
</u></b></FONT></font><u><b><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></font></b></u><b><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif"> </FONT></font></b></P>
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    <td width="6%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Item
    3.</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"><u>Incorporation
    of Documents by Reference</u>.</font> </font></td>
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<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">The
      following documents filed with the Securities and Exchange Commission pursuant
      to the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) are incorporated
      into this Registration Statement by reference:</FONT><font size="2">
</font></P></div>
<div style="text-indent:3%">
  <P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant's
      Annual Report on Form 10-K for the fiscal year ended June 30, 2004.</FONT><font size="2">
</font></P>
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  <P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description
      of the Registrant's shares of Common Stock, $0.10 par value per share (the &#8220;Common
      Stock&#8221;), contained in the Registration Statement
      filed by the Registrant to register such securities under the Securities
      Exchange Act of 1934, including all amendments and reports filed for the
      purpose of updating such description.</FONT><font size="2">
</font></P>
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  <P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents
      subsequently filed by the Registrant pursuant to Sections 13(a), 13(c),
      14 and 15(d) of the Exchange Act prior to the filing of a post-effective
      amendment to this Registration Statement which indicates that all securities
      offered hereby have been sold or which deregisters all securities then
      remaining unsold, shall be deemed to be incorporated by reference in this
      Registration Statement and to be a part hereof from the date of filing
      such documents. Any statement contained in a document incorporated by reference
      herein shall be deemed to be modified or superseded for purposes hereof
      to the extent that a statement contained herein (or in any other subsequently
      filed document which also is incorporated by reference herein) modifies
      or supersedes such statement. Any statement so modified or superseded shall
      not be deemed to constitute a part hereof except as so modified or superseded. </FONT>
</P>
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    <td width="6%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Item
    4.</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"><u>Description
    of Securities</u>.</font></font></td>
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<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">Not Applicable.</FONT>
</font></P></div>
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    <td width="6%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Item
    5.</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"><u>Interests
    of Named Experts and Counsel</u>.</font></font></td>
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<div style="text-indent:3%">
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">Not Applicable. </FONT></font>
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2</font></P>
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    <td width="6%"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Item
    6.</font></td>
    <td><font size="2"><u><font face="TimesNewRoman,Times New Roman,Times,serif">Indemnification
    of Directors and Officers</font></u><font face="TimesNewRoman,Times New Roman,Times,serif">.</font></font></td>
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<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">For information regarding provisions under which a director or officer of the Registrant may be insured or indemnified in any manner against any liability which he may incur in his capacity as such, reference is made to Section 145 of the Delaware General Corporation Law, which provides in its entirety as follows: </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&#8220;(a) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that the person's conduct was unlawful. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif"> (b) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses (including attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(c) To the extent that a present or former director or officer of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections (a) and (b) of this section, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith. </FONT>
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<FONT face="TimesNewRoman,Times New Roman,Times,serif">         3</FONT></font></P>
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<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(d) Any indemnification under subsections (a) and (b) of this section (unless ordered by a court) shall be made by the corporation only as authorized in the specific case upon a determination that indemnification of the present or former director, officer, employee or agent is proper in the circumstances because the person has met the applicable standard of conduct set forth in subsections (a) and (b) of this section. Such determination shall be made, with respect to a person who is a director or officer at the time of such determination, (1) by a majority vote of the directors who are not parties to such action, suit or proceeding, even though less than a quorum, or (2) by a committee of such directors designated by majority vote of such directors, even though less than a quorum, or (3) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion, or (4)
by the stockholders. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(e) Expenses (including attorneys' fees) incurred by an officer or director in defending any civil, criminal, administrative or investigative action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the corporation as authorized in this section. Such expenses (including attorneys' fees) incurred by former directors and officers or other employees and agents may be so paid upon such terms and conditions, if any, as the corporation deems appropriate. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(f) The indemnification and advancement of expenses provided by, or granted pursuant to, the other subsections of this section shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such person's official capacity and as to action in another capacity while holding such office. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(g) A corporation shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the corporation would have the power to indemnify such person against such liability under this section. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(h) For purposes of this section, references to &#8220;the corporation&#8221; shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that any person who is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under this section with respect to the resulting or surviving corporation as such person would have with respect to such constituent corporation if its separate existence had continued. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(i) For purposes of this section, references to &#8220;other enterprises&#8221; shall include employee benefit plans; references to &#8220;fines&#8221; shall include any excise taxes assessed on a person with </FONT>
</P></div>
<P align="center"><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">         4</FONT></font>
</P>
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<P>
<FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">respect to any employee benefit plan; and references to &#8220;serving at the request of the corporation&#8221; shall include any service as a director, officer, employee or agent of the corporation which imposes duties on, or involves services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner &#8220;not opposed to the best interests of the corporation&#8221; as referred to in this section. </FONT>
</P>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(j) The indemnification and advancement of expenses provided by, or granted pursuant to, this section shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person. </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(k) The Court of Chancery is hereby vested with exclusive jurisdiction to hear and determine all actions for advancement of expenses or indemnification brought under this section or under any bylaw, agreement, vote of stockholders or disinterested directors, or otherwise. The Court of Chancery may summarily determine a corporation's obligation to advance expenses (including attorneys' fees).&#8221; </FONT>
</P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">See also Article Seven of the Registrant's Certificate of Incorporation, as amended, which obligates the Registrant, and Article V of the Registrant's By-Laws, which grants the Registrant the power, to indemnify its directors, officers, employees and agents. Section 5.8 of Article V of the Registrant's Bylaws, as amended, further permits the Registrant to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Registrant, or who is or was serving at the Registrant's request as a director, officer employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not we would have the power to indemnify him against such liability under the provisions of Article V of the Registrant's Bylaws.



The Registrant has purchased directors' and officers' liability insurance. </FONT>
</P></div>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="6%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Item
    7.</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"><u>Exemption
    from Registration Claimed</u>.</font></font></td>
  </tr>
</table>
<div style="text-indent:3%">
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">Not Applicable.</FONT>
</font></P></div>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="6%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Item
    8.</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"><u>Exhibits</u>.</font></font></td>
  </tr>
</table>
<div style="text-indent:3%">
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">The following Exhibits are filed as part of this Registration Statement:</FONT></font></P></div>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="5%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">4</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"> Orleans
    Homebuilders, Inc. Stock Award Plan</font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">5</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Opinion
    of Wolf, Block, Schorr and Solis-Cohen LLP</font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">23.1</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Consent
    of PricewaterhouseCoopers LLP </font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">23.2</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Consent
    of Wolf, Block, Schorr and Solis-Cohen LLP  (contained in Exhibit 5)</font></font></td>
  </tr>
</table>
<P align="center"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">5</font></P>
<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div><a name="p6"></a><page><p><a href="#contents"><font size="2">Back to Contents</font></a></p>


<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="5%"><font face="TimesNewRoman,Times New Roman,Times,serif"><font size="2">24</font></font></td>
    <td><font face="TimesNewRoman,Times New Roman,Times,serif"><font size="2">Power
    of Attorney (included on signature pages of this    Registration Statement)</font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr align="left" width="100" size="1" noshade></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="6%"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Item
    9.</font></font></td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"><u>Undertakings</u>.</font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
  <TD width="3%" valign="top">&nbsp;</TD>
   <TD width="3%" valign="top"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(a)</FONT></TD>
   <TD valign="top"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">The undersigned registrant hereby undertakes:</FONT></TD>
</TR>
</TABLE>
<div style="text-indent:3%">
<P><font size="2" face="TimesNewRoman,Times New Roman,Times,serif"> (1) To file,
    during any period in which offers or sales are being made, a post-effective</font><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"> amendment
  to this registration statement:</font></font></P>
</div>
<div style="text-indent:6%">
<P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</FONT><font size="2">
</font></P></div>
<div style="text-indent:6%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif"> (ii)
      To reflect in the prospectus any facts or events arising after the effective
      date of the registration statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate, represent a fundamental
      change in the information set forth in the registration statement. Notwithstanding
      the foregoing, any increase or decrease in volume of securities offered
      (if the total dollar value of securities offered would not exceed that
      which was registered) and any deviation from the low or high and of the
      estimated maximum offering range may be reflected in the form of a prospectus
      filed with the Commission pursuant to Rule 424(b) if, in the aggregate,
      the changes in volume and price represent no more than a 20 percent change
      in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table
      in the effective registration statement;</FONT><font size="2">
</font></P>
</div>
<div style="text-indent:6%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">         (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</FONT><font size="2">
</font></P></div>
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.</FONT>
</font></P>
<div style="text-indent:3%">
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT>
</font></P></div>
<div style="text-indent:3%">
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">         (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</FONT>
</font></P></div>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, </FONT>
</P>
</div>
<P align="center">
<FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">        6</FONT></P>
<hr noshade align="center" width="100%" size="2">

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<P>
  <FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT><font size="2">
  </font></P>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a



court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</FONT><font size="2">
</font></P></div>
<P align="center"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">
7</font></P>
<hr noshade align="center" width="100%" size="2">

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<P align="center">
<B><FONT size="2" face="TimesNewRoman,Bold,Times New Roman,Times,serif">SIGNATURES AND POWER OF ATTORNEY </FONT></B>
</P>
<div style="text-indent:3%"><P><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Bensalem, State of Pennsylvania, on this 15th day of September, 2004. </FONT>
</P></div>
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">         </FONT></font></P>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td colspan="3"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">ORLEANS
    HOMEBUILDERS,       INC. </font></font> </td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="2%">&nbsp;</td>
    <td width="45%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">By:</font></font></td>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Jeffrey
    P. Orleans</font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><hr size="1" noshade></td>
    <td><hr size="1" noshade></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Jeffrey
    P. Orleans</font></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Chairman
    and </font><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Chief
    Executive
Officer</font></font></font></td>
  </tr>
</table>
<div style="text-indent:3%">
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">         KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints each of Jeffrey P. Orleans, Joseph A. Santangelo and Benjamin D. Goldman, acting individually, the undersigned's true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for the undersigned and in the undersigned's name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or
his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</FONT>
</font></P></div>
<div style="text-indent:3%">
<P><font size="2">
<FONT face="TimesNewRoman,Times New Roman,Times,serif">         Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated. </FONT></font>
</P></div>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<tr align="center">
  <td><div align="center"><font size="1"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="TimesNewRoman,Times New Roman,Times,serif">Signature</font></b></font></div>
  </td>
  <td><div align="center"><font size="1"></font></div>
  </td>
  <td><div align="center"><font size="1"><b><font face="TimesNewRoman,Times New Roman,Times,serif">Title</font> </b></font></div>
  </td>
  <td><div align="center"><font size="1"></font></div>
  </td>
  <td><div align="center"><font size="1"><b><font face="TimesNewRoman,Times New Roman,Times,serif">Date</font></b></font></div>
  </td>
</tr>
<TR>
   <TD><HR noshade size=1></TD>
   <TD>&nbsp;</TD>
   <TD><HR noshade size=1></TD>
   <TD>&nbsp;</TD>
   <TD><HR noshade size=1></TD>
  </TR>
<TR>
   <TD> </TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
<TR>
   <TD><p><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Jeffery P. Orleans</FONT></font></p>
    </TD>
   <TD width="2%">&nbsp;</TD>
   <TD width=40%>&nbsp;</TD>
   <TD width=2%>&nbsp;</TD>
   <TD width=25% align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD>&nbsp;</TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Chairman
    of the Board of Directors</FONT></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Jeffery P. Orleans </FONT></font></TD>
   <TD>&nbsp;</TD>
   <TD><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">and Chief
    Executive Officer</font></TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></TD>
   <TD>&nbsp;</TD>
   <TD><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">(Principal
    Executive Officer)</font></font></TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
</TABLE>
<P align="center"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">8</font></P>

<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div><a name="p9"></a><page><p><a href="#contents"><font size="2">Back to Contents</font></a></p>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Joseph A. Santangelo </FONT></font></TD>
   <TD width="2%"><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD width="40%" align="left">&nbsp;</TD>
   <TD width="2%" align="center">&nbsp;</TD>
   <TD width="25%" align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Chief
    Financial Officer</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">&nbsp;September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Joseph A. Santangelo</FONT></font></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif"> </font></font><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">(Principal
    Financial Officer and</font></TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2"> <font face="TimesNewRoman,Times New Roman,Times,serif">Principal
    Accounting Officer)</font></font></TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Michael T. Vesey </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">President,
    Chief Operating Officer</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">&nbsp;September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Michael T. Vesey </FONT></font></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">and Director</font></TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Benjamin D. Goldman </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Vice
    Chairman of the Board of</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">&nbsp;September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Benjamin D. Goldman </FONT></font></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Directors</font></TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Jerome S. Goodman </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Director</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">&nbsp;September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Jerome S. Goodman </FONT></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Robert N. Goodman </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Director</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Robert N. Goodman </FONT></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Andrew N. Heine </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Director</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Andrew N. Heine </FONT></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif"> </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left"><font size="2">&nbsp;</font></TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2"><font face="TimesNewRoman,Times New Roman,Times,serif">Director</font></font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">September ___<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">David Kaplan </FONT></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Lewis Katz </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Director</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Lewis Katz </FONT></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">Robert M. Segal </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Director</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Robert M. Segal </FONT></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font> </TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><font size="2"><FONT face="TimesNewRoman,Times New Roman,Times,serif">John W. Temple </FONT></font></TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">&nbsp;</FONT></TD>
   <TD align="left">&nbsp;</TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><font size="2">&nbsp;</font></TD>
  </TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">Director</font></TD>
   <TD>&nbsp;</TD>
   <TD><div align="center"><font size="2">September 15<FONT face="TimesNewRoman,Times New Roman,Times,serif">,
    2004</FONT></font></div></TD>
  </TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">John W. Temple </FONT></TD>
   <TD><font size="2">&nbsp;</font></TD>
   <TD align="left">&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
  </TR>
</TABLE>
<P align="center"><font size="2" face="TimesNewRoman,Times New Roman,Times,serif">9</font></P>

<hr noshade align="center" width="100%" size="2">

<div style="page-break-before:always"></div><a name="p10"></a><page><p><a href="#contents"><font size="2">Back to Contents</font></a></p>
<p align="center"><b><font size="2" face="TimesNewRoman,Bold,Times New Roman,Times,serif">ORLEANS HOMEBUILDERS,
INC.<br>
STOCK AWARD PLAN<br>
<br>
REGISTRATION STATEMENT ON FORM S-8</font></b></p>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
   <TD colspan="3" align="center"><font size="2">&nbsp;</font><B><FONT size="2" face="TimesNewRoman,Bold,Times New Roman,Times,serif">EXHIBIT INDEX</FONT></B></TD>
  </TR>
<TR>
   <TD><font size="2">&nbsp;</font></TD>
   <TD>&nbsp;</TD>
   <TD><font size="2">&nbsp;</font></TD>
</TR>
<TR>
   <TD align="left"><B><FONT size="1" face="TimesNewRoman,Bold,Times New Roman,Times,serif">Exhibit No.</FONT></B></TD>
   <TD align="center">&nbsp;</TD>
   <TD align="center"><B><FONT size="1" face="TimesNewRoman,Bold,Times New Roman,Times,serif">Document</FONT></B></TD>
</TR>
<TR>
   <TD><HR noshade size=1></TD>
   <TD>&nbsp;</TD>
   <TD><HR noshade size=1></TD>
</TR>
<TR>
   <TD width=10%><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">4</FONT></TD>
   <TD width=2%>&nbsp;</TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Orleans Homebuilders, Inc. Stock Award Plan</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">5</FONT></TD>
   <TD>&nbsp;</TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Opinion of Wolf, Block, Schorr and Solis-Cohen LLP</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">23.1</FONT></TD>
   <TD>&nbsp;</TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Consent of PricewaterhouseCoopers LLP</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">23.2</FONT></TD>
   <TD>&nbsp;</TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Consent
    of Wolf, Block, Schorr and Solis-Cohen LLP (contained in Exhibit 5)</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">24</FONT></TD>
   <TD>&nbsp;</TD>
   <TD><FONT size="2" face="TimesNewRoman,Times New Roman,Times,serif">Power
    of Attorney (included on signature pages of this Registration Statement)</FONT></TD>
</TR>
<TR>
   <TD><font size="2">&nbsp;</font></TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
</TR>
</TABLE>
<P align="center">
<FONT size=2 face="TimesNewRoman,Times New Roman,Times,serif">10</FONT></P>
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</body>
</html>
[{"type": "S-8", "sequence": "1", "filename": "b400886.htm", "description": "FORM S-8", "secsgml_size_bytes": 59255}]
{"company-data": {"conformed-name": "ORLEANS HOMEBUILDERS INC", "cik": "0000038570", "assigned-sic": "1531", "irs-number": "590874323", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-119004", "film-number": "041031712"}, "business-address": {"street1": "ONE GREENWOOD SQUARE", "street2": "3333 STREET ROAD SUITE 101", "city": "BENSALEM", "state": "PA", "zip": "19020", "phone": "2152457500"}, "mail-address": {"street1": "ONE GREENWOOD SQUARE", "street2": "3333 STREET RD STE 101", "city": "BENSALEM", "state": "PA", "zip": "19020"}, "former-company": [{"former-conformed-name": "FPA CORP /DE/", "date-changed": "19920703"}, {"former-conformed-name": "FLORIDA PALM AIRE CORP", "date-changed": "19720106"}, {"former-conformed-name": "FLORIDA PLAN AIRE CORP", "date-changed": "19700217"}]}
Prepared and filed by St Ives Burrups
As filed with the Securities and Exchange Commission, via EDGAR, on September 15, 2004
Registration
No. 333-        ____________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
Registration
      Statement
under
The Securities Act of 1933
Orleans
      Homebuilders,
Inc.
(Exact name of registrant as specified in its charter)
Delaware
59-0874323
(State
    or other jurisdiction of
(I.R.S.
          Employer
Identification No.)
incorporation
          or
organization)
One
            Greenwood Square, Suite 101, 3333 Street Road, Bensalem, Pennsylvania
    19020
(Address
    of principal executive offices)     (Zip Code)
Orleans
    Homebuilders, Inc.
Stock
    Award Plan
(Full
    title of the plan)
Joseph
    A. Santangelo
Chief
    Financial Officer, Treasurer and
Secretary
Orleans Homebuilders, Inc.
One
    Greenwood Square, Suite 101
Bensalem,
    Pennsylvania 19020
(Name
    and address of agent for service)
(215)
    245-7500
(Telephone
    number, including area code, of agent for service)
Copies to:
Jason M. Shargel, Esquire
Wolf, Block, Schorr and Solis-Cohen LLP
1650 Arch Street
Philadelphia, PA 19103
(215) 977-2000
CALCULATION
OF REGISTRATION FEE
Title of
Securities to be
Registered
Amount to be
Registered
(1)
Proposed Maximum Offering
    Price Per
    Share
(2)
Proposed Maximum Aggregate Offering
    Price
Amount
    of Registration Fee
Common
    Stock, $.01 par value per share
400,000
$
20.67
$
8,268,000
$
1,047.56
(1)
Pursuant
       to Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"),
       this Registration Statement also covers such additional shares as may
       hereafter be offered or issued to prevent dilution resulting from stock
    splits, stock dividends, recapitalizations or certain other capital adjustments.
(2)
Calculated pursuant to Rule 457(h) under the Securities Act based upon the average of the high and low prices of the Registrant's common stock on September 9, 2004 as quoted on the American Stock Exchange.
Back to Contents
PART I
A prospectus setting forth the information required by Part I of Form S-8 will be sent or given to participants in the Orleans Homebuilders, Inc. Stock Award Plan as specified by Rule 428(b)(1)(i) under the Securities Act of 1933.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item
    3.
Incorporation
    of Documents by Reference
.
The
      following documents filed with the Securities and Exchange Commission pursuant
      to the Securities Exchange Act of 1934 (the "Exchange Act") are incorporated
      into this Registration Statement by reference:
(a)     The Registrant's
      Annual Report on Form 10-K for the fiscal year ended June 30, 2004.
(b)     The description
      of the Registrant's shares of Common Stock, $0.10 par value per share (the "Common
      Stock"), contained in the Registration Statement
      filed by the Registrant to register such securities under the Securities
      Exchange Act of 1934, including all amendments and reports filed for the
      purpose of updating such description.
(c)     All documents
      subsequently filed by the Registrant pursuant to Sections 13(a), 13(c),
      14 and 15(d) of the Exchange Act prior to the filing of a post-effective
      amendment to this Registration Statement which indicates that all securities
      offered hereby have been sold or which deregisters all securities then
      remaining unsold, shall be deemed to be incorporated by reference in this
      Registration Statement and to be a part hereof from the date of filing
      such documents. Any statement contained in a document incorporated by reference
      herein shall be deemed to be modified or superseded for purposes hereof
      to the extent that a statement contained herein (or in any other subsequently
      filed document which also is incorporated by reference herein) modifies
      or supersedes such statement. Any statement so modified or superseded shall
      not be deemed to constitute a part hereof except as so modified or superseded.
Item
    4.
Description
    of Securities
.
Not Applicable.
Item
    5.
Interests
    of Named Experts and Counsel
.
Not Applicable.
2
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Item
    6.
Indemnification
    of Directors and Officers
.
For information regarding provisions under which a director or officer of the Registrant may be insured or indemnified in any manner against any liability which he may incur in his capacity as such, reference is made to Section 145 of the Delaware General Corporation Law, which provides in its entirety as follows:
"(a) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had reasonable cause to believe that the person's conduct was unlawful.
(b) A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses (including attorneys' fees) actually and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and except that no indemnification shall be made in respect of any claim, issue or
matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other court shall deem proper.
(c) To the extent that a present or former director or officer of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections (a) and (b) of this section, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith.
3
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(d) Any indemnification under subsections (a) and (b) of this section (unless ordered by a court) shall be made by the corporation only as authorized in the specific case upon a determination that indemnification of the present or former director, officer, employee or agent is proper in the circumstances because the person has met the applicable standard of conduct set forth in subsections (a) and (b) of this section. Such determination shall be made, with respect to a person who is a director or officer at the time of such determination, (1) by a majority vote of the directors who are not parties to such action, suit or proceeding, even though less than a quorum, or (2) by a committee of such directors designated by majority vote of such directors, even though less than a quorum, or (3) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion, or (4)
by the stockholders.
(e) Expenses (including attorneys' fees) incurred by an officer or director in defending any civil, criminal, administrative or investigative action, suit or proceeding may be paid by the corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the corporation as authorized in this section. Such expenses (including attorneys' fees) incurred by former directors and officers or other employees and agents may be so paid upon such terms and conditions, if any, as the corporation deems appropriate.
(f) The indemnification and advancement of expenses provided by, or granted pursuant to, the other subsections of this section shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such person's official capacity and as to action in another capacity while holding such office.
(g) A corporation shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the corporation would have the power to indemnify such person against such liability under this section.
(h) For purposes of this section, references to "the corporation" shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that any person who is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under this section with respect to the resulting or surviving corporation as such person would have with respect to such constituent corporation if its separate existence had continued.
(i) For purposes of this section, references to "other enterprises" shall include employee benefit plans; references to "fines" shall include any excise taxes assessed on a person with
4
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respect to any employee benefit plan; and references to "serving at the request of the corporation" shall include any service as a director, officer, employee or agent of the corporation which imposes duties on, or involves services by, such director, officer, employee, or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner "not opposed to the best interests of the corporation" as referred to in this section.
(j) The indemnification and advancement of expenses provided by, or granted pursuant to, this section shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.
(k) The Court of Chancery is hereby vested with exclusive jurisdiction to hear and determine all actions for advancement of expenses or indemnification brought under this section or under any bylaw, agreement, vote of stockholders or disinterested directors, or otherwise. The Court of Chancery may summarily determine a corporation's obligation to advance expenses (including attorneys' fees)."
See also Article Seven of the Registrant's Certificate of Incorporation, as amended, which obligates the Registrant, and Article V of the Registrant's By-Laws, which grants the Registrant the power, to indemnify its directors, officers, employees and agents. Section 5.8 of Article V of the Registrant's Bylaws, as amended, further permits the Registrant to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Registrant, or who is or was serving at the Registrant's request as a director, officer employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not we would have the power to indemnify him against such liability under the provisions of Article V of the Registrant's Bylaws.

The Registrant has purchased directors' and officers' liability insurance.
Item
    7.
Exemption
    from Registration Claimed
.
Not Applicable.
Item
    8.
Exhibits
.
The following Exhibits are filed as part of this Registration Statement:
4
Orleans
    Homebuilders, Inc. Stock Award Plan
5
Opinion
    of Wolf, Block, Schorr and Solis-Cohen LLP
23.1
Consent
    of PricewaterhouseCoopers LLP
23.2
Consent
    of Wolf, Block, Schorr and Solis-Cohen LLP  (contained in Exhibit 5)
5
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24
Power
    of Attorney (included on signature pages of this    Registration Statement)
Item
    9.
Undertakings
.
(a)
The undersigned registrant hereby undertakes:
(1) To file,
    during any period in which offers or sales are being made, a post-effective
amendment
  to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
      To reflect in the prospectus any facts or events arising after the effective
      date of the registration statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate, represent a fundamental
      change in the information set forth in the registration statement. Notwithstanding
      the foregoing, any increase or decrease in volume of securities offered
      (if the total dollar value of securities offered would not exceed that
      which was registered) and any deviation from the low or high and of the
      estimated maximum offering range may be reflected in the form of a prospectus
      filed with the Commission pursuant to Rule 424(b) if, in the aggregate,
      the changes in volume and price represent no more than a 20 percent change
      in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table
      in the effective registration statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-3 or Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable,
6
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each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a

court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
7
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SIGNATURES AND POWER OF ATTORNEY
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Bensalem, State of Pennsylvania, on this 15th day of September, 2004.
ORLEANS
    HOMEBUILDERS,       INC.
By:
Jeffrey
    P. Orleans
Jeffrey
    P. Orleans
Chairman
    and
Chief
    Executive
Officer
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints each of Jeffrey P. Orleans, Joseph A. Santangelo and Benjamin D. Goldman, acting individually, the undersigned's true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for the undersigned and in the undersigned's name, place and stead, in any and all capacities, to sign any and all amendments to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or
his
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
Jeffery P. Orleans
Chairman
    of the Board of Directors
September 15
,
    2004
Jeffery P. Orleans
and Chief
    Executive Officer
(Principal
    Executive Officer)
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Joseph A. Santangelo
Chief
    Financial Officer
September 15
,
    2004
Joseph A. Santangelo
(Principal
    Financial Officer and
Principal
    Accounting Officer)
Michael T. Vesey
President,
    Chief Operating Officer
September 15
,
    2004
Michael T. Vesey
and Director
Benjamin D. Goldman
Vice
    Chairman of the Board of
September 15
,
    2004
Benjamin D. Goldman
Directors
Jerome S. Goodman
Director
September 15
,
    2004
Jerome S. Goodman
Robert N. Goodman
Director
September 15
,
    2004
Robert N. Goodman
Andrew N. Heine
Director
September 15
,
    2004
Andrew N. Heine
Director
September ___
,
    2004
David Kaplan
Lewis Katz
Director
September 15
,
    2004
Lewis Katz
Robert M. Segal
Director
September 15
,
    2004
Robert M. Segal
John W. Temple
Director
September 15
,
    2004
John W. Temple
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ORLEANS HOMEBUILDERS,
INC.
STOCK AWARD PLAN
REGISTRATION STATEMENT ON FORM S-8
EXHIBIT INDEX
Exhibit No.
Document
4
Orleans Homebuilders, Inc. Stock Award Plan
5
Opinion of Wolf, Block, Schorr and Solis-Cohen LLP
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent
    of Wolf, Block, Schorr and Solis-Cohen LLP (contained in Exhibit 5)
24
Power
    of Attorney (included on signature pages of this Registration Statement)
10