Centex Homes Offers 2-Year Fit and Finish Warranty - Twice Today's Industry Standard Award-Winning Homebuilder Bolsters Its Commitment to Customer Satisfaction DALLAS, April 1 /PRNewswire-FirstCall/ -- Building on its long-standing commitment to customer satisfaction, Centex Homes, one of the nation's leading residential homebuilders, today announced it will include a two-year fit and finish warranty on new homes it sells from this day forward. This warranty, which is in addition to a 10-year structural warranty (except as otherwise provided in California), is twice today's industry standard for guaranteeing the general workmanship of a home. The two-year fit and finish warranty is a written promise from Centex Homes to buyers that the materials and workmanship used in the building of their homes are free from any covered defects and will meet a high level of performance over the life of the warranty. Coverage automatically transfers to any owner who purchases the home during the warranty's effective dates. "At Centex Homes, we believe we have the best people, systems and procedures in place to build homes right the first time," said Andrew J. Hannigan, chairman and chief executive officer of Centex Homes. "Our customers overwhelmingly agree. In fact, nationwide, more than nine out of 10 Centex Homes' customers would recommend us to friends and family. But that's not good enough. We think that doubling our fit and finish warranty reinforces our commitment to industry-leading customer satisfaction." Previously, people who purchased a home from Centex Homes or one of its subsidiary brands received a one-year warranty on covered items of materials and general workmanship, referred to as "fit and finish." This one-year warranty, backed by the Western Pacific Mutual Insurance Company (except in California where it is backed by Centex Homes), is effectively being extended with a second year of coverage backed by Centex Homes. This substantial warranty enhancement comes on the heels of an award- filled year for Centex Homes and its parent, Centex Corporation. Recent accolades include Centex Corporation being ranked No. 12 on Business Week magazine's annual list of the Top 50 best performing companies in America. Centex Homes received three 2003 APEX Awards from Hanley Wood, a leading publisher serving the homebuilding industry. Among those awards, Centex Homes was voted "Most Admired Big Builder" by the readers of Hanley Wood's Builder and Big Builder magazines. About Centex Homes (http://www.centexhomes.com/ ) Dallas-based Centex Homes is one of the nation's leading homebuilders, operating in more than 90 markets in 26 states. Its brands include entry- level Fox & Jacobs Homes and on-your-lot builderWayne Homes. Centex Homes delivered more than 30,000 homes in Fiscal Year 2004, which ended March 31. The company is a subsidiary of Centex Corporation (NYSE:CTX), a Fortune 250 company. Centex Corporation (http://www.centex.com/ ), through its subsidiaries, also ranks as one of the nation's largest non-bank-affiliated retail mortgage loan originators and general building contractors. DATASOURCE: Centex Homes CONTACT: Neil Devroy, Vice President, Communications & Public Affairs of Centex Homes, +1-214-981-6154, or Web site: http://www.centexhomes.com/ http://www.centex.com/

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