Centex Homes Ranks Highest in Customer Satisfaction According to Independent Study

Orange County Business Journal, Oct 3-Oct 9, 2005

Centex Homes ranks highest in customer satisfaction in the Orange County market, according to the J.D. Power and Associates 2005 New Home Builder Customer Satisfaction Study^sup SM^ released in September 2005.

The study measures the satisfaction levels of buyers of newly constructed single-family homes who provided feedback to J.D. Power and Associates after living in their homes from four to 18 months.

Centex Homes' operations in Orange County performed particularly well according to the 10 factors that homebuyers were asked about in the J.D. Power and Associates study:

* Builder's Warranty/Customer Service

* Home Readiness

* Sales Staff

* Construction Manager

* Quality of Workmanship/Materials

* Price/Value

* Physical Design Elements

* Design Center

* Recreational Facilities

* Location

Exceeding customer expectations

Richard Douglass, president of the Southern California Coastal Division of Centex Homes, welcomed the J.D. Power and Associates award as another aid for customers trying to make informed decisions during the highly complex and emotional process of buying and building a home.

"Home buyers deserve confidence in their builder to provide quality, on-time construction results from a myriad of people, processes and systems on and off the job site," he said.

"Centex Homes, nationally as well as in our market, continues to be a standout among new home builders, pushing the benchmark for overall customer satisfaction. We are fortunate to have a superior group of employees, suppliers and contractors in the Orange County area who are intent on delivering a quality home that exceeds our customers' expectations for value, service and reliability from the first day forward."

Centex Homes' excellence is not confined to the Orange County area. Centex Homes' operations earned 10 highest rankings and an additional 12 top three rankings in other U.S. markets.

About Centex Homes

Dallas-based Centex Homes (www.centexhomes.com) is one of the nation's leading home builders, operating in more than 90 U.S. markets in 26 states. Its brands include Centex Homes, entry-level builder Fox & Jacobs Homes, on-your-lot builder Wayne Homes and resort/second home builder Centex Destination Properties. Centex Homes delivered 33,387 homes in the United States in its most recent fiscal year, ended March 31, 2005. The company is a subsidiary of Centex Corporation (NYSE: CTX).

Centex Corporation (www.centex.com), founded in Dallas in 1950, is one of the nation's premier companies in home building, financial services, home services and commercial contracting. Centex ranks No. 1 in its industry on FORTUNE magazine's 2005 list of "America's Most Admired Companies."

About J.D. Power and Associates

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services firm operating in key business sectors including market research, forecasting, consulting, training and customer satisfaction. The firm's quality and satisfaction measurements across a variety of industries are based on actual responses from consumers.

J.D. Power and Associates 2005 New Home Builder Customer Satisfaction Study^sup SM^ based on responses from 73,353 buyers of newly constructed homes in 30 of the largest U.S. markets, who were surveyed between March-July 2005. Market covers Orange County, Calif. For more information, visit www.jdpower.com.