DALLAS, May 8 /PRNewswire-FirstCall/ -- Centex Corporation (NYSE: CTX) today issued the following statement from Timothy R. Eller, chairman and chief executive officer of Centex, regarding the U.S. House of Representatives passage of the American Housing Rescue and Foreclosure Prevention Act (H.R. 3221):

"The proposed tax credit in this bill will have a positive impact, especially for first-time homebuyers. I'm optimistic this bill will be the foundation for the legislation that Congress ultimately passes to help restore confidence in the housing market," Mr. Eller said. "I bought my first home in 1974 through a similar tax-credit initiative. I've been a homeowner ever since. This is a responsible approach to making the American Dream of homeownership more attainable. I urge Congress to move quickly and send a final bill to the President."

About Centex

Dallas-based Centex, founded in 1950, is one of the nation's leading home building companies. Its leading brands include Centex Homes, Fox & Jacobs Homes and CityHomes. In addition to its home building operations, Centex also offers mortgage, title and insurance services. Centex has ranked among the top three builders on FORTUNE magazine's list of "America's Most Admired Companies" for nine straight years and is a leader in quality and customer satisfaction.

SOURCE Centex Corporation

CONTACT: Eric S. Bruner, Director, Public Relations of Centex Corporation, +1-214-981-5000

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