PulteGroup to Redeem Over $170 Million in Aggregate Principal Amount of Outstanding Notes

   PulteGroup to Redeem Over $170 Million in Aggregate Principal Amount of
                              Outstanding Notes

Company to Redeem Approximately $108 Million of Centex Notes and $63 Million
of PulteGroup Notes Due to Mature in 2013

PR Newswire

BLOOMFIELD HILLS, Mich., Nov. 26, 2012

BLOOMFIELD HILLS, Mich., Nov. 26, 2012 /PRNewswire/ --PulteGroup, Inc. (NYSE:
PHM) announced today that it will redeem over $170 million in aggregate
principal amount of currently outstanding notes.The redemption will occur on
December 26, 2012, and will be funded from the Company's available cash
balances.The redemption follows the Company's recently completed tender offer
for $222 million in outstanding notes.

PulteGroup will redeem all remaining principal outstanding on the following
senior notes:

  o6.250% Notes issued by PulteGroup, Inc. due 2/15/2013 - $62.7 million
    currently outstanding
  o5.125% Notes issued by Centex Corp. due 10/01/2013 - $107.7 million
    currently outstanding

This redemption is made in accordance with the applicable indentures and terms
associated with each issue.

"Upon completion of this redemption, PulteGroup will have used available cash
on hand to retire $489 million of outstanding debt in 2012, while at the same
time implementing plans to invest upwards of $1.0 billion into the business
for land development and acquisition," said Bob O'Shaughnessy, Executive Vice
President and Chief Financial Officer. "These actions reflect the strong cash
flow being generated by our operations and are consistent with our stated
goals of shrinking our balance sheet while working to improve long term
returns on invested capital."

Forward-Looking Statements

This press release includes "forward-looking statements." These statements
are subject to a number of risks, uncertainties and other factors that could
cause our actual results, performance, prospects or opportunities, as well as
those of the markets we serve or intend to serve, to differ materially from
those expressed in, or implied by, these statements. You can identify these
statements by the fact that they do not relate to matters of a strictly
factual or historical nature and generally discuss or relate to forecasts,
estimates or other expectations regarding future events. Generally, the words
"believe," "expect," "intend," "estimate," "anticipate," "project," "may,"
"can," "could," "might," "will" and similar expressions identify
forward-looking statements, including statements related to expected operating
and performing results, planned transactions, planned objectives of
management, future developments or conditions in the industries in which we
participate and other trends, developments and uncertainties that may affect
our business in the future.

Such risks, uncertainties and other factors include, among other things:
interest rate changes and the availability of mortgage financing; continued
volatility in the debt and equity markets; competition within the industries
in which PulteGroup operates; the availability and cost of land and raw
materials used by PulteGroup in its homebuilding operations; the impact of any
changes to PulteGroup's strategy in responding to continuing adverse
conditions in the industry, including any changes regarding PulteGroup's land
positions; the availability and cost of insurance covering risks associated
with PulteGroup's businesses; shortages and the cost of labor; weather related
slowdowns; slow growth initiatives and/or local building moratoria;
governmental regulation directed at or affecting the housing market, the
homebuilding industry or construction activities; uncertainty in the mortgage
lending industry, including revisions to underwriting standards and repurchase
requirements associated with the sale of mortgage loans; the interpretation of
or changes to tax, labor and environmental laws; economic changes nationally
or in PulteGroup's local markets, including inflation, deflation, changes in
consumer confidence and preferences and the state of the market for homes in
general; legal or regulatory proceedings or claims; required accounting
changes; terrorist acts and other acts of war; and other factors of national,
regional and global scale, including those of a political, economic, business
and competitive nature. See PulteGroup's Annual Report on Form 10-K for the
fiscal year ended December 31, 2011 and other public filings with the
Securities and Exchange Commission for a further discussion of these and other
risks and uncertainties applicable to PulteGroup's business. PulteGroup
undertakes no duty to update any forward-looking statement, whether as a
result of new information, future events or changes in PulteGroup's

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of
America's largest homebuilding companies with operations in approximately60
markets throughout the country. Through its brand portfolio that includes
Centex, Pulte Homes and Del Webb, the Company is one of the industry's most
versatile homebuilders able to meet the needs of multiple buyer groups and
respond to changing consumer demand.PulteGroup conducts extensive research to
provide homebuyers with innovative solutions and new homes designed for the
way people actually live today. As the most awarded homebuilder in customer
satisfaction, PulteGroup brands have consistently ranked among top
homebuilders in third-party customer satisfaction studies.

For more information about PulteGroup, Inc. and PulteGroup brands, go to
pultegroupinc.com; www.pulte.com; www.centex.com; www.delwebb.com.

SOURCE PulteGroup, Inc.

Website: http://pultegroupinc.com
Contact: Investors: James Zeumer, +1-248-433-4502, jim.zeumer@pultegroup.com
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