PulteGroup to Redeem All Outstanding 2014 Notes Totaling $399 Million in Aggregate Principal Amount

   PulteGroup to Redeem All Outstanding 2014 Notes Totaling $399 Million in
                          Aggregate Principal Amount

PR Newswire

BLOOMFIELD HILLS, Mich., April 24, 2013

BLOOMFIELD HILLS, Mich., April 24, 2013 /PRNewswire/ -- PulteGroup, Inc.
(NYSE: PHM) announced today that it will redeem $399 million in aggregate
principal amount of currently outstanding notes. The redemption will occur on
May 24, 2013, and will be funded from the Company's available cash balances.

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

  o5.250% Notes issued by PulteGroup, Inc. due 1/15/2014 - $188.0 million
    currently outstanding
  o5.700% Notes issued by Centex Corp. due 5/15/2014 - $210.9 million
    currently outstanding

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

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 other raw
materials used by PulteGroup in its homebuilding operations; the impact of any
changes to our strategy in responding to continuing adverse conditions in the
industry, including any changes regarding our 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, 2012, and other public filings with the Securities and Exchange
Commission (the "SEC") for a further discussion of these and other risks and
uncertainties applicable to our businesses. PulteGroup undertakes no duty to
update any forward-looking statement, whether as a result of new information,
future events or changes in PulteGroup's expectations.

About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of
America's largest homebuilding companies with operations in approximately55
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
www.pultegroupinc.com; www.pulte.com; www.centex.com; and www.delwebb.com.

SOURCE PulteGroup, Inc.

Website: http://www.pultegroupinc.com
Contact: Investors: Jim Zeumer, (248) 433-4502, jim.zeumer@pultegroup.com
 
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