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Press release from Business Wire

Highly-Anticipated Del Webb Community in Houston to Begin Construction in Early Fall

Wednesday, June 02, 2010

Highly-Anticipated Del Webb Community in Houston to Begin Construction in Early Fall08:00 EDT Wednesday, June 02, 2010 HOUSTON (Business Wire) -- Del Webb, the leading builder of active adult communities in the nation, announced today a timeline for the grand opening of the first Del Webb community in Houston. The community, targeted toward residents age 55 and older who are looking for a resort-style community, will be one of more than 50 Del Webb active adult communities currently for sale across the country. Del Webb began with the first Sun City community in Phoenix, Arizona, which opened in 1960. A new sales pavilion is expected to begin construction by early fall 2010, with a grand opening date of early 2011. First residents are expected to move into the community in summer 2011. “We are extremely excited about finally being able to set a clear timeline to launch this highly-anticipated community,” said Jim Rorison, division president of the Houston operations for Del Webb. “There continues to be strong interest and demand for a Del Webb community in the greater Houston area ever since we first introduced the community in 2007. After a full evaluation of market conditions, we believe the timing is appropriate to move forward with our goal to deliver quality homes, superior facilities, unsurpassed lifestyle coordination and the legendary Del Webb experience.” Del Webb in Houston: a place to love life to the fullest Del Webb in Houston, which is located in the city of Richmond about 25 miles south of downtown Houston, will include approximately 1,500 homes on more than 500 acres, with a much-anticipated multi-million dollar, state-of-the-art amenity center with indoor and outdoor pools, fitness center, new walking trails, outdoor pavilion with fishing pier, and other amenities. The community shares a boundary with the Fort Bend Country Club to the north and features 50 acres of water on site including Rabb's Bayou. The rolling topography also creates beautiful country-like views of the area with plenty of opportunities to view wildlife in its natural habitat. “This Del Webb community has all the ingredients to be a great home for active adults – as we like to say – to love life to the fullest,” said Kimberly Paulus, vice president of sales of the Houston operations for Del Webb. “From fishing and bird watching, to swimming and tennis, to just about any outdoor activity you can think of, this community is the ultimate setting for the Del Webb lifestyle. Plus, when you consider that Baby Boomers show no signs of slowing down, the community's close proximity to the Houston area and the baby boomer population projections for the next 25 years, we're expecting a tremendous demand here.” The amenity center is planned to include many of the resort-style amenities Del Webb communities are known for across America: A fully staffed, state-of-the-art recreation and fitness center, approximately 20,000 square feet Indoor swimming pool Variety of sport courts, tennis courts, resort pool, pavilion area and fishing Extensive community walking trails and nature areas Extensive health and fitness programming, such as yoga, pilates and Zumba Social clubs, countless community activities According to Paulus, this new community mirrors a growing trend among active adults, Baby Boomers and empty nesters who seek the vibrant, facilitated lifestyle choices that Del Webb provides, but who prefer to stay within close proximity of family and friends. These “in-place” buyers equate to approximately 50 percent of all Del Webb homebuyers nationwide, and want the facilitated lifestyle in the area they grew up where they are near their doctors, churches, children and grandchildren. Texas is a hot retirement destination Its robust and growing economy, sunny weather, low taxes and Southern hospitality make Houston, Texas a great place to live up the golden years. Del Webb has long seen Texas as a viable option for Baby Boomers looking to retire - ever since it opened its first Del Webb community in Texas in 1995. More than one-third of Baby Boomers plan on moving when they retire, according to the recently released 2010 Del Webb Baby Boomer Survey. Homebuyers are expected to travel from as far as away as Hawaii, from the typical Sun Belt states of Arizona and Florida, and as close as the nearby and charming downtown of Richmond to shop and tour their future home in retirement. The active adult numbers speak for themselves. According to the U.S. Census, more Americans have moved to Texas since the recession began in 2008 than any other state. Additionally, Texas saw substantial gains due to a stronger labor market and immigrant growth with Houston ranking second among metros with the most numerical gain. The addition of Del Webb in Houston rounds out Del Webb's other active adult community offerings in the state of Texas, including Frisco Lakes near Dallas-Ft. Worth, Sun City Texas near Austin, and Hill Country Retreat in San Antonio. To join the growing VIP list and to learn more about and for more information about Del Webb in Houston, visit www.delwebb.com/houston or call 866-232-6072. About Del Webb Celebrating its 50th anniversary in 2010, award-winning Del Webb active adult communities provide a vibrant, enriched lifestyle for those ages 55 and older, creating an unmatched experience for “retirement.” Del Webb communities began with the original Sun City which opened outside Phoenix, Arizona in 1960 and have grown to include more than 50 communities currently open for new home sales in 21 states. Del Webb is the best-known brand of active adult communities in America and draws on its 50 years of experience of providing residents an engaging life which fulfills their creative, physical, mental, and social needs. For more information on Del Webb, see www.delwebb.com. About PulteGroup PulteGroup, Inc. (NYSE: PHM) based in Bloomfield Hills, Mich., is America's premier home building company with operations in 67 markets, 29 states and the District of Columbia. Celebrating its 60th anniversary in 2010, the Company has an unmatched capacity to meet the needs of all buyer segments through its brand portfolio that includes Pulte Homes, Centex Homes and Del Webb. In 2009, PulteGroup brands received more top rankings than any other homebuilder in the annual J.D. Power and Associates 2009 New-Home Builder Customer Satisfaction Studysm. For more information about PulteGroup, Inc. and PulteGroup brands, see www.pultegroup.com; www.pultehomes.com; www.centex.com; www.delwebb.com