Centex (CTX) Responds to House Action on Housing Stimulus Package

May 8, 2008 6:14 PM EDT

Centex Corporation (NYSE: CTX) 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."

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