TOUSA, Inc. (TOA) Releases Operational Data for the Second Quarter

TOUSA, Inc. (NYSE: TOA) released certain operational data for the three months ended June 30, 2007 in anticipation of the Company's previously announced proposed financing syndication led by Citigroup Global Markets Inc., together with certain of its affiliates.

The Company reported 1,572 net sales orders for the quarter ended June 30, 2007, a 15% decrease from the 1,846 net sales orders reported in the quarter ended June 30, 2006. The Company's cancellation rate for the second quarter of for the second quarter of 2007 was 33%, compared to 30% for second quarter of 2006 and 29% for the first quarter of 2007.

The Company delivered 1,725 homes in the second quarter 2007, a 15% decrease from the 2,034 deliveries reported in the second quarter of 2006.

At June 30, 2007, the Company had 3,827 homes in backlog, a 29% decrease from the 5,367 homes in backlog at June 30, 2006 and a 6% decrease from the 4,061 homes in backlog at March 31, 2007.

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