exv99w1

Exhibit 99.1


			www.centex.com
			P.O. Box 199000
			Dallas, Texas 75219-9000


			2728 North Harwood
			Dallas, Texas 75201-1516


			Phone: (214) 981-5000

N e w s R e l e a s e

For additional information, contact:
Ken Smalling, Director, Corporate Communications, 214-981-6706
Matthew G. Moyer, Vice President, Investor Relations, 214-981-6901

CENTEX COMPLETES SALE OF ITS COMMERCIAL
CONSTRUCTION DIVISION TO BALFOUR BEATTY

DALLAS — April 2, 2007 — Centex Corporation (NYSE: CTX) today announced it completed the sale of its commercial construction division, Centex Construction, to Balfour Beatty PLC, a leading U.K.-based international engineering and construction group, for approximately $362 million, subject to certain adjustments.

The transaction furthers Centex’s strategy to focus on its core home building operations. Centex Construction’s financial results will now be reported as a component of discontinued operations.

About Centex Corporation
Dallas-based Centex (NYSE: CTX), founded in 1950, is one of the nation’s leading home building companies. Centex operates in major U.S. markets in 25 states and delivered more than 39,000 homes in the United States in its most recent fiscal year ended March 31, 2006. Its leading brands include Centex Homes, Fox & Jacobs Homes, CityHomes and Centex Destination Properties.

In addition to its home building operations, Centex’s (www.centex.com) related business lines include mortgage and financial services, and home services. These businesses provide operational or financial support to home building operations and are leaders in their respective industries. Centex ranks No. 1 in its industry on FORTUNE Magazine’s list of “America’s Most Admired Companies.”

Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when Centex is discussing its beliefs, estimates or expectations. Such statements include projections, forecasts, and plans and objectives of management for future operations and other events, as well as any related assumptions, including the anticipated effects of the sale of Centex Construction. These statements are not historical facts or guarantees of future performance but instead represent only Centex’s belief at the time the statements were made regarding future events, which are subject to significant risks, uncertainties and other factors, many of which are outside of Centex’s control. Actual results and outcomes may differ materially from what is expressed or forecast in such forward-looking statements. These risks and uncertainties are described in greater detail in Centex’s most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2006 (including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), as well as recent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are on file with the SEC and may be obtained free of charge through the web site maintained by the SEC at http://www.sec.gov. The factors discussed in this report include, but are not limited to, changes in national or regional economic or business conditions, including employment levels and interest rates, competition, shortages or price changes in raw materials or labor, and other factors that could affect demand for