8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
October 1, 2008 (September 30, 2008)

Centex Corporation

(Exact name of registrant as specified in its charter)

Nevada
(State or other jurisdiction
of incorporation) 1-6776
(Commission File Number) 75-0778259
(IRS Employer
Identification No.)

2728 N. Harwood Street, Dallas, Texas
(Address of principal executive offices) 75201
(Zip code)

Registrant’s telephone number including area code: (214) 981-5000

Not Applicable
(Former name or former address if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On October 1, 2008, Centex Corporation (the “Company”) announced the sale on Tuesday, September 30, 2008, of its property and casualty insurance agency subsidiary, Westwood Insurance Agency. A copy of the press release announcing the transaction is being filed as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

     The following exhibits are filed with this report.

Exhibit
Number	Description
99.1	Press Release dated October 1, 2008

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CENTEX CORPORATION
By:	/s/ James R. Peacock III
	Name:	James R. Peacock III
	Title:	Vice President, Deputy General Counsel and Secretary

Date: October 1, 2008

EX-99.1

Exhibit 99.1

Centex Corporation
2728 N. Harwood
Dallas, Texas 75201-1516
P.O. Box 199000
Dallas, Texas 75219-9000

news release

For Immediate Release

For additional information, please contact:
Matthew G. Moyer, Centex Investor Relations	Mark A. Amacher
Eric S. Bruner, Centex Public Relations	Senior Vice President & Chief Marketing Officer
214.981.5000 or news@centex.com	ZC Sterling Corporation
	336.292.4642 or mark.amacher@zcsterling.com

CENTEX SELLS WESTWOOD INSURANCE AGENCY TO ZC STERLING

ATLANTA and DALLAS, Oct. 1, 2008 — Centex Corporation and ZC Sterling Corporation announced today that Centex has sold its property and casualty insurance agency, Westwood Insurance Agency, to ZC Sterling, one of the leading privately held U.S. insurance services companies, for approximately $55 million in cash. The companies have received the required regulatory approvals and the transaction closed on Sept. 30. Other terms of the purchase were not disclosed.

Westwood Insurance Agency, a California corporation that has been providing insurance services to customers of homebuilders for more than 50 years, will operate as a wholly owned subsidiary of ZC Sterling. Through Westwood, ZC Sterling will continue to provide insurance services to customers of Centex and other builders nationwide.

“Both Westwood and ZC Sterling have been pioneers in this niche market. Our combined capabilities will deliver unparalleled services to the customers of homebuilder and mortgage industries,” said Bill Krochalis, CEO of ZC Sterling.

About ZC Sterling

ZC Sterling Corporation is a leading provider of specialty insurance and technology-enabled solutions for the mortgage and homebuilder industries. The company provides lender placed hazard insurance tracking and outsourcing services, voluntary homeowners insurance, customized real estate tax services and customer care solutions for lenders, mortgage servicing organizations and homebuilders nationwide. ZC Sterling is headquartered in Atlanta with operations in California, Florida, Iowa, Nebraska, New Mexico, North Carolina and Texas.

About Centex

Dallas-based Centex Corp. (NYSE: CTX), founded in 1950, is one of the nation’s leading home building companies. Its leading brands include Centex Homes, Fox & Jacobs Homes and CityHomes. In addition to its home building operations, Centex also offers mortgage and title services. Centex has ranked among the top three builders on FORTUNE magazine’s list of “America’s Most Admired Companies” for nine straight years and is a leader in quality and customer satisfaction.

###