Del Webb among top three fastest-growing builders; developer of Sun Cities honored by Builder magazine.

PHOENIX--(BUSINESS WIRE)--May 13, 1996--Del Webb Corp. (NYSE:WBB) is among a trio of companies just recognized by Builder magazine as the fastest-growing home builders in the nation in terms of housing starts made during the last decade (1986-1995).

Del Webb's home starts during that period grew 330 percent (from 1,081 to 4,646) with the other two firms -- Kaufman & Broad and Centex -- growing 121 percent (from 3,694 to 8,182) and 96 percent (from 6,000 to 11,790) respectively.

"Del Webb's key competitive difference is our focus on the mature market, building for those over age 55," said Philip J. Dion, Del Webb's chairman and chief executive officer.

In 1986, Del Webb had only one Sun City master-planned community under development in Arizona. Today, it has nine Sun Cities in five states (Arizona, California, Nevada, South Carolina and Texas).

Del Webb, which has $1 billion in assets, recently sold its 50,000th Sun City home. No other builder has even approached this record of performance in developing and selling homes specifically for Americans age 55 or older.

During the third fiscal quarter of this year, Del Webb posted a 58 percent net increase in new orders over the same period last year, which resulted in Salomon Brothers upgrading the company from a hold to a "strong buy...given its attractive valuation and the continued success of its newest Sun Cities (Salomon Brothers press release, April 26, 1996)."

The company expects to have more than $1 billion in gross revenues by the end of this fiscal year.

With the number of Americans age 55-64 growing almost 100 percent in the next 25 years, Del Webb's prospects for continued prosperity are strong.

"The late Del E. Webb had the great foresight to anticipate the benefits of serving the mature market, and his wisdom is paying off for our customers and our company," added Dion.

CONTACT: Bernstein Communications, Arcadia, Calif.

Jonathan Bernstein, 800/248-7616

or

Michele McCormick, 800/200-7904