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SCHULER HOMES INC. A WINNER AT THE 1992 PARADE OF HOMES

 SCHULER HOMES INC. A WINNER AT THE 1992 PARADE OF HOMES
 HONOLULU, Sept. 29 /PRNewswire/ -- Schuler Homes Inc. (NASDAQ: SHLR) was a big winner at the Parade of Homes awards banquet held on Sept. 26, sponsored by the Building Industry Association of Hawaii and the Hawaii Association of Realtors. Schuler Homes won four awards for its two projects entered into this year's parade.
 Fairway Village at Waikele (Waikele Phase 5), a townhome development which lies along the third fairway of the new Waikele Golf Course, won best in its division. Parkview at Waikele (Waikele Phase 3), an affordable townhome development, was also awarded best in its division. Additionally, Parkview at Waikele was presented with two special awards: The United States Department of Housing and Urban Development award for excellence in expanding home ownership and affordable housing opportunities, and the Governor's Affordable Housing Award. (Schuler Homes Inc. was the recipient of the Governor's Affordable Housing Award in 1989, 1991 and now also in 1992.)
 When determining award winners, the Parade of Homes' judges evaluate, among other items, the entrants' architectural, landscape and interior design in addition to the quality of construction, the appropriateness of sales prices and the appeal to its target market.
 "It is a pleasure to participate in the 1992 Parade of Homes," said James K. Schuler, chairman, president and chief executive officer of Schuler Homes Inc. "We are honored to receive recognition for our continued commitment to providing quality affordable housing for the people of Hawaii. Thank you to Schuler Homes' employees and business associates. Your support, loyalty and hard work made this possible. On behalf of Schuler Homes Inc., I commend the Building Industry Association of Hawaii and the Hawaii Association of Realtors for a successful 1992 parade."
 Schuler Homes Inc. is one of the leading developers of affordably priced residential housing in Hawaii. The company's developments primarily consist of low-rise, multifamily homes, such as condominiums and townhomes and, to a lesser extent, single-family homes and residential lots. The company's affordable homes are generally priced at levels that either (i) are at or below ceilings established under applicable governmental and land-use policies, or (ii) represent the low-to-moderate end of the market for a home in a particular locality and are generally below those existing in that locale for comparable homes built by others.
 -0- 9/29/92
 /CONTACT: James K. Schuler, president and CEO, or Pamela S. Jones, VP-finance and CFO, 808-521-5661, of Schuler Homes Inc./
 (SHLR) CO: Schuler Homes Inc. ST: Hawaii IN: CST SU:


LS-KJ -- LA006 -- 4232 09/29/92 09:02 EDT
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Date:Sep 29, 1992
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