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DEL WEBB REPORTS INCREASES IN SALES ORDERS AND CLOSINGS AND SIGNIFICANT ACTIVITY AT NEW PALM SPRINGS COMMUNITY

 DEL WEBB REPORTS INCREASES IN SALES ORDERS AND CLOSINGS
 AND SIGNIFICANT ACTIVITY AT NEW PALM SPRINGS COMMUNITY
 PHOENIX, April 17 /PRNewswire/ -- Del Webb Corp. (NYSE: WBB) today reported increases in both new sales orders and home closings for the recent fiscal quarter and nine-month period ended March 31, 1992. During the quarter the company had a 46 percent increase in new sales orders for homes and a 28 percent increase in home closings. For the nine-month period, the company had a 38 percent increase in new sales orders and a 6 percent increase in home closings.
 The company's current Sun City communities posted a 24 percent increase in new sales orders for the quarter and a 14 percent increase for the nine-month period. Sun City West in the Phoenix area led the performance with approximately a 40 percent increase in new sales orders for both the quarter and nine-month period. The company opened a new sales complex and new model homes at Sun City West in January which has attracted thousands of new visitors to the community. Home closings for the Sun City Communities increased 14 percent during the quarter, but were down 4 percent for the nine-month period as closings at Sun City Las Vegas declined as expected following two years of extraordinarily high volume.
 Del Webb's Coventry Homes, the company's conventional homebuilder in Phoenix, which began in January 1991, had a significant impact on the company's results with 118 new sales orders and 73 home closings for the quarter and 293 new sales orders and 148 home closings for the nine- month period. "As a start-up operation last year, Coventry Homes has emerged as one of the top 10 homebuilders in Phoenix this year and we are delighted with its performance," said Philip J. Dion, Del Webb's chairman and chief executive officer.
 Dion said he was pleased with the overall performance by the Sun City communities in Arizona and Nevada and Coventry Homes. "Certainly some of the increase is attributable to the fact that last year's results were adversely impacted by the Gulf War. Nevertheless, we are experiencing genuine growth in new sales orders over both last year and the year before," Dion said.
 In addition to the above results, Sun City Palm Springs, Webb's newest community, began taking cancelable home reservations in early February, and at March 31 had 334 reservations. The reservations are not binding, with fully refundable deposits. This summer, the company anticipates receiving a permit from the California Department of Real Estate to begin taking binding sales contracts and expects the first home closings this fall. "We are extremely pleased with the level of interest being expressed by potential homebuyers in our Sun City Palm Springs community," said Frank Pankratz, senior vice president of the company and general manager of Sun City Palm Springs. "Our sales complex, model homes, golf course and recreational center are all under construction. Model homes should be completed in June, and we'll have our grand opening in July. In addition, our lead list for Sun City Palm Springs has now grown to over 18,000 names."
 Dion also expressed pleasure with the company's backlog of homes under contract, which increased by 35 percent from a year ago to 1,271 units at March 31, 1992, with an aggregate contract value of $183 million. These figures do not include home reservations for Sun City Palm Springs.
 The company will release revenue, earnings and operating data later this month.
 Del Webb Corp. is the nation's leading developer of active adult communities with projects in Phoenix, Tucson, Ariz., Las Vegas and the Palm Springs, Calif., metropolitan areas.
 DEL WEBB CORP. AND SUBSIDIARIES
 Selected Operating Data
 Three months ended Nine months ended
 March 31, March 31,
 1992 1991 1992 1991
 Number of new sales
 orders:
 Sun City West 238 168 597 427
 Sun City Tucson 64 64 177 175
 Sun City Las Vegas 173 152 485 503
 Total active adult
 communities 475 384 1,259 1,105
 Coventry Homes 118 21 293 21
 Total 593 405 1,552 1,126
 Number of home closings:
 Sun City West 165 137 500 484
 Sun City Tucson 50 24 159 148
 Sun City Las Vegas 178 182 506 585
 Total active adult
 communities 393 343 1,165 1,217
 Coventry Homes 73 20 148 20
 Total 466 363 1,313 1,237
 At March 31,
 1992 1991
 Homes under contract (backlog):
 Sun City West 479 334
 Sun City Tucson 230 202
 Sun City Las Vegas 363 374
 Total active adult communities 1,072 910
 Coventry Homes 199 31
 Total 1,271 941
 Contract sales amounts $183,000,000 $128,000,000
 -0- 4/17/92
 /CONTACT: Ken Plonski of Del Webb, 602-468-6871, or 602-972-1210 (home)/
 (WBB) CO: Del Webb Corp. ST: Arizona, California IN: CST SU:


JL-EH -- SD003 -- 9627 04/17/92 08:15 EDT
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Date:Apr 17, 1992
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