EXHIBIT 99.1

[PULTE HOMES(TM) LOGO]


FOR IMMEDIATE RELEASE                               Contact: James Zeumer
                                                    Pulte Homes, Inc.
                                                    Vice President
                                                    (248) 433-4597
                                                    email: jim.zeumer@pulte.com



                  PULTE HOMES PRESIDENT AND CEO MARK J. O'BRIEN
                      ANNOUNCES PLANS TO LEAVE THE COMPANY

            RICHARD J. DUGAS, JR., EXECUTIVE VICE PRESIDENT AND COO,
                    NAMED AS COMPANY'S NEXT PRESIDENT AND CEO

                   ADDITIONAL MANAGEMENT PROMOTIONS ANNOUNCED


         BLOOMFIELD HILLS, MI, MAY 13, 2003 -- Pulte Homes (NYSE: PHM) announced
today that Mark J. O'Brien will be ending his 21-year career with the Company as
of June 30, 2003. The Company's Board of Directors has named Richard J. Dugas,
Jr., Pulte Homes' Executive Vice President and COO, to be the Company's next
President and CEO effective July 1, 2003. William J. Pulte, Company Founder,
will retain his position as Chairman of the Board.

         "During my six years as part of the senior management team, the Company
has tripled revenues to $7.5 billion and increased earnings per share by over
450%," said Mr. O'Brien. "It is gratifying to have been a part of the business
and organizational growth during this period, capped off with the successful
merger and integration of Del Webb. I am very proud of how well these two
companies came together. With the task of integrating the organizations
completed, it is time for me to seek different opportunities."

         Mr. O'Brien has been with Pulte Homes for 21 years and has served as
President and CEO since 2001. Under his leadership, Pulte Homes' sales have
increased to over $7.5 billion, while the Company successfully integrated its
Del Webb acquisition. Today, Pulte Homes operates in 44 markets throughout the
country and continues to implement its strategy of serving all the major buyer
segments: first time, first move up, second move up and active adult.

         "Mark has done an outstanding job leading this Company through the
challenging integration phase following the merger with Del Webb," said William
J. Pulte. "I know I



speak for the entire Board in thanking him for his leadership during this
process and for his contributions to the Company's success over his 21 year
career."

         In a separate release, the Company also announced that Roger A. Cregg
has been promoted to Executive Vice President. Mr. Cregg retains his title of
Chief Financial Officer. Leo J. Taylor has also been promoted to Executive Vice
President, Human Resources, having previously been Senior Vice President, Human
Resources.

         "Mark leaves the Company in an excellent position to deliver strong
financial and business results in 2003 and beyond," said Mr. Pulte. "He also
leaves the Company in good hands as Richard Dugas has demonstrated the
leadership skills and business acumen required to lead the organization for many
years to come. Over his career with Pulte Homes, I have come to appreciate
Richard's commitment to delivering a superior customer experience and
exceptional business results.

         "In promoting Richard, Roger and Leo, the Board is recognizing and
rewarding the contributions that these individuals have made and the critical
role they will play as we continue to implement the long-term strategies the
Company has in place."

         Since 1994, Mr. Dugas has served in a variety of management positions
at Pulte Homes, and was most recently Executive Vice President and Chief
Operating Officer. Prior to joining the senior management team, he served as
Coastal Region President with responsibility for the Company's Georgia, North
Carolina, South Carolina and Tennessee operations. In 2001, the Coastal Region
was Pulte Homes' largest, with approximately 3,400 closings and $650 million in
revenues.

         Mr. Dugas has also served as City President and Market Manager for the
Pulte Homes Atlanta Division and as Process Improvement Vice President, where he
was responsible for driving system-wide process improvement in two major
national initiatives. Prior to joining Pulte Homes, Mr. Dugas worked for PepsiCo
in process improvement and plant operational efficiency and at Exxon Company in
a variety of marketing, retail and customer service functions.

         Mr. Dugas earned a Bachelor of Science in Marketing from Louisiana
State University.

About Pulte Homes

         Pulte Homes, Inc., (www.pulte.com) based in Bloomfield Hills, Michigan,
has operations in 44 markets across the United States. Under its Del Webb
(www.delwebb.com) brand, the Company is also the nation's leading builder of
active adult communities for people age 55 and older. Over its history, the
Company has constructed more than 300,000 homes and has been named Builder of
the Year for 2002 by Professional Builder magazine. Pulte Mortgage LLC is a
nationwide lender committed to meeting the financing needs of Pulte Homes'
customers by offering a wide variety of loan products and superior customer
service.

/Web site: http://www.pulte.com

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