Video: National Homebuilder Takes Aim at Energy Efficiency
Tuesday, July 08, 2008 10:52 AM
Symbols: CTX
To: REAL ESTATE EDITORS

Contact: Eric S. Bruner or Julie Hines, both of Centex, +1-214- 981-6688, news@centex.com; or Stephanie Hoefken, +1-214-891-7693, stephanie_hoefken@richards.com, for Centex

DALLAS, July 8 /PRNewswire-FirstCall/ -- Centex Corporation (NYSE: CTX) today announced the Centex Energy Advantage, a suite of energy-efficient features standard in all Centex homes built nationwide by January 2009. The initiative is expected to have positive, long-term benefits for the company's homebuyers and the environment.

To view the Multimedia News Release, go to:

http://www.prnewswire.com/mnr/centex/33930/

Centex commissioned the NAHB Research Center to conduct a study modeling the energy efficiency of Centex Energy Advantage-equipped homes. The NAHB Research Center concluded that Centex Energy Advantage homes in the study demonstrated an improvement in energy efficiency of up to 22 percent over comparable homes built to the most widely used energy efficiency code (the 2006 International Energy Conservation Code). When compared to the energy efficiency of a typical 10-year-old home (as defined by the U.S. Department of Energy's Building America Program), the Centex Energy Advantage homes in the study were shown to be up to 40 percent more energy efficient.(1)

A special feature of the Centex Energy Advantage is an in-home energy monitor. Energy monitors provide real-time information about electricity usage and expense and show the effect of turning on and off various electrical components. Based upon the published studies reviewed by the NAHB Research Center, homeowners who use energy monitors to actively manage their consumption of electricity can reduce their electricity use by 4-15 percent. Centex is the first national homebuilder to announce the installation of an energy monitor in every home it builds.

Features of the Centex Energy Advantage standard package include:(2)

-- Energy monitor

-- Whirlpool or KitchenAid brand ENERGY STAR(R) qualified appliances

-- Lennox high-efficiency HVAC system(3)

-- Programmable thermostat(s)

-- Low-emissivity windows

-- Radiant-barrier roof decking(4)

-- R-38, R-40 or R-60 attic insulation (varies by climate zone)

-- Compact fluorescent lights in high-traffic areas

-- Information for maximizing energy efficiency and minimizing the

impact of home operation on the environment

"With today's high energy costs, energy efficiency is front and center for homebuyers," said Tim Eller, chairman and CEO of Centex. "Monthly energy bills are having a growing impact on the budgets of our homebuyers, affecting overall affordability. We wanted to offer our customers -- many of them first-time homebuyers -- a suite of features that will help them operate their homes efficiently.


Next Page >>
More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved