CORRECTION -- TOUSA Updates Earnings Contribution and Guidance On Its Transeastern Joint Venture


HOLLYWOOD, Fla., Sept. 27, 2006 (PRIMEZONE) -- In a news release issued earlier today, we are informed by the company of an error in the second paragraph: $37.9 million should have been $65.7 million. The corrected second paragraph follows.

The Transeastern joint venture contributed $4 million of the $65.7 million reported as income from joint ventures for the six months ended June 30, 2006. Additionally, 2006 guidance on income from joint ventures of $115-$130 million reflected pretax earnings from the Transeastern joint venture in the range of $6-$9 million.



            

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