<PAGE>   1
                                                               CENTEX EXHIBIT 21

                          CENTEX CORPORATION ("Centex")
                      3333 HOLDING CORPORATION ("Holding")
                                       and
                    CENTEX DEVELOPMENT COMPANY, L.P. ("CDC")
                        Subsidiaries as of March 31, 2001


<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
111 E. CHESTNUT CORPORATION                                          Illinois         100.00                100.00

21 HOUSING COMPANY, LLC                                              Delaware         100.00                100.00

3333 DEVELOPMENT CORPORATION                                          Nevada                   100.00       100.00

A.W. MORTGAGE, L.P.                                                   Texas            50.01                 50.01

AAA HOLDINGS, INC.                                                   Delaware         100.00                100.00

ABC HOMES LIMITED                                                 United Kingdom       50.00                 50.00

ADFINET, INC.                                                         Nevada          100.00                100.00

ADVANCED FINANCIAL TECHNOLOGY, INC.                                   Nevada          100.00                100.00
   Affiliated Advanced Technology, Inc.
   Xsequor

ADVANCED PROTECTION SYSTEMS, INC.                                     Nevada          100.00                 84.75
   Apartment Protection Systems
   Apartment Protection Systems, Inc.
   Centex HomeTeam Security
   Centex HomeTeam Services
   Centex Security
   Centex Security, Inc.
   HomeTeam Alarms, Inc.
   HomeTeam Security
   HomeTeam Security, Inc.
   HomeTeam Services, Inc.
   Protection Systems, Inc.

ALL HOME MORTGAGE, L.P.                                               Texas            80.00                 80.00

AMERICAN GYPSUM COMPANY                                              Delaware          65.20                 65.20

AMERICAN GYPSUM MARKETING COMPANY                                    Delaware          65.20                 65.20

AMERICAN LANDMARK MORTGAGE, LTD.                                     Florida           50.01                 50.01

AMERICAN PRIORITY MORTGAGE COMPANY, L.P.                              Texas            50.01                 50.01

ARBORS OF WOLF PEN CREEK PARTNERS                                     Texas            49.50     0.50        50.00    49.50

ARLINGTON MORTGAGE, INC.                                               Ohio           100.00                100.00

ARMOR INSURANCE COMPANY                                              Vermont          100.00                100.00
</TABLE>



Page 1
<PAGE>   2

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
BANYAN FINANCIAL OF CENTRAL FLORIDA, L.P.                             Texas            50.01                 50.01

BARRINGTON CARPET, LLC                                               Delaware         100.00                100.00

BATESON DAILEY, A JOINT VENTURE                                      Michigan          65.00                 65.00

BAYPORT MORTGAGE, L.P.                                                Texas            50.01                 50.01

BENEFIT ASSET MANAGEMENT CORPORATION                                California        100.00                100.00

BENEFIT LAND TITLE COMPANY                                          California        100.00                100.00

BENEFIT LAND TITLE INSURANCE COMPANY                                California        100.00                100.00

BONAIR HILLS, LLC                                                    Virginia         100.00                100.00

BP SAND & GRAVEL, INC.                                               Delaware          65.20                 65.20

BUILDER'S MORTGAGE SERVICES, L.P.                                     Texas            50.01                 50.01

CALTON HOMES, INC.                                                  New Jersey        100.00                100.00

CALTON HOMES, LLC                                                    Delaware         100.00                100.00

CAVCO INDUSTRIES, LLC                                                Delaware         100.00                100.00
   Cavco Texas, LLC

CC DENTON MOB, L.P.                                                  Delaware          49.50     0.50        50.00    50.00

CC LEWISVILLE MOB, L.P.                                              Delaware          49.50     0.50        50.00    50.00

CC PALESTINE MOB, LP                                                 Delaware          49.50     0.50        50.00    50.00

CC ROWLETT MOB, LLC                                                 Tennessee          49.50     0.50        50.00    50.00

CCP CEMENT COMPANY                                                    Nevada           65.20                 65.20

CCP CONCRETE/AGGREGATES COMPANY                                       Nevada           65.20                 65.20

CCP GYPSUM COMPANY                                                    Nevada           65.20                 65.20

CCP LAND COMPANY                                                      Nevada           65.20                 65.20

CDC MF1, LLC                                                          Nevada           99.01     0.99       100.00    99.00

CDMC HOLDING, INC.                                                    Nevada          100.00                100.00

CENTECH SOLUTIONS, INC.                                               Nevada          100.00                100.00

CENTEX-3D/I, A JOINT VENTURE                                          Texas            90.00                 90.00

CENTEX-AIM CONSTRUCTION, L.L.C.                                      Michigan          80.00                 80.00

CENTEX AUCHTER,  A JOINT VENTURE                                     Florida           65.00                 65.00

CENTEX BUILDING SERVICES, INC.                                        Nevada          100.00                100.00

CENTEX CEMENT CORPORATION                                             Nevada           65.20                 65.20
</TABLE>



Page 2
<PAGE>   3

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CENTEX COMMERCIAL DEVELOPMENT, LLC                                   Delaware          99.00     1.00       100.00   100.00

CENTEX COMMERCIAL DEVELOPMENT, L.P.                                  Delaware          99.00     1.00       100.00   100.00

CENTEX CONCORD                                                      Tennessee          50.00                 50.00

CENTEX CONCORD PROPERTY MANAGEMENT, L.L.C.                          Tennessee          50.00                 50.00

CENTEX CONSTRUCTION COMPANY, INC.                                     Nevada          100.00                100.00
   Centex Bateson Construction Company, Inc.
   Centex Technology Construction Group Mid-Atlantic Division
   Centex Technology Construction Group Southwest Division

CENTEX CONSTRUCTION GROUP, INC.                                       Nevada          100.00                100.00

CENTEX CONSTRUCTION GROUP SERVICES, LLC                              Delaware         100.00                100.00

CENTEX CONSTRUCTION PRODUCTS, INC.                                   Delaware          65.20                 65.20
   Texas-Lehigh Cement Company

CENTEX CORPORATION                                                    Nevada          Parent
   AAA Homes
   Centex Community Development

CENTEX CREDIT CORPORATION                                             Nevada          100.00                100.00
   Centex Home Equity
   Centex Home Equity Corporation
   Nova Mortgage Credit Corporation

CENTEX DEVELOPMENT COMPANY, L.P.                                     Delaware          99.00     1.00       100.00
   CDC, LP
   Centex Homes
   Centex Homes, New Jersey Division

CENTEX DEVELOPMENT COMPANY UK LIMITED                             United Kingdom       99.00     1.00       100.00   100.00

CENTEX DEVELOPMENT FUNDING COMPANY UK LIMITED                     United Kingdom       92.56     0.94        93.50    93.50

CENTEX DEVELOPMENT HOLDING COMPANY UK LIMITED                     United Kingdom       92.56     0.94        93.50    93.50

CENTEX DEVELOPMENT I, LLC                                            Florida           98.00                 98.00

CENTEX DEVELOPMENT/LIVING STONE HOMEBUILDING, L.P.                   Delaware          59.40     0.60        60.00    60.00

CENTEX DEVELOPMENT MANAGEMENT COMPANY                                 Nevada          100.00                100.00

CENTEX-DRAPER 156 PARTNERSHIP                                       California         50.00                 50.00

CENTEX-DRAPER 162 PARTNERSHIP                                       California         50.00                 50.00

CENTEX ENGLE JOINT VENTURE, A FLORIDA GENERAL PARTNERSHIP            Florida           50.00                 50.00

CENTEX EQUITY CORPORATION                                             Nevada          100.00                100.00

CENTEX/F&S, L.L.C.                                                   Delaware         100.00                100.00

CENTEX FINANCE COMPANY                                                Nevada          100.00                100.00
</TABLE>



Page 3
<PAGE>   4

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CENTEX FINANCIAL SERVICES, INC.                                       Nevada          100.00                100.00

CENTEX FORCUM LANNOM, INC.                                            Nevada          100.00                100.00
   Centex Technology Construction Group Midwest Division

CENTEX/FPC, L.L.C.                                                   Delaware         100.00                100.00

CENTEX FUNDING COMPANY, LLC                                          Delaware          99.00     1.00       100.00   100.00

CENTEX-GILFORD, A JOINT VENTURE                                      Virginia          79.58                 79.58

CENTEX/GOINS RASH CAIN, JOINT VENTURE                               Tennessee          85.00                 85.00

CENTEX GOLDEN CONSTRUCTION COMPANY                                    Nevada          100.00                100.00

CENTEX-GREAT SOUTHWEST CORPORATION/CONSTRUCT TWO, A JOINT            Florida           80.00                 80.00
VENTURE

CENTEX-GREAT SOUTHWEST CORPORATION POLOTE, A JOINT VENTURE          California         55.00                 55.00

CENTEX/HARWOOD BOOKHOUT GENERAL PARTNER, LLC                         Delaware          49.50     0.50        50.00    50.00

CENTEX/HARWOOD BOOKHOUT, L.P.                                        Delaware          49.50     0.50        50.00    50.00

CENTEX HARWOOD CITYMARK HOLDING COMPANY, L.P.                        Delaware          99.00     1.00       100.00   100.00

CENTEX HARWOOD GENERAL PARTNER, LLC                                  Delaware          99.00     1.00       100.00   100.00

CENTEX/HKS, CANYON, L.L.C.                                           Delaware         100.00                100.00

CENTEX/HKS II, L.L.C.                                                Delaware         100.00                100.00

CENTEX/HKS, L.L.C.                                                   Delaware         100.00                100.00

CENTEX HOME EQUITY COMPANY, LLC                                      Delaware         100.00                100.00

CENTEX HOME SERVICES COMPANY                                          Nevada          100.00                100.00
   Centex HomeTeam Services
   HomeTeam Services, Inc.
</TABLE>



Page 4
<PAGE>   5

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CENTEX HOMES                                                          Nevada          100.00                100.00
   Centex Development Company
   Centex Homes, a Nevada General Partnership
   Centex-Draper 162 Partnership
   City Homes
   CTX Builders Supply
   Fox & Jacobs
   Fox & Jacobs Homes
   Marquis Homes
   Marquis Mountain Homes
   Marquis Resort Homes
   New Homes Research Group
   Real Homes
   Riverwood Golf Club
   Teal Homes
   Timbercreek Forest Products
   Vista Homes
   Vista Properties Company
   Wayne Homes
   Wayne Homes, a Division of Centex Homes

CENTEX HOMES, INC.                                                    Texas           100.00                100.00

CENTEX HOMES INTERNATIONAL B.V.                                    Netherlands         93.50                 93.50

CENTEX HOMES INTERNATIONAL FUNDING COMPANY                            Nevada          100.00                100.00

CENTEX HOMES INTERNATIONAL LIMITED                                United Kingdom      100.00                100.00

CENTEX HOMES MARKETING, INC.                                         Georgia          100.00                100.00
   CTX Realty

CENTEX HOMES OF CALIFORNIA, LLC                                      Delaware          49.90                 49.90

CENTEX HOMES REALTY COMPANY                                           Nevada          100.00                100.00

CENTEX HOMES REALTY, INC.                                            Michigan         100.00                100.00

CENTEX HOMETEAM LAWN CARE, LLC                                       Delaware         100.00                100.00
   HomeTeam Lawn Care
   King Green
   Turf Guard

CENTEX INDUSTRIAL CAMARILLO I, LLC                                   Delaware          99.00     1.00       100.00   100.00

CENTEX INDUSTRIAL CAMARILLO II, LLC                                  Delaware          99.00     1.00       100.00   100.00

CENTEX INDUSTRIAL CAMARILLO III, LLC                                 Delaware          99.00     1.00       100.00   100.00

CENTEX INDUSTRIAL GATEWAY I, L.P.                                    Delaware          99.00     1.00       100.00   100.00

CENTEX INDUSTRIAL GENERAL PARTNER, LLC                               Delaware          99.00     1.00       100.00   100.00

CENTEX INDUSTRIAL NORTHFIELD I, LLC                                  Delaware          99.00     1.00       100.00   100.00

CENTEX INDUSTRIAL WESTLAKE I, LLC                                    Delaware          99.00     1.00       100.00   100.00
</TABLE>



Page 5
<PAGE>   6

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CENTEX INTERNATIONAL, INC.                                            Nevada          100.00                100.00

CENTEX INTERNATIONAL, LLC                                            Delaware         100.00                100.00

CENTEX INVESTMENT COMPANY, LLC                                       Delaware          99.00     1.00       100.00   100.00

CENTEX-KIRCO INDUSTRIAL SOUTH POINT I, LLC                           Delaware          89.10     0.90        90.00    90.00

CENTEX-KIRCO INDUSTRIAL STATE STREET 11-12, LLC                      Delaware          99.00     1.00       100.00   100.00

CENTEX-KIRCO INDUSTRIAL STATE STREET HOLDING, LLC                    Delaware          99.00     1.00       100.00   100.00

CENTEX-KIRCO INDUSTRIAL SUMMIT I, LLC                                Delaware          89.10     0.90        90.00    90.00

CENTEX-KIRCO INDUSTRIAL WESTLAKE II, LLC                             Delaware          89.10     0.90        90.00    90.00

CENTEX-KIRCO INDUSTRIAL WESTLAKE III, LLC                            Delaware          71.53     0.72        72.25    72.25

CENTEX-KIRCO INDUSTRIAL WESTLAKE IV, LLC                             Delaware          84.15     0.85        85.00    85.00

CENTEX-KIRCO INDUSTRIAL WESTLAKE V, LLC                              Delaware          84.15     0.85        85.00    85.00

CENTEX-KIRCO INDUSTRIAL WESTLAKE VI, LLC                             Delaware          89.10     0.90        90.00    90.00

CENTEX-KIRCO INDUSTRIAL WESTLAKE VIII, LLC                           Delaware          84.15     0.85        85.00    85.00

CENTEX LAND INVESTMENTS, LLC                                         Delaware          99.00     1.00       100.00   100.00

CENTEX LANDIS CONSTRUCTION CO., INC.                                Louisiana         100.00                100.00

CENTEX LANDIS LIMITED LIABILITY COMPANY NO. 1                       Louisiana         100.00                100.00

CENTEX LATIN AMERICA, INC.                                            Nevada           94.00                 94.00

CENTEX LENNAR JOINT VENTURE                                          Florida           50.00                 50.00

CENTEX LIFE SOLUTIONS, INC.                                           Nevada          100.00                100.00

CENTEX LOST CREEK RANCH, LLC                                         Delaware         100.00                100.00

CENTEX MANUFACTURED HOUSING GROUP, LLC                               Delaware         100.00                100.00

CENTEX MATERIALS GP LTD, LLC                                         Delaware          65.20                 65.20

CENTEX MATERIALS, LP                                                  Texas            65.20                 65.20

CENTEX MATERIALS LP LTD, LLC                                         Delaware          65.20                 65.20

CENTEX MORTGAGE COMPANY (UK) LIMITED                              United Kingdom      100.00                100.00

CENTEX/MORRIS II, L.L.C.                                             Delaware         100.00                100.00

CENTEX/MORRIS, L.L.C.                                                Delaware         100.00                100.00

CENTEX MULTI-FAMILY COMMUNITIES, L.P.                                Delaware          99.00     1.00       100.00   100.00
   White Rock Apartment Homes

CENTEX MULTI-FAMILY COMMUNITIES, LLC                                 Delaware          99.00     1.00       100.00   100.00
</TABLE>



Page 6
<PAGE>   7

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CENTEX MULTI-FAMILY COMPANY                                           Nevada                   100.00       100.00
   Centex Multi-Family Development Company

CENTEX MULTI-FAMILY COMPANY, L.P.                                    Delaware          98.01     1.99       100.00    99.00
   Bristol Oaks Apartment Homes

CENTEX MULTI-FAMILY II JOINT VENTURE                                  Texas            49.01    50.99       100.00    49.50

CENTEX MULTI-FAMILY INVESTMENTS, L.P.                                Delaware          99.00     1.00       100.00   100.00

CENTEX MULTI-FAMILY SHEFFIELD I, L.P.                                Delaware          97.03     2.97       100.00    98.01

CENTEX MULTI-FAMILY ST. PETE HOLDING COMPANY, L.L.C.                 Delaware          99.50     0.50       100.00    50.00

CENTEX MULTI-FAMILY ST. PETE I, L.L.C.                               Delaware          99.00     1.00       100.00   100.00

CENTEX MULTI-FAMILY ST. PETE II, L.L.C.                              Delaware          99.00     1.00       100.00   100.00

CENTEX NEW JERSEY REALTY, INC.                                        Nevada          100.00                100.00

CENTEX NORTHFIELD INVESTMENT COMPANY I, L.P.                         Delaware          97.04     0.96        98.00    96.00

CENTEX OFFICE CITYMARK I GENERAL PARTNER, LLC                        Delaware          99.00     1.00       100.00   100.00
   Centex Development Office Citymark I General Partner, LLC

CENTEX OFFICE CITYMARK I, L.P.                                       Delaware          99.00     1.00       100.00   100.00
   Centex Development Office Citymark I, L.P.

CENTEX OFFICE GENERAL PARTNER, LLC                                   Delaware          99.00     1.00       100.00   100.00
   Centex Development Office General Partner, LLC

CENTEX OFFICE SOUTHPOINTE I, L.P.                                    Delaware          99.00     1.00       100.00   100.00

CENTEX OFFICE SOUTHPOINTE II, L.L.C.                                 Delaware          99.50     0.50       100.00    50.00

CENTEX OFFICE VICEROY I, L.P.                                        Delaware         100.00                100.00
   Centex Development Office Viceroy I, L.P.

CENTEX/OMNIPLAN, L.L.C.                                              Delaware         100.00                100.00

CENTEX REAL ESTATE CONSTRUCTION COMPANY                               Nevada          100.00                100.00
   CTX Builders Supply
</TABLE>



Page 7
<PAGE>   8

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CENTEX REAL ESTATE CORPORATION                                        Nevada          100.00                100.00
   Centex Custom Homes
   Centex Engle Joint Venture
   Centex Homes
   Centex Homes Corporation
   Centex Homes, a Nevada General Partnership
   Centex-Crosland Homes
   CTX Builders Supply
   Fox & Jacobs
   Fox & Jacobs Homes
   Marquis Mountain Homes
   Marquis Resort Homes
   New Home Research Group
   Timbercreek Forest Products
   Vista Homes

CENTEX REALTY COMPANY                                                 Nevada          100.00                100.00

CENTEX REALTY, INC.                                                  Florida          100.00                100.00
   Riverwood Properties

CENTEX RETAIL GENERAL PARTNER, LLC                                   Delaware          99.00     1.00       100.00   100.00

CENTEX RETAIL RIVERMARK INVESTMENT COMPANY I, LLC                    Delaware          99.00     1.00       100.00   100.00

CENTEX RETAIL VISTA RIDGE I, L.P.                                    Delaware          99.00     1.00       100.00   100.00

CENTEX-RODGERS CONSTRUCTION COMPANY-CONSTRUCTION CONTROL          North Carolina       65.00                 65.00
SERVICES CORPORATION, A JOINT VENTURE

CENTEX RODGERS, INC.                                                  Nevada          100.00                100.00
   Centex Resource Group
   Centex Technology Construction Group Northeast Division
   Centex Technology Construction Group (West Coast Division)

CENTEX RODGERS/MORLEY, A JOINT VENTURE                              California         75.00                 75.00

CENTEX RODGERS NO. 1, LLC                                           Tennessee          99.00                 99.00

CENTEX RODGERS NO. 2, LLC                                            Delaware         100.00                100.00

CENTEX-RODGERS/SORENSEN GROSS, A JOINT VENTURE                       Michigan          80.00                 80.00

CENTEX RODGERS/SYLLA                                                 Florida           75.00                 75.00

CENTEX-ROONEY CONSTRUCTION CO., INC.                                 Florida          100.00                100.00

CENTEX-ROONEY CONSTRUCTION CO., INC./CONSTRUCT TWO                   Florida           90.00                 90.00
CONSTRUCTION MANAGERS, INC., A JOINT VENTURE

CENTEX-ROONEY CONSTRUCTION CO., INC./HUBER, HUNT & NICHOLS,          Florida           65.00                 65.00
INC., A JOINT VENTURE

CENTEX ROONEY CONSTRUCTION CO., INC./LANDIS COMPANY, INC., A        Louisiana          70.00                 70.00
JOINT VENTURE
</TABLE>



Page 8
<PAGE>   9

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CENTEX-ROONEY CONSTRUCTION CO. OF GEORGIA, LLC                       Delaware         100.00                100.00

CENTEX ROONEY CONSTRUCTION COMPANY/ACI, A JOINT VENTURE              Florida           50.00                 50.00

CENTEX ROONEY/DLR CORRECTION DESIGN BUILDERS, LLC                    Delaware         100.00                100.00

CENTEX ROONEY/GRAY CONSTRUCTION, A JOINT VENTURE                     Florida           85.00                 85.00

CENTEX ROONEY/HLM CORRECTIONAL DESIGN BUILDERS, LC                   Florida           70.00                 70.00

CENTEX ROONEY JONES, A JOINT VENTURE                                 Florida           55.00                 55.00

CENTEX ROONEY MARINE, INC.                                           Florida          100.00                100.00

CENTEX-ROONEY NATIONAL DEVELOPMENT, J.V.                             Florida           75.00                 75.00

CENTEX ROONEY/PGAL DESIGN BUILDERS, L.C.                             Florida           90.00                 90.00

CENTEX ROONEY/ROYAL AMERICAN, A JOINT VENTURE                        Florida           70.00                 70.00

CENTEX ROONEY/RS&H DESIGN BUILDERS, L.C.                             Florida           90.00                 90.00

CENTEX ROONEY/SCHENKEL SHULTZ DESIGN/BUILDERS, L.C.                  Florida           50.00                 50.00

CENTEX-SCHAUMBERG INDUSTRIAL PARK, L.L.C.                            Illinois          20.00                 20.00

CENTEX/SCHENKEL SCHULTZ, L.L.C.                                      Delaware         100.00                100.00

CENTEX SEISMIC SERVICES, INC.                                         Nevada           95.00                 95.00

CENTEX SENIOR SERVICES CORPORATION                                    Nevada          100.00                100.00
   Kensington Cottages at Chandler Creek
   Kensington Cottages at Clear Lake
   Kensington Cottages at Quail Creek
   Kensington Cottages by Centex

CENTEX SERVICE COMPANY                                                Nevada          100.00                100.00

CENTEX/SHG, L.L.C.                                                   Delaware         100.00                100.00

CENTEX/STARCENTER DEVELOPMENT COMPANY I, L.P.                        Delaware          99.00     1.00       100.00   100.00

CENTEX/STARCENTER GENERAL PARTNER, LLC                               Delaware          99.00     1.00       100.00   100.00

CENTEX TECHNOLOGY, INC.                                               Nevada          100.00                100.00

CENTEX TITLE & ANCILLARY SERVICES, INC.                               Nevada          100.00                100.00

CENTEX URBAN, LLC                                                   Tennessee          95.00                 95.00

CENTEX VICEROY GENERAL PARTNER, LLC                                  Delaware         100.00                100.00

CHEC ASSET RECEIVABLE CORPORATION                                     Nevada          100.00                100.00

CHEC CONDUIT FUNDING, LLC                                            Delaware         100.00                100.00
</TABLE>



Page 9
<PAGE>   10

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
CHEC FUNDING, LLC                                                    Delaware         100.00                100.00

CHEC INDUSTRIAL LOAN COMPANY                                        Tennessee         100.00                100.00

CHEC INDUSTRIAL LOAN CORPORATION                                    Minnesota         100.00                100.00

CHEC RESIDUAL CORPORATION                                             Nevada          100.00                100.00

CHERVENIC FINANCIAL SERVICES, L.P.                                    Texas            60.00                 60.00

CKC FACILITIES GROUP, L.C.                                           Florida           60.00                 60.00
   CKC Design Builders, L.C.
   Miramar Town Center Group

COMMERCE LAND TITLE AGENCY, LLC                                      Delaware         100.00                100.00

COMMERCE LAND TITLE, INC.                                             Nevada          100.00                100.00

COMMERCE TITLE COMPANY OF NEW MEXICO, LLC                            Delaware         100.00                100.00

COMMERCE TITLE VENTURES, LLC                                         Delaware         100.00                199.00

COPPER CANYON DEVELOPMENT COMPANY LLC                               California         45.70                 45.70

CRB TRUST MORTGAGE, LTD.                                             Florida           50.01                 50.01

CRG HOLDINGS, LLC                                                    Delaware         100.00                100.00
   AAA Homes
   AAA Park Model & RV
   Boerne Homes
   Cavco Home Center
   Cavco Homes
   Cavco Homes Supercenter
   Cavco Supercenter
   Factory Liquidators

CROSLAND ACCEPTANCE ASSOCIATES V                                  North Carolina      100.00                100.00

CROSLAND BOND COMPANY                                             North Carolina      100.00                100.00

CTX HOLDING COMPANY                                                   Nevada          100.00                100.00

CTX MORTGAGE COMPANY                                                  Nevada          100.00                100.00
   CTX Capital Corporation
   CTX Mortgage Homeownership Club
   CTX Mortgage Company, Inc.
   Houston Appraisal, Inc.
   LendersWholesale

CTX MORTGAGE COMPANY, LLC                                            Delaware         100.00                100.00

CTX MORTGAGE FUNDING II, LLC                                         Delaware         100.00                100.00

CTX MORTGAGE FUNDING, LLC                                            Delaware         100.00                100.00

CTX MORTGAGE VENTURES CORPORATION                                     Nevada          100.00                100.00

CUMMINGS-CENTEX ROONEY                                               Florida           45.00                 45.00
</TABLE>



Page 10
<PAGE>   11
<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
DARDEN FINANCIAL SERVICES, L.P.                                       Texas            50.01                 50.01

DCP FINANCIAL SERVICES, L.P.                                          Texas            50.01                 50.01

DENALI FINANCIAL SERVICES, L.P.                                       Texas            50.01                 50.01

DIAMOND TITLE COMPANY                                                Delaware         100.00                100.00

DUNDEE INSURANCE AGENCY, INC.                                         Texas           100.00                100.00

EFO LAND GENPAR, LLC                                                 Delaware         100.00                100.00

EFO LAND, L.P.                                                       Delaware         100.00                100.00

ENHANCED SAFETYSYSTEMS, INC.                                          Nevada          100.00                100.00
   Apache HomeTeam Services
   Cactus Valley Pest Control
   Centex HomeTeam Pest Control
   Centex HomeTeam Pest Management
   Centex HomeTeam Services
   Centex Pest Control
   Centex Pest Management
   Environmental Safetysystems, Inc.
   HomeTeam Environmental
   HomeTeam Environmental Services
   HomeTeam Pest Control
   HomeTeam Pest Management
   HomeTeam Services
   HomeTeam Services, Inc.
   Ideal Pest Control
   Ivies HomeTeam Services
   Pest Defense System
   Pest Defense System of Austin
   Pest Defense System of Central Florida
   Pest Defense System of Greater Houston
   Pest Defense System of Northwest Florida
   Pest Defense System of San Antonio
   Pest Defense System of South Florida
   Pest Defense System of Southeast Florida
   Pest Defense System of Southwest Florida
   Pest Defense System of the First Coast
   Pest Defense System of the Gold Coast
   Pest Defense System of the Gulf Coast
   Pest Defense System of the Space Coast
   Pest Defense System of the Treasure Coast
   Radar HomeTeam Services
   Results Pest Control
   Rodger's HomeTeam Services

EXPRESS FINANCIAL SERVICES, LIMITED PARTNERSHIP                   North Carolina       50.01                 50.01
   Express Financial Services, L.P.

FAIRCLOUGH HOMES GROUP LIMITED                                    United Kingdom       99.00     1.00       100.00   100.00

FAIRCLOUGH HOMES LIMITED                                          United Kingdom       99.00     1.00       100.00   100.00

FAIRPINE LIMITED                                                  United Kingdom       49.50     0.50        50.00    50.00
</TABLE>



Page 11
<PAGE>   12

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
FAIRWAY FINANCIAL GROUP, L.P.                                         Texas            50.01                 50.01

FIRST CENTURY MORTGAGE, L.P.                                          Texas            50.01                 50.01

FIRST HARBOR FINANCIAL SERVICES, LIMITED PARTNERSHIP              North Carolina       50.01                 50.01
   First Harbor Financial Services, L.P.

FOX & JACOBS, INC.                                                    Texas           100.00                100.00

GENBOND TWO, INC.                                                 North Carolina      100.00                100.00

GHQ COMPANY, INC.                                                     Nevada          100.00                100.00

GLG MORTGAGE, L.P.                                                    Texas            50.01                 50.01

GOLDEN-C A B, JOINT VENTURE                                         California         75.00                 75.00

GOLDEN TURNER, A JOINT VENTURE                                      California          1.00                  1.00

GREAT LAKES DEVELOPMENT CO., INC.                                     Nevada          100.00                100.00

GV NORTHFIELD I LLC                                                  Delaware          48.52     0.48        49.00    48.00

HARWOOD SERVICE COMPANY, LLC                                         Delaware         100.00                100.00

HARWOOD STREET FUNDING II, LLC                                       Delaware         100.00                100.00
   Main Street Funding, LLC

HEARTLAND MORTGAGE, L.P.                                            California         50.01                 50.01

HOLLIS & EASTERN RAILROAD COMPANY LLC                                Delaware         100.00                100.00

HOME FINANCE LIMITED                                              United Kingdom      100.00                100.00

HOMEBUYERS FINANCIAL SERVICES, L.P.                                   Texas            60.00                 60.00

ILLINOIS CEMENT COMPANY                                              Illinois          32.60                 32.60

ILLINOIS CEMENT COMPANY, JOINT VENTURE                                Texas            32.60                 32.60
   Wisconsin Cement Company

INDEPENDENT GENERAL AGENCY, INC.                                      Texas           100.00                100.00

INTEGRATED PROJECT SOLUTIONS, INC.                                    Nevada          100.00                100.00
   Centex/IPS, Inc.

IPS GROUP NO.1, LLC                                                   Texas           100.00                100.00

JOHN CROSLAND ACCEPTANCE CORPORATION THREE                        North Carolina      100.00                100.00

JOHN CROSLAND COMPANY                                             North Carolina      100.00                100.00
   John Crosland Homes

KATY FINANCIAL SERVICES, L.P.                                         Texas            60.00                 60.00

LANSDOWNE COMMUNITY DEVELOPMENT LLC                                  Virginia          25.00                 25.00

LAPORTE MINERALS LLC                                                 Delaware          65.20                 65.20
</TABLE>



Page 12
<PAGE>   13

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
LMX FINANCIAL SERVICES, LTD.                                         Florida           50.01                 50.01

M&W DRYWALL SUPPLY COMPANY                                            Nevada           65.20                 65.20

M&W GENERAL CONSTRUCTION COMPANY                                      Nevada           49.00                 49.00

MATHEWS READYMIX, INC.                                              California         65.20                 65.20

MEADOW VISTA COMPANY, LLC                                            Delaware         100.00                100.00
   Ocotillo Meadows, LLC

MELROSE PARK JOINT VENTURE                                           Florida           53.35                 53.35

METROPLEX RESIDENTIAL  LENDING, L.P.                                  Texas            50.01                 50.01

METROPOLITAN TAX SERVICE, INC.                                        Nevada          100.00                100.00
   Metropolitan Tax & Abstract Services, Inc.

METROPOLITAN TITLE & GUARANTY COMPANY                                Florida          100.00                100.00

MILE HIGH MORTGAGE SERVICES, LLLP                                    Colorado          60.00                 60.00

MORRISON FINANCIAL SERVICES, L.P.                                     Texas            50.01                 50.01

MORTGAGE ACCEPTANCE ASSOCIATES NO.1                               North Carolina      100.00                100.00

MORTGAGE COLLATERAL ASSOCIATES NO. 2                              North Carolina      100.00                100.00

MORTGAGE COLLATERAL ASSOCIATES NO. 3                              North Carolina      100.00                100.00

MOUNTAIN CEMENT COMPANY                                               Nevada           65.20                 65.20

NETHOMEFINANCIAL, L.P.                                                Texas            50.01                 50.01

NEVADA CEMENT COMPANY                                                 Nevada           65.20                 65.20

NEW DIMENSION FINANCIAL SERVICES, L.P.                                Texas            50.01                 50.01
   New Dimension Financial Services, L.P.

NHC MORTGAGE GROUP, L.P.                                              Texas            50.01                 50.01

NOMAS CORP.                                                           Nevada           49.90                 49.90

OPTIMA IS.COM, LLC                                                   Delaware          51.00                 51.00

PALMDALE 101 VENTURE                                                California         50.00                 50.00

PANORAMIC LAND, INC.                                                  Nevada          100.00                100.00

PDG / PRESCOTT DEVELOPMENT GROUP, L.L.C.                             Arizona           24.25     0.25        24.50    24.50

PEOPLES MORTGAGE COMPANY, L.P.                                        Texas            60.00                 60.00

QUALITY LENDING, L.P.                                                 Texas            60.00                 60.00

REALTY FINANCIAL SERVICES, L.P.                                       Texas            55.00                 55.00

REALTY TITLE PROFESSIONALS, LTD., LLLP                               Florida           50.98                 50.98
</TABLE>



Page 13
<PAGE>   14

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
REPUBLIC FIBER COMPANY LLC                                           Delaware          65.20                 65.20

REPUBLIC GYPSUM COMPANY, LP                                                            65.20                 65.20

REPUBLIC GYPSUM HOLDING LLC                                          Delaware          65.20                 65.20

REPUBLIC GYPSUM OPERATING LLC                                        Delaware          65.20                 65.20

REPUBLIC HOLDING CORPORATION                                          Nevada           65.20                 65.20

REPUBLIC PAPERBOARD COMPANY LLC                                      Delaware          65.20                 65.20

REPUBLIC RESOURCE CONTROL LLC                                        Delaware          65.20                 65.20

RIVERMARK PARTNERS, LLC                                             California         33.33                 33.33

SAN JUAN LAND COMPANY                                                 Nevada          100.00                100.00

SEABREEZE, LLC                                                      California         66.70                 66.70

ST LENDING, INC.                                                     Delaware          49.90                 49.90

SUN BUILT DEVELOPMENT, LLC                                           Delaware          48.51     0.49        49.00    49.00

SYCAMORE CREEK                                                      California         50.00                 50.00

T.W. LEWIS MORTGAGE COMPANY, L.P.                                     Texas            50.01                 50.01

TDC MORTGAGE COMPANY, L.P.                                            Texas            50.01                 50.01

TEXAS CEMENT COMPANY                                                  Nevada           65.20                 65.20
   C & C Properties, Inc.
   C P Service Company
   Texas-Lehigh Cement Company

TEXAS LEHIGH CEMENT COMPANY LP                                        Texas            32.60                 32.60
   Texas Lehigh Cement Company

TG MORTGAGE GROUP, L.P.                                               Texas            50.01                 50.01

THE JONES COMPANY FINANCIAL SERVICES, LTD.                           Florida           50.01                 50.01

THE MORTGAGE FOUNDATION, L.P.                                       Washington         50.01                 50.01

THE STUDENT COMMUNITIES GROUP, L.C.                                  Florida           50.00                 50.00

TLCC GP LLC                                                          Delaware          65.20                 65.20

TLCC LP LCC                                                          Delaware          65.20                 65.20

VIEWTON PROPERTIES LIMITED                                        United Kingdom       99.00     1.00       100.00   100.00

VISTA REALTY DEVELOPMENT COMPANY, L.P.                               Delaware          99.00     1.00       100.00   100.00

VISTA REALTY GENERAL PARTNER, LLC                                    Delaware          99.00     1.00       100.00   100.00
</TABLE>



Page 14
<PAGE>   15

<TABLE>
<CAPTION>
                                                                                           Percentage of Ownership
                                                                                       (Aggregate, to the nearest .00%)
                                                                                   -----------------------------------------
                                                                                                            Grand
                                                                                    Centex    Holding       Total
                                                                 Jurisdiction of   ---------- --------    (Centex &
Entity Name & DBAs                                                 Organization      Total     Total       Holding)   CDC*
============================================================================================================================
<S>                                                              <C>               <C>        <C>         <C>        <C>
WAYNE HOMES, LLC                                                     Delaware          97.00                 97.00
   Wayne Homes Centex, LLC
   Wayne Homes Michigan, LLC

WAYNE HOMES MID ATLANTIC, LLC                                        Delaware         100.00                100.00

WESTERN AGGREGATES, INC.                                              Nevada           65.20                 65.20
   Centex Western Aggregates, Inc.

WESTERN ALLIANCE MORTGAGE, L.P.                                       Texas            60.00                 60.00

WESTERN CEMENT COMPANY OF CALIFORNIA                                California         65.20                 65.20

WESTFEST, LLC                                                        Arizona           50.00                 50.00

WESTWOOD INSURANCE AGENCY                                           California        100.00                100.00
   HomeAdvantage Insurance Services
   HomeAdvantage Insurance Services Agency
   HomeAdvantages Insurance Services
   Westwood Insurance Agency, Inc.
   WMC Insurance Agency
   WMC Insurance Agency Services
   WMC Insurance Services
   WMC Insurance Services Insurance Agency

WESTWOOD INSURANCE AGENCY                                             Nevada          100.00                100.00

WESTWOOD INSURANCE AGENCY OF ARIZONA, INC.                           Arizona          100.00                100.00

WINDEMERE BLC LAND COMPANY LLC                                      California         33.33                 33.33

WISCONSIN CEMENT COMPANY                                            Wisconsin          32.60                 32.60

WOODMONT FINANCIAL SERVICES, L.P.                                     Texas            55.00                 55.00

WORTHINGTON FINANCIAL SERVICES, L.P.                                  Texas            50.01                 50.01
</TABLE>

*  A subsidiary of Centex owns a 99% Limited Partner interest in CDC, and a
   subsidiary of Holding owns a 1% General Partner interest in CDC; therefore,
   ownership interests shown for CDC are also included in the figures for Centex
   and Holding.



Page 15