<PAGE>

                                                                   EXHIBIT 4(n)

                                PULTE HOMES, INC.

                              INDENTURE SUPPLEMENT

                            DATED AS OF JULY 9, 2004

                                       TO

                                    INDENTURE

                          DATED AS OF OCTOBER 24, 1995

                         J.P. MORGAN TRUST COMPANY, N.A.

                                     TRUSTEE

                             SENIOR DEBT SECURITIES

<PAGE>

      INDENTURE SUPPLEMENT, dated as of July 9, 2004, among PULTE HOMES, INC., a
Michigan corporation ("Company"), located at 100 Bloomfield Hills Parkway, Suite
300, Bloomfield Hills, Michigan 48304, J.P. MORGAN TRUST COMPANY, N.A., as
Trustee ("Trustee"), and the Company's direct and indirect wholly-owned domestic
homebuilding subsidiaries set forth on the signature pages hereto (collectively,
the "Guarantors").

                                    RECITALS

      The Company and certain Guarantors have heretofore executed and delivered
to the Trustee that certain Indenture, dated as of October 24, 1995 (hereinafter
the "Original Indenture" and as amended by the Indenture Supplement dated as of
August 27, 1997, the Indenture Supplement dated as of March 20, 1998, the
Indenture Supplement dated as of January 31, 1999, two Indenture Supplements
each dated as of April 3, 2000, the Indenture Supplement dated as of February
21, 2001, the Indenture Supplement dated as of July 31, 2001, the Indenture
Supplement dated as of August 6, 2001, the Indenture Supplement dated as of June
12, 2002, the Indenture Supplement dated as of February 3, 2003, the Indenture
Supplement dated as of May 22, 2003, the Indenture Supplement dated as of
January 16, 2004 and this Indenture Supplement, hereinafter the "Indenture"),
pursuant to which one or more series of unsecured debenture, notes or other
evidences of indebtedness of the Company (hereinafter, the "Securities") may be
issued from time to time.

      Section 901(6) of the Indenture provides that a supplemental indenture may
be entered into by the Company and the Trustee without the consent of any
Holders to make provisions to establish the form or terms of Securities of any
series as permitted by Sections 201 and 301 of the Indenture.

      Pursuant to the terms of Section 901(6) of the Indenture, the Company
desires to provide for the establishment of the form and terms of a new series
of its Securities to be known as its 4.875% Senior Notes due 2009 (hereinafter,
the "Notes").

      Section 901(9) of the Indenture provides that a supplemental indenture may
be entered into by the Company and the Trustee without the consent of any
Holders to make provisions with respect to matters arising under the Indenture
which do not adversely affect the interests of the Holders of the Securities of
any series in any material respect.

      The Company has furnished the Trustee with (i) an Opinion of Counsel
stating that the execution of this Indenture Supplement is authorized or
permitted by the Indenture and (ii) a copy of the resolutions of its Board of
Directors certified by its Secretary, pursuant to which this Indenture
Supplement has been authorized.

      All things necessary to make this Indenture Supplement a valid agreement
of the Company and the Trustee and a valid amendment of and supplement to the
Indenture have been done.

      NOW THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH:

                                       2
<PAGE>

      For and in consideration of the premises and the mutual covenants and
agreements contained herein, it is mutually covenanted and agreed, for the equal
and proportionate benefit of all Holders of the Notes, as follows:

                                    ARTICLE I

                                  DEFINED TERMS

      SECTION 1.01. Defined Terms. Except as otherwise expressly provided in
this Indenture Supplement or in the form of Note attached as Exhibit A hereto or
otherwise clearly required by the context hereof or thereof, all capitalized
terms used and not defined in this Indenture Supplement that are defined in the
Original Indenture shall have the meanings assigned to them in the Original
Indenture. For all purposes of this Indenture Supplement:

      "Certificated Note" has the meaning set forth in Section 2.04 hereof.
"Closing Date" means July 9, 2004.

      "Commission" means the Securities and Exchange Commission and any
successor thereto.

      "Company" has the meaning set forth in the preamble.

      "Depositary" means, with respect to the Securities of any series issuable
or issued in whole or in part in the form of one or more Global Securities, the
clearing agency registered under the Exchange Act, specified for that purpose as
contemplated by Section 301 or any successor clearing agency registered under
the Exchange Act as contemplated by Section 305, and if at any time there is
more than one such Person, "Depositary" as used with respect to the Securities
of any series shall mean the Depositary with respect to the Securities of such
series.

      "Exchange Act" means the Securities Exchange Act of 1934, as amended.

      "Global Note" has the meaning set forth in Section 2.04 hereof.

      "Global Security" means a Security bearing the legend specified in Section
204 (as added hereby) evidencing all or part of a series of Securities, issued
to the Depositary for such series or its nominee, and registered in the name of
such Depositary or nominee. Unless otherwise specified, references to a
permanent global security in this Indenture shall include any Global Security.

      "Global Securities Legend" means the legend set forth on the form of Note
attached as Exhibit A hereto.

      "Guarantors" has the meaning set forth in the preamble.

      "Interest Payment Date" has the meaning set forth in Section 2.02 hereof.

      "Indenture" has the meaning set forth in the recitals.

                                       3
<PAGE>

      "Notes" means any of the Securities of the series designated in the third
paragraph of the recitals hereof and Section 2.01 hereof that are authenticated
and delivered under the Indenture. For all purposes of the Indenture, the term
"Notes" shall include the Notes initially issued on the Closing Date and any
other Notes issued after the Closing Date under the Indenture. For purposes of
the Indenture, all Notes shall vote together and otherwise constitute a single
series of Securities under the Indenture.

      "Original Indenture" has the meaning set forth in the recitals.

      "Regular Record Date" has the meaning set forth in Section 2.02 hereof.

      "Registrar" has the meaning set forth in Section 4.03 hereof. "Securities"
has the meaning set forth in the recitals. "Trustee" has the meaning set forth
in the preamble.

      The parties hereto acknowledge that certain terms are defined in both the
Original Indenture and in this Indenture Supplement. The parties hereto hereby
agree that, unless otherwise expressly stated or the context otherwise requires,
any term which is defined in both the Original Indenture and in this Indenture
Supplement, when used with respect to or in the certificates evidencing the
Notes, shall have the meaning set forth in this Indenture Supplement.

                                   ARTICLE II

                               TERMS OF THE NOTES

      SECTION 2.01. Establishment of the Notes. There is hereby authorized and
established a series of Securities designated the 4.875% Senior Notes due 2009,
limited in aggregate principal amount to $400,000,000 (except as provided in
Section 301(2) of the Original Indenture); provided that the Company may,
without the consent of the Holders of the Outstanding Notes, "reopen" this
series of Securities so as to increase the aggregate principal amount of Notes
Outstanding in compliance with the procedures set forth in the Indenture,
including Sections 301 and 303 thereof, so long as any such additional Notes
have the same tenor and terms (including, without limitation, rights to receive
accrued and unpaid interest) as the Notes then Outstanding.

      SECTION 2.02. Terms of the Notes. The Stated Maturity on which the
principal of the Notes shall be due and payable shall be July 15, 2009.

      The principal of the Notes shall bear interest at the rate of 4.875% per
annum from July 9, 2004 or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, payable semi-annually in arrears on
January 15 and July 15 (each, an "Interest Payment Date") in each year,
commencing January 15, 2005, to the Persons in whose names the Notes (or one or
more Predecessor Securities) are registered at the close of business on the
January 1 or July 1 immediately preceding such Interest Payment Dates (each, a
"Regular Record Date") regardless of whether such Regular Record Date is a
Business Day. Any overdue principal of and premium, if any, on the Notes and any
overdue installment of interest on the Notes shall, to the extent permitted by
law, bear interest at the rate of 4.875% per annum.

      Interest on the Notes shall be calculated on the basis of a 360-day year
of twelve 30-day months.

                                       4
<PAGE>

      No additional amounts will be payable on any Notes held by a Person who is
a non-United States citizen in respect of any tax, assessment or governmental
charge withheld or deducted.

      The Borough of Manhattan, in The City of New York is hereby designated as
a Place of Payment for the Notes; and the place where the principal of and
interest on the Notes shall be payable, where Notes may be surrendered for
registration of transfer and exchange, and where notices and, if other than in
the manner provided in Section 105 of the Original Indenture, demands to or upon
the Company in respect of the Notes may be served, shall be the office or agency
maintained by the Company for that purpose in the Borough of Manhattan, in The
City of New York, which initially shall be the office of the Trustee located at
4 New York Plaza, New York, New York 10005, Attention: Corporate Trust
Administration.

      The Notes are subject to redemption at the option of the Company as
provided in the form of Note attached hereto as Exhibit A and in the Indenture.
The Notes shall not have the benefit of a sinking fund.

      The Notes shall be subject to the restricted covenants described in
Sections 1006 and 1007 and Article 8 of the Indenture.

      The Notes shall be subject to defeasance and covenant defeasance at the
option of the Company as provided in Sections 1401, 1402 and 1403 of the
Indenture; provided that, without limitation to the provisions of Sections 1401,
1402 and 1403 of the Original Indenture, the provisions of Section 308 and of
Article III of this Indenture Supplement shall survive any such defeasance or
covenant defeasance and remain in full force and effect.

      The Notes shall have such other terms and provisions as are set forth in
the form of Note attached hereto as Exhibit A (all of which incorporated by
reference in and made a part of this Indenture Supplement as if set forth in
full at this place).

      SECTION 2.03. Denominations. The Notes shall be issued in denominations of
$1,000 and integral multiples thereof.

      SECTION 2.04. Form. The Notes shall be in substantially the form set forth
in Exhibit A hereto, with such changes therein as may be authorized by any
officer of the Company executing the Notes by manual or facsimile signature,
such approval to be conclusively evidenced by the execution thereof by such
officer.

      The terms and provisions contained in the Notes shall constitute, and are
hereby expressly made, a part of this Indenture Supplement, and the Company and
the Trustee, by their execution and delivery of this Indenture Supplement,
expressly agree to such terms and provisions and to be bound thereby. However,
to the extent any provision of any Note conflicts with the express provisions of
this Indenture Supplement, the provisions of this Indenture Supplement shall
govern and be controlling.

      The Notes shall be issued as Registered Securities without coupons.

                                       5
<PAGE>

      The Notes shall be issued initially in the form of one or more permanent
Global Securities ("Global Notes"). The initial Depositary for the Global Notes
shall be The Depository Trust Company. The Global Notes shall be registered in
the name of the Depositary or a nominee of the Depositary and deposited with the
Trustee, as custodian for the Depositary. Notes may be issued in certificated
form without interest coupons only to the extent provided by the Indenture and
this Indenture Supplement ("Certificated Notes"). Except as provided in Section
4.02 of this Indenture Supplement, owners of beneficial interests in Global
Notes will not be entitled to receive physical delivery of Certificated Notes.

      Holders of beneficial interests shall have no rights under the Indenture
with respect to any Global Security held on their behalf by the Depositary or by
the Trustee as Securities Custodian or under such Global Security, and the
Depositary may be treated by the Company, the Trustee and any agent of the
Company or the Trustee as the absolute owner of such Global Security for all
purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent
the Company, the Trustee or any agent of the Company or the Trustee from giving
effect to any written certification, proxy or other authorization furnished by
the Depositary or impair, as between the Depositary and its holders of
beneficial interests, the operation of customary practices of such Depositary
governing the exercise of the rights of a holder of a beneficial interest in any
Global Security.

                                   ARTICLE III

                              INTENTIONALLY OMITTED

                                   ARTICLE IV

                             ORIGINAL ISSUE OF NOTES

      SECTION 4.01. Notes. Notes in the aggregate principal amount of
$400,000,000 may be executed by the Company and delivered to the Trustee for
authentication and the Trustee shall thereupon authenticate and, on the Closing
Date, deliver said Notes upon a Company Order without any further action by the
Company.

      SECTION 4.02. Certificated Notes.

      (a) A Global Note deposited with the Depositary or with the Trustee as
Trustee pursuant to Section 2.04 of this Indenture Supplement shall be
transferred to the beneficial owners thereof in the form of Certificated Notes
in an aggregate principal amount equal to the principal amount of such Global
Note, in exchange for such Global Note, only if such transfer complies with
Section 305 of the Original Indenture and Section 4.03 of this Indenture
Supplement and (i) the Company notifies the Trustee that the Depositary is no
longer willing or able to act as a depositary or clearing system for the Notes
or the Depositary ceases to be a "clearing agency" registered under the Exchange
Act, and a successor depositary or clearing system is not appointed by the
Company within 90 days of such notice or cessation, (ii) upon the occurrence and
continuation of an Event of Default, or (iii) the Company, in its sole
discretion, notifies the Trustee in writing that it elects to cause the issuance
of Certificated Notes under the Indenture rather than have the Notes represented
by a Global Security.

                                       6
<PAGE>

      (b) Any Global Note that is transferable to the beneficial owners thereof
pursuant to this Section 4.02 shall be surrendered by the Depositary to the
Trustee, to be so transferred, in whole or from time to time in part, without
charge, and the Trustee shall authenticate and deliver, upon such transfer of
each portion of such Global Note, an equal aggregate principal amount of
Certificated Notes of authorized denominations. Any portion of a Global Note
transferred pursuant to this Section 4.02 shall be executed, authenticated and
delivered only in denominations of $1,000 of principal amount and any integral
multiple thereof and registered in such names as the Depositary shall direct.

      (c) The registered Holder of a Global Note may grant proxies and otherwise
authorize any Person, including holders of beneficial interests, to take any
action which a Holder is entitled to take under the Indenture or the Notes.

      (d) In the event of the occurrence of any of the events specified in
Section 4.02(a)(i), (ii) or (iii) of this Indenture Supplement, the Company will
promptly make available to the Trustee a reasonable supply of Certificated Notes
in fully registered form without interest coupons.

      SECTION 4.03. Transfer and Exchange.

      (a) Transfer and Exchange of Certificated Notes. When Certificated Notes
are presented to the Company's registrar with respect to the Notes (the
"Registrar") with a request:

            (i) to register the transfer of such Certificated Notes; or

            (ii) to exchange such Certificated Notes for an equal principal
      amount of Certificated Notes of other authorized denominations, the
      Registrar shall register the transfer or make the exchange as requested if
      its reasonable requirements for such transaction are met; provided,
      however, that the Certificated Notes surrendered for transfer or exchange:

                  (A) shall be duly endorsed or accompanied by a written
            instrument of transfer in form reasonably satisfactory to the
            Company and the Registrar, duly executed by the Holder thereof or
            his attorney duly authorized in writing; and

                  (B) are accompanied by the following additional information
            and documents, as applicable:

                        (x) if such Certificated Notes are being delivered to
                  the Registrar by a Holder for registration in the name of such
                  Holder, without transfer, a certification from such Holder to
                  that effect (in the form set forth on the reverse side of the
                  Note); or

                        (y) if such Certificated Notes are being transferred to
                  the Company, a certification to that effect (in the form set
                  forth on the reverse side of the Note).

                                       7
<PAGE>

      (b) Restrictions on Transfer of a Certificated Note for a Beneficial
Interest in a Global Note. A Certificated Note may not be exchanged for a
beneficial interest in a Global Note except upon satisfaction of the
requirements set forth below. Upon receipt by the Trustee of a Certificated
Note, duly endorsed or accompanied by a written instrument of transfer in form
reasonably satisfactory to the Company and the Registrar, together with written
instructions directing the Trustee to make, or to direct the Trustee to make, an
adjustment on its books and records with respect to such Global Note to reflect
an increase in the aggregate principal amount of the Notes represented by the
Global Note, such instructions to contain information regarding the Depositary
account to be credited with such increase, then the Trustee shall cancel such
Certificated Note and cause, or direct the Trustee to cause, in accordance with
the standing instructions and procedures existing between the Depositary and the
Trustee, the aggregate principal amount of Notes represented by the Global Note
to be increased by the aggregate principal amount of the Certificated Note to be
exchanged and shall credit or cause to be credited to the account of the Person
specified in such instructions a beneficial interest in the Global Note equal to
the principal amount of the Certificated Note so canceled. If no Global Notes
are then outstanding and the Global Note has not been previously exchanged for
Certificated Notes pursuant to Section 4.02 of this Indenture Supplement, the
Company shall issue and the Trustee shall authenticate, upon written order of
the Company in the form of an Officers' Certificate, a new Global Note in the
appropriate principal amount.

      (c) Transfer and Exchange of Global Notes.

            (i) The transfer and exchange of Global Notes or beneficial
      interests therein shall be effected through the Depositary, in accordance
      with this Indenture Supplement (including applicable restrictions on
      transfer set forth herein, if any) and the procedures of the Depositary
      therefor. A transferor of a beneficial interest in a Global Note shall
      deliver a written order given in accordance with the Depositary's
      procedures containing information regarding the participant account of the
      Depositary to be credited with a beneficial interest in such Global Note
      or another Global Note and such account shall be credited in accordance
      with such order with a beneficial interest in the applicable Global Note
      and the account of the Person making the transfer shall be debited by an
      amount equal to the beneficial interest in the Global Note being
      transferred.

            (ii) If the proposed transfer is a transfer of a beneficial interest
      in one Global Note to a beneficial interest in another Global Note, the
      Registrar shall reflect on its books and records the date and an increase
      in the principal amount of the Global Note to which such interest is being
      transferred in an amount equal to the principal amount of the interest to
      be so transferred, and the Registrar shall reflect on its books and
      records the date and a corresponding decrease in the principal amount of
      Global Note from which such interest is being transferred.

            (iii) Notwithstanding any other provisions of this Indenture
      Supplement (other than the provisions set forth in Section 4.02 of this
      Indenture Supplement), a Global Note may not be transferred as a whole
      except by the Depositary to a nominee of the Depositary or by a nominee of
      the Depositary to the Depositary or another nominee of the Depositary or
      by the Depositary or any such nominee to a successor Depositary or a
      nominee of such successor Depositary.

                                       8
<PAGE>

      (d) Cancellation or Adjustment of Global Note. At such time as all
beneficial interests in a Global Note have either been exchanged for
Certificated Notes, transferred, redeemed, repurchased or canceled, such Global
Note shall be returned by the Depositary to the Trustee for cancellation or
retained and canceled by the Trustee. At any time prior to such cancellation, if
any beneficial interest in a Global Note is exchanged for Certificated Notes,
transferred in exchange for an interest in another Global Note, redeemed,
repurchased or canceled, the principal amount of Notes represented by such
Global Note shall be reduced and an adjustment shall be made on the books and
records of the Trustee (if it is then the custodian for such Global Note) with
respect to such Global Note, by the Trustee or the custodian, to reflect such
reduction.

      (e) Obligations with Respect to Transfers of Notes.

            (i) To permit registrations of transfers and exchanges, the Company
      shall execute and the Trustee shall authenticate, Certificated Notes and
      Global Notes at the Registrar's request.

            (ii) No service charge shall be made for any registration of
      transfer or exchange, but the Company may require payment of a sum
      sufficient to cover any transfer tax, assessments, or similar governmental
      charge payable in connection therewith (other than any such transfer
      taxes, assessments or similar governmental charge payable upon exchange or
      transfer pursuant to Sections 906, 1107 and 1305 of the Indenture).

            (iii) Prior to the due presentation for registration of transfer of
      any Note, the Company, the Trustee, the Paying Agent or the Registrar may
      deem and treat the Person in whose name a Note is registered as the
      absolute owner of such Note for the purpose of receiving payment of
      principal of and interest on such Note and for all other purposes
      whatsoever, whether or not such Note is overdue, and none of the Company,
      the Trustee, the Paying Agent or the Registrar shall be affected by notice
      to the contrary.

            (iv) The Company shall not be required to make and the Registrar
      need not register transfers or exchanges of Notes selected for redemption
      (except, in the case of Notes to be redeemed in part, the portion thereof
      not to be redeemed) or any Notes for a period of 15 days before the
      mailing of a notice of redemption of Notes to be redeemed.

            (v) All Notes issued upon any transfer or exchange pursuant to the
      terms of this Indenture Supplement shall evidence the same debt and shall
      be entitled to the same benefits under the Indenture as the Notes
      surrendered upon such transfer or exchange.

      (f) No Obligation of the Trustee.

            (i) The Trustee shall have no responsibility or obligation to any
      beneficial owner of a Global Note, a member of, or a participant in the
      Depositary or any other Person with respect to the accuracy of the records
      of the Depositary or its nominee or of any participant or member thereof,
      with respect to any ownership interest in the Notes or with respect to the
      delivery to any participant, member, beneficial owner or other Person
      (other than the Depositary) of any notice (including any notice of
      redemption or repurchase) or the payment of any amount, under or with
      respect to such Notes. All

                                       9
<PAGE>

      notices and communications to be given to the Holders and all payments to
      be made to Holders under the Notes shall be given or made only to the
      registered Holders (which shall be the Depositary or its nominee in the
      case of a Global Note). The rights of beneficial owners in any Global Note
      shall be exercised only through the Depositary subject to the applicable
      rules and procedures of the Depositary. The Trustee may rely and shall be
      fully protected in relying upon information furnished by the Depositary
      with respect to its members, participants and any beneficial owners.

            (ii) The Trustee shall have no obligation or duty to monitor,
      determine or inquire as to compliance with any restrictions on transfer
      imposed under this Indenture Supplement or under applicable law with
      respect to any transfer of any interest in any Security (including any
      transfers between or among Depositary participants, members or beneficial
      owners in any Global Note) other than to require delivery of such
      certificates and other documentation or evidence as are expressly required
      by, and to do so if and when expressly required by, the terms of this
      Indenture Supplement, and to examine the same to determine substantial
      compliance as to form with the express requirements hereof.

                                    ARTICLE V

                                  MISCELLANEOUS

      SECTION 5.01. Ratification. This Indenture Supplement shall be deemed part
of the Indenture in the manner and to the extent herein provided. Except as
expressly amended hereby, the Indenture is in all respects ratified and
confirmed and all the terms, conditions and provisions thereof shall remain in
full force and effect.

      SECTION 5.02. Counterparts. This Indenture Supplement may be executed in
any number of counterparts, each of which so executed shall be deemed an
original, but all of such counterparts shall together constitute but one and the
same instrument.

      SECTION 5.03. Governing Law. This Indenture supplement shall be governed
by and construed in accordance with the laws of the State of New York, without
regard to the principles of conflicts of laws.

      SECTION 5.04. Trustee. The Trustee makes no representation as to the
validity or sufficiency of this Indenture Supplement. The recitals contained
herein shall be taken as the statements of the Company and the Trustee assumes
no responsibility for their correctness.

                                      10
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed, and their respective corporate seals to be
hereunto affixed and attested, all as of the day and year first above written.

                                             PULTE HOMES, INC.

[SEAL]                                       By: __________________________
                                                 Name: Bruce E. Robinson
                                                 Title: Vice President and
                                                        Treasurer

Attest:

By: ____________________________
    Name: John R. Stoller
    Title: Senior Vice President, General
           Counsel and Secretary

                                      11
<PAGE>

STATE OF MICHIGAN       )
                        :   ss.:
COUNTY OF OAKLAND       )

      On the ______ of July, 2004, before me personally came Bruce E. Robinson,
to me known, who, being by me duly sworn, did depose and say that he is Vice
President and Treasurer of PULTE HOMES, INC. one of the corporations described
in and which executed the foregoing instrument; that he knows the seal of said
corporation; that the seal affixed to said instrument is such corporate seal;
that it was so affixed by authority of the Board of Directors of said
corporation, and that he signed his name thereto by like authority.

      ______________________
      Notary Public

                                      12
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed, and their respective corporate seals to be
hereunto affixed and attested, all as of the day and year first above written.

                                       PULTE HOMES, INC.


[SEAL]                                 By: __________________________
                                           Name:
                                           Title:

Attest:

By: __________________________
    Name:
    Title:

                                       J.P. MORGAN TRUST COMPANY, NATIONAL
                                       ASSOCIATION

[SEAL]                                 By: __________________________
                                           Name:
                                           Title:

Attest:

By: ______________________________
    Name:
    Title:

                                      13
<PAGE>

STATE OF MICHIGAN          )
                           :           ss.:
COUNTY OF WAYNE            )

      On the _____ of July, 2004, before me personally came_________ , to me
known, who being by me duly sworn, did depose and say that he or she is________
J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION, one of the corporations
described in and which executed the foregoing instrument; that he or she knows
the seal of said corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by authority of the Board of Directors of
said corporation, and that he or she signed his or her name thereto by like
authority.

      _______________
      Notary Public

                                                                       EXHIBIT A

                                  FORM OF NOTE

      Each Global Note shall bear a legend substantially in the form set forth
in this paragraph and substantially in the form set forth in the next succeeding
paragraph (collectively, the "Global Securities Legend"). Unless this
certificate is presented by an authorized representative of The Depository Trust
Company, a New York corporation ("DTC"), to the Company or its agent for
registration of transfer, exchange or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as is requested by an
authorized representative of DTC (and any payment hereon is made to Cede & Co.
or to such other entity as is requested by an authorized representative of DTC),
ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an
interest herein.

      This Security is a Global Security within the meaning of the Indenture
hereinafter referred to and is registered in the name of a Depositary or a
nominee of the Depositary. This Security is exchangeable for Securities
registered in the name of a Person other than the Depositary or its nominee only
in the limited circumstances described in the Indenture, and no transfer of this
Security (other than a transfer of this Security as a whole by the Depositary to
a nominee of the Depositary or by a nominee of the Depositary to the Depositary
or another nominee of the Depositary) may be registered except in such limited
circumstances.

                                      14
<PAGE>

                                PULTE HOMES, INC.

                          4.875% SENIOR NOTES DUE 2009

$400,000,000                                              CUSIP No. 745867 AR 2

No. G-1

      PULTE HOMES, INC., a corporation. duly organized and existing under the
laws of Michigan (herein called the "Company", which term includes any successor
Person under the Indenture referred to below), for value received, hereby
promises to pay to Cede & Co., c/o Depository Trust Company, 55 Water Street,
New York, New York 10041, or registered assigns, the principal sum indicated on
Schedule A hereto on July 15, 2009 and to pay interest thereon from January 15,
2005, or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually in arrears on January 15 and July 15 in
each year, commencing on January 15, 2005, at the rate of 4.875% per annum,
until the principal hereof is paid or made available for payment and (to the
extent that the payment of such interest shall be legally enforceable) at the
same rate per annum on any overdue principal and premium, if any, and on any
overdue installment of interest. The interest so payable, and punctually paid or
duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be January 1 or July 1 (whether or
not a Business Day), as the case may be, next preceding such Interest Payment
Date. Except as otherwise provided in the Indenture, any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Securities of this series not less than 10 days prior to such Special Record
Date, or be paid at any time in any other lawful manner not inconsistent with
the requirements of any securities exchange on which the Securities of this
series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Payment of the principal of (and
premium, if any) and interest on this Security will be made at the office or
agency of the Company maintained for that purpose in the Borough of Manhattan,
The City of New York, in such coin or currency of the United States of America
as at the time of payment is legal tender for payment of public and private
debts; provided, however, that at the option of the Company, payment of interest
may be made by United States dollar check mailed to the address of the Person
entitled thereto as such address shall appear in the Security Register or by
wire transfer to an account maintained by the payee with a bank located in the
United States.

      The payment of, and any premium and interest on, the Notes shall not be
determined with reference to any index or formula.

      Payments of interest hereon with respect to any Interest Payment Date will
include interest accrued to but excluding such Interest Payment Date. Interest
on this Security shall be computed on the basis of a 360-day year of twelve
30-day months.

                                      15
<PAGE>

      This Security is a Global Security within the meaning of the Indenture and
is registered in the name of the Depositary for this series of Securities or a
nominee of the Depositary. Subject to the terms of the Indenture, beneficial
interests in this Security shall be held through the book-entry facilities of
the Depositary, and such beneficial interests shall be held in minimum
denominations of $1,000 and integral multiples thereof. As long as this Security
is registered in the name of a Depositary or its nominee, the Company will make,
or will cause the Trustee to make, payments of principal of and premium, if any,
and interest on this Security by wire transfer of immediately available funds to
such Depositary or its nominee. Notwithstanding the above, the final payment on
this Security will be made only upon presentation and surrender of this Security
at an office or agency maintained by the Company for that purpose in any Place
of Payment for the Securities of this series.

      This Security is one of a duly authorized issue of securities of the
Company (hereinafter called the "Securities"), issued and to be issued in one or
more series under an Indenture, dated as of October 24, 1995 (as amended by the
Indenture Supplement dated as of August 27, 1997, the Indenture Supplement dated
as of March 20, 1998, the Indenture Supplement dated as of January 31, 1999, two
Indenture Supplements each dated as of April 3, 2000, the Indenture Supplement
dated as of February 21, 2001, the Indenture Supplement dated July 31, 2001, the
Indenture Supplement dated August 6, 2001, the Indenture Supplement dated June
12, 2002, the

      Indenture Supplement dated February 3, 2003, the Indenture Supplement
dated as of May 22, 2003, the Indenture Supplement dated as of January 16, 2004
and the Indenture Supplement dated as of the date hereof (the "July 2004
Indenture Supplement"), (as so amended, the "Indenture"), each between the
Company and J. P. Morgan Trust Company, National Association, as Trustee (herein
called the "Trustee", which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto reference
is hereby made for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of
the Securities and of the terms upon which the Securities are, and are to be,
authenticated and delivered. This Security is one of the series designated on
the face hereof, initially limited in aggregate principal amount to
$400,000,000; provided that the aggregate principal amount of the Securities of
this series which may be outstanding may be increased by the Company upon the
terms and subject to the conditions set forth in the July 2004 Indenture
Supplement. The Securities of this series are issuable only in registered form,
without coupons, in the denominations specified in the July 2004 Indenture
Supplement. As provided in the Indenture and subject to certain limitations
therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the
same.

      This Security is not entitled to the benefit of a sinking fund or
mandatory redemption provisions.

      If an Event of Default with respect to the Securities shall occur and be
continuing, the principal amount of all the Securities may be declared due and
payable in the manner and with the effect provided in the Indenture.

                                      16
<PAGE>

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities at any time by the
Company and the Trustee with the consent of the Holders of a majority in
principal amount of the Outstanding Securities. The Indenture also contains
provisions permitting the Holders of specified percentages in principal amount
of the Outstanding Securities, on behalf of the Holders of all Securities, to
waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.

      As set forth in, and subject to the provisions of, the Indenture, no
Holder of any Security will have any right to institute any proceeding with
respect to the Indenture or for any remedy thereunder, unless such Holder shall
have previously given to the Trustee written notice of a continuing Event of
Default with respect to this series, the Holders of not less than 25% in
principal amount of the Outstanding Securities shall have made written request,
and offered reasonable indemnity, to the Trustee to institute such proceeding as
trustee, and the Trustee shall not have received from the Holders of a majority
in principal amount of the Outstanding Securities a direction inconsistent with
such request and shall have failed to institute such proceeding within 60 days;
provided, however, that such limitations do not apply to a suit instituted by
the Holder hereof for the enforcement of payment of the principal of (or
premium, if any) or interest on this Security on or after the respective due
dates expressed herein.

      No reference herein to the Indenture and no provision of this Security or
of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of (and premium, if any) and
interest on this Security at the times, place and rate, and in the coin or
currency, herein prescribed.

      As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable in the Security
Register, upon surrender of this Security for registration of transfer at the
office or agency of the Company in any place where the principal of (and
premium, if any) and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one or more new
Securities of this series and of like tenor, of authorized denominations and for
the same aggregate principal amount, will be issued to the designated transferee
or transferees.

      No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

      Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security is

                                      17
<PAGE>

overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.

      In the event of any Change in Control Triggering Event in respect of the
Company occurring on or prior to maturity of the Securities, each Holder of
Securities will have the right, at the Holder's option, subject to the terms of
the Indenture, to require the Company to purchase all or any part (provided that
the principal amount is $1,000 or an integral multiple thereof) of such Holder's
Securities on the date that is 30 days after such Change in Control Triggering
Event (the "Change in Control Purchase Date") at a cash price equal to the
principal amount thereof plus accrued interest to the Change in Control Purchase
Date.

      The Indenture and the Securities shall be governed by and construed in
accordance with the laws of the State of New York.

      All terms used in this Security which are defined in the July 2004
Indenture Supplement shall have the meanings assigned to them in the July 2004
Indenture Supplement and all other terms used in this Security and defined
elsewhere in the Indenture shall have the meanings assigned to them therein.

      Unless the certificate of authentication hereon has been executed by the
Trustee referred to below, directly or through an Authenticating Agent, by
manual signature of an authorized signatory, this Security shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

                            [SIGNATURE PAGE FOLLOWS]

                                      18
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

                                       PULTE HOMES, INC.

[SEAL]                                 By:________________________
                                       Name: John R. Stoller
                                       Title: Senior Vice President, General
                                              Counsel and Secretary

Attest:

By: _________________________
Name:  Bruce E. Robinson
Title: Vice President and Treasurer

Dated: July 9, 2004

                     TRUSTEE'S CERTIFICATE OF AUTHENTICATION

      This is one of the Securities of the series designated herein referred to
in the within-mentioned Indenture.

                                       J.P. MORGAN TRUST COMPANY, NATIONAL
                                       ASSOCIATION
                                              as Trustee

                                       By: __________________________
                                           Authorized Signature

                                      19
<PAGE>

                                  ABBREVIATIONS

      The following abbreviations, when used in the inscription above, shall be
construed as though they were written out in full according to applicable laws
or regulations:

      TEN COM    --    as tenants in common

      TEN ENT    --    as tenants by the entireties

      JT TEN     --    as joint tenants with right of survivorship and not
                       as tenants in common

      UNIF GIFT MIN ACT  --    ____________________Custodian ___________________
                                      (Cust)                       (Minor)

                                           under the Uniform Gifts to Minors Act

                                        ________________________________________
                                                     (State)

      Additional abbreviations may also be used though not in the above list.

                                   ASSIGNMENT

      FOR VALUE RECEIVED, the undersigned registered holder(s) hereby sell(s),
assign(s) and transfer(s) unto ________________________

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE___________
________________________________________________________________________________
________________________________________________________________________________
      (Please Print or Typewrite Name and Address Including Postal Zip Code of
                                      Assignee)

________________________________________________________________________________
the within Security and all rights thereunder, and hereby irrevocably
                          constitute(s) and appoint(s)

________________________________________________________________________________
attorney to transfer said Security on the books of the Company, with full power
of substitution in the premises.

                                      20
<PAGE>

Dated: _________________
Signature Guaranteed:

                        __________________              ___________________

      NOTICE: The signature(s) to this assignment must correspond with the
name(s) as written upon the within instrument in every particular, without
alteration or enlargement or any change whatever. The signature(s) must be
guaranteed by an eligible guarantor institution with membership in an approved
signature guarantee "medallion" program pursuant to Commission Rule 17Ad-15.

                                      21
<PAGE>

                                    GUARANTEE

      For value received, each of the undersigned hereby irrevocably and
unconditionally guarantees, jointly and severally, on a senior basis to the
Holder of this Security and to the Trustee, on behalf of the Holder, (i) the due
and punctual payment of the principal of, premium, if any, and interest on this
Security, when and as the same shall become due and payable, whether at Stated
Maturity, purchase upon Change in Control Triggering Event, by declaration of
acceleration or otherwise, the due and punctual payment of interest on the
overdue principal of, premium, if any, and interest, if any, on this Security,
to the extent lawful, and the due and punctual performance of all other
obligations of the Company to the Holder of this Security or the Trustee all in
accordance with the terms of this Security and the Indenture and (ii) in the
case of any extension of time of payment or renewal of this Security or any of
such other obligations, that the same will be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, at Stated
Maturity, purchase upon Change in Control Triggering Event, by declaration of
acceleration or otherwise (the obligations in clauses (i) and (ii) hereof being
the "Guaranteed Obligations"). This Guarantee will not be valid or obligatory
for any purpose until the Trustee duly executes the certificate of
authentication on the Security upon which this Guarantee is endorsed.

Dated: July 9, 2004

                                        The Guarantors listed on the attached
                                        Exhibit A (except for those listed
                                        below)

                                        By: __________________________
                                            Name: John R. Stoller
                                            Title: Senior Vice President,
                                                   General Counsel and Secretary

Attest:

By:
Name: Bruce E. Robinson
Title: Vice President and Treasurer

                  [signatures continued on the following page]

                                      22
<PAGE>

                                         DEL WEBB GOLF CORP.

                                         By: _________________________
                                             Name: Patricia Fairfield, Secretary
                                             Title:

STATE OF:           )
             ss.:
COUNTY OF:          )

      On the 9th of July, 2004, before me personally came Patricia Fairfield, to
me known, who, being by me duly sworn, did depose and say that she is Secretary
of Del Webb Golf Corp. one of the corporations described in and which executed
the foregoing instrument; that she knows the seal of said corporation; that the
seal affixed to said instrument is such corporate seal; that it was so affixed
by authority of the Board of Directors of said corporation, and that she signed
her name thereto by like authority.

      Notary Public July 9, 2004

                                      23
<PAGE>

                             EXHIBIT A TO GUARANTEE

ABACOA HOMES, INC.
AMERICAN TITLE OF THE PALM BEACHES CORPORATION
ANTHEM ARIZONA L.L.C.
ASSET FIVE CORP.
ASSET SEVEN CORP.
CARR'S GRANT, L.L.C.
DEL E. WEBB FOOTHILLS CORPORATION
DEL WEBB CALIFORNIA CORP.
DEL WEBB COMMUNITIES, INC.
DEL WEBB COMMUNITIES OF ILLINOIS, INC.
DEL WEBB CORPORATION
DEL WEBB GOLF CORP.
DEL WEBB HOME CONSTRUCTION, INC.
DEL WEBB LIMITED HOLDING CO.
DEL WEBB SOUTHWEST CO.
DEL WEBB TEXAS LIMITED PARTNERSHIP
DEL WEBB'S COVENTRY HOMES CONSTRUCTION CO.
DEL WEBB'S COVENTRY HOMES, INC.
DEL WEBB'S COVENTRY HOMES OF NEVADA, INC.
DEL WEBB'S SPRUCE CREEK COMMUNITIES, INC.
DEL WEBB'S SUNFLOWER OF TUCSON, INC.
DEVTEX LAND, L.P.
DIVOSTA BUILDING CORPORATION
DIVOSTA HOMES, L.P.
DIVOSTA HOME SALES, INC.
FLORIDA BUILDING PRODUCTS, INC.
FLORIDA CLUB HOMES, INC.
HARRISON HILLS, LLC
ISLAND WALK DEVELOPMENT COMPANY
ONE WILLOWBROOK L.L.C.
PB VENTURE L.L.C.
PBW CORPORATION
PC/BRE DEVELOPMENT L.L.C.
PC/BRE SPRINGFIELD L.L.C.
PC/BRE VENTURE L.L.C.
PC/BRE WHITNEY OAKS L.L.C.
PC/BRE WINFIELD L.L.C.
PHI CORPORATION
PH2 CORPORATION
PH3 CORPORATION
PH4 CORPORATION
PHT BUILDING MATERIALS LIMITED PARTNERSHIP
PN I, INC.
PN II, INC.
PRATTE ACQUISITION, LLC

                                      24
<PAGE>

PULTE COMMUNITIES NJ, LIMITED PARTNERSHIP
PULTE DEVELOPMENT CORPORATION
PULTE HOME CORPORATION
PULTE HOME CORPORATION OF THE DELAWARE VALLEY
PULTE HOMES OF GREATER KANSAS CITY, INC.
 PULTE HOMES OF MICHIGAN LLC
PULTE HOMES OF MICHIGAN I LIMITED PARTNERSHIP
PULTE HOMES OF MINNESOTA CORPORATION
PULTE HOMES OF NEW ENGLAND LLC
 PULTE HOMES OF NEW MEXICO, INC.
PULTE HOMES OF NEW YORK, INC.
PULTE HOMES OF NJ, LIMITED PARTNERSHIP
PULTE HOMES OF OHIO LLC
PULTE HOMES OF PA, LIMITED PARTNERSHIP
PULTE HOMES OF TEXAS, L.P.
PULTE HOMES TENNESSEE LIMITED PARTNERSHIP
PULTE-IN CORPORATION
PULTE LAND COMPANY, LLC
PULTE LAND DEVELOPMENT CORPORATION
PULTE LIFESTYLE COMMUNITIES, INC.
PULTE MICHIGAN HOLDINGS CORPORATION
PULTE MICHIGAN SERVICES, LLC
PULTE PAYROLL CORPORATION
PULTE REALTY CORPORATION
RADNOR HOMES, INC.
RIVERWALK OF THE PALM BEACHES DEVELOPMENT COMPANY, INC.
RN ACQUISITION 2 CORP.
SEAN/ CHRISTOPHER HOMES, INC.
TERRAVITA CORP.
TERRAVITA HOME CONSTRUCTION CO.
VILLAGE WALK DEVELOPMENT COMPANY, INC.
WIL CORPORATION
WILBEN, LLLP

                                      25
<PAGE>

                                   SCHEDULE A

      The initial principal amount of this Global Security is $400,000,000. The
following increases or decreases in the principal amount of this Global Security
have been made:

<TABLE>
<CAPTION>

               AMOUNT OF INCREASE IN     AMOUNT OF DECREASE IN    PRINCIPAL AMOUNT OF
                    PRINCIPAL                  PRINCIPAL         THIS GLOBAL SECURITY
                  AMOUNT OF THIS            AMOUNT OF THIS         FOLLOWING SUCH        SIGNATURE OF AUTHORIZED
DATE MADE        GLOBAL SECURITY           GLOBAL SECURITY       DECREASE OR INCREASE      SIGNATORY OF TRUSTEE
---------      ---------------------    ---------------------    --------------------    -----------------------
<S>            <C>                      <C>                      <C>                     <C>
---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------

---------      ---------------------    ---------------------    --------------------    -----------------------
</TABLE>

                                       26