Centex Company Description
Home is at the heart of Centex Corporation. One of the top US homebuilders, its Centex Homes business has homebuilding operations in around 75 markets in more than 20 states. In fiscal 2009 the company sold some 14,500 homes (about half of what it sold the year before) for prices ranging from $65,000 to around $3 million. It primarily builds for first-time buyers, as well as the move-up and luxury markets. The company also offers mortgages through CTX Mortgage. Rival Pulte Homes is buying Centex Corporation for some $1.3 billion, plus the assumption of approximately $1.8 billion in debt. The combined firm, which will retain the Pulte name, will be the largest homebuilder in the US.
View the Comprehensive Company Description for Centex
The Company Description provides a historical perspective of Centex's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Centex's evolution in the marketplace.
