Centex Company Description
Home is at the heart of Centex Corporation. Its Centex Homes business is one of the top US homebuilders, along with D.R. Horton, Lennar, and Pulte Homes. Centex Homes has homebuilding operations in around 75 markets in more than 20 states. In fiscal 2008 the company sold more than 27, 000 homes for prices ranging from $65,000 to around $3 million. It builds for the first time, move-up, and luxury markets. The company also offers mortgages through CTX Mortgage. In the wake of the subprime mortgage crisis and residential construction downturn in 2007, Centex is moving away from holding onto a large inventory of raw land toward purchasing finished lots ready for construction.
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.
