Centex Exports

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 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. 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.