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Centex Snapshot
As everyone knows, "location, location, location" are key elements in real estate, so Centex Homes doesn't limit itself to just Texas. The company, the main homebuilding subsidiary of Centex Corporation, builds in nearly 700 neighborhoods in some 80 markets in more than two dozen states, operating most heavily in the South Central, Southeast, and Mid-Atlantic regions. It is one of the largest homebuilders in the US, building some 27,000 homes annually. The homebuilder's houses range in price from about $65,000 to $3 million; its homes average about $277,000. Brand names include Centex, Fox & Jacobs, and CityHomes. Rival Pulte Homes is buying Centex for $1.3 billion in stock.
