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Mish's Global Economic Trend Analys (Free subscription) | 28/08/2008
When you buy a house in the middle of a desert it's best to make sure you have a supply of water. In this case, Centex is allegedly not honoring a promise to provide "brown water". Please consider Centex pullout may leave Liberty Ranch high and dry . The 60 or so homeowners in Centex Corp.’s Liberty Ranch subdivision are concerned they won’t be able to water their lawns in the spring. Centex has announced...
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Denver Post (Free subscription) | 12/08/2008
Dallas-based homebuilder Centex will pull out of Colorado next spring, becoming the third big-name homebuilder to cease operations here.
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The Dallas Business Journal (Free subscription) | 11/08/2008
Home builder Centex Homes is expected to close its Colorado operations by the spring of 2009, according to The Genesis Group real estate research firm of Englewood, Colorado. (CTX) (CTX)
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The Denver Business Journal (Free subscription) | 11/08/2008
Centex Homes of Dallas is expected to close its Colorado operations by the spring of 2009, according to The Genesis Group real estate research firm of Englewood. (CTX)
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WorkAtHome (Free subscription) | 01/08/2008
Wall Street Journal Blogs Monthly Archive - July 2008Wall Street Journal Blogs, NY - 7 hours ago“Ultimately, financial matters are personal and we work to respect the privacy of the families.” A Centex home in Chino, Calif. (photo via Centexhomes.com) …Working Hard on Fun Washington PostHousing Crisis: Can you afford it? Seattle Post IntelligencerExtreme home foreclosure: House built [...]
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Market Watch (Free subscription) | 30/07/2008
The chief executive of one of the nation's largest home builders says a package signed into law on Wednesday could stimulate some areas of the downtrodden housing market, but adds he's not banking on a recovery this year.
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The Sacramento Business Journal (Free subscription) | 30/07/2008
Centex Corp., the Sacramento area's largest homebuilder, reported a loss of $150 million as revenue declined almost $800 million during its fiscal first quarter. (CTX)
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SignalBlog (Free subscription) | 30/07/2008
Centex Corp. Chief Executive Timothy Eller says he expects negative economic conditions to continue to erode consumer confidence at least into next year, dampening prospects for an improved housing market. Eller told Wall Street analysts on Wednesday that weak U.S. employment growth and rising foreclosures, energy costs and mortgage interest rates eroded consumer confidence and hurt [...]
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Market Watch (Free subscription) | 30/07/2008
BOSTON (MarketWatch) -- Centex Corp. Chief Executive Tim Eller during a conference call Wednesday said the housing market worsened during the June quarter "and we don't see any improvements in market conditions the remainder of this fiscal year." The home-builder CEO said foreclosures are rising "dramatically" in most markets while employment growth is slowing. "Mortgage interest rates are on the...
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Market Watch (Free subscription) | 30/07/2008
BOSTON (MarketWatch) -- Shares of Centex Corp. gained more than 5% early Wednesday after the company reported a quarterly loss but analysts found bright spots in the builder's cash flows and lower impairment charges. "Now that Centex has $1.24 billion in cash on its balance sheet, the urgency to harvest assets through land sales, divestitures and aggressive pricing has diminished," said Deutsche Bank...
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The Triangle Business Journal (Free subscription) | 30/07/2008
Centex Corp. posted a net loss of $150 million, or $1.21 per share, on revenues of $1.13 billion for its fiscal first fiscal of 2009. That’s up 17 percent from the same quarter last year, when the company recorded a loss of $128 million, or $1.05 cents per share, on revenues of $1.9 billion. (CTX)
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The Dallas Business Journal (Free subscription) | 30/07/2008
Centex Corp. posted a net loss of $150 million, or $1.21 per share, on revenues of $1.13 billion for its fiscal first fiscal of 2009. That’s up 17 percent from the same quarter last year, when the company recorded a loss of $128 million, or $1.05 cents per share, on revenues of $1.9 billion. (CTX)
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Dallas Morning News (Free subscription) | 29/07/2008
The big homebuilding company’s loss was greater than the $128 million recorded a year earlier. But the latest financial report was an improvement from the $910 million the company lost during the period ending March 31.
