Centex Homes

Photo Credit: Centex Homes

Photo Credit: Centex Homes

Centex was founded in Dallas, Texas in 1950 “with a simple premise: families of all sizes and at all stages should have access to quality homes at prices they can afford”; since, Centex has delivered more than 500,000 homes. The company is traded on the New York Stock Exchange under ticker symbol CTX and ranked #177 on Fortune’s 2008 list of America’s top 500 corporations.

Centex offers buyers homes from three brands: Centex Homes, Fox & Jacobs Homes and City Homes, and has operations accommodating consumers seeking mortgage, title and insurance services. As a home builder, Centex has ranked in the top three among builders on FORTUNE magazine’s list of “America’s Most Admired Companies” for a decade, and Professional Builder Magazine has placed Centex on the list of top 10 U.S. home builders for 40 years.

The Centex family of home builders builds new homes and communities in 22 states and the District of Columbia. In Centex’s 2008 fiscal year, they closed 27,202 homes ranging from $65 thousand to $3 million; the average sales price of these homes was $276,788. Centex builds single family, townhomes, condominiums, and luxury homes primarily for first time and move up buyers with a mission to “Build the best. The best homes. The best neighborhoods. The best communities. The best company.”

Quick Facts About Centex Homes

(12-months ending March 31, 2008; numbers are rounded)

  • C.E.O – Timothy R. Eller
  • Corporate Offices: Dallas, Texas
  • 2008 Revenue: 8.3 billion
  • 2007 Revenue: 11.8 billion
  • 2008 Earnings (loss): ($2.7 billion)
  • 2007 Earnings (loss): $268 million
  • 2008 home closings: 27,202
  • 2007 home closings: 35,785
  • Average sales price of a new home in 2008: $277,000
  • Reach: 22 states and 74 markets
  • Market Share: 4%
  • 2008 year-end cash balance: $1.47 billion

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Resources

Centex Homes
Centex Homes Annual Report
The Top 10 Builders for 2008 

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