Centex

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Centex (NYSE: CTX) is a Nevada corporation that began trading publicly in 1969. Since the company’s founding in 1950 as a Dallas-based residential construction company, it has evolved into a company whose principal operations are focused on residential and commercial construction and related activities, including mortgage financing. As of March 31, 2006, its subsidiary companies operated in three principal business segments: Home Building, Financial Services, and Construction Services.

Home Building’s operations currently involve the purchase and development of land or lots and the construction and sale of detached and attached single-family homes (including resort and second home properties and lots) and land or lots. The company has participated in the homebuilding business since 1950 and, in 2005, is the 4th largest homebuilder in the U.S., based on the total number of closings.

Financial Services’ operations consist primarily of mortgage lending, title agency services, and the sale of title insurance and other insurance products. These activities include mortgage origination, servicing, and other related services for homes sold by its subsidiaries and others. The company has been in the mortgage lending business since 1973.

Construction Services’ operations involve the construction of buildings for both private and government interests, including educational institutions, hospitals, multi-unit residential buildings, correctional institutions, airport facilities, office buildings, hotels and resorts, and sports facilities. Centex entered the Construction Services business in 1966 by acquiring a Dallas-based contractor that had been in business since 1936.

In September 2005, the company sold its international homebuilding operations to an unrelated third party. Then, on March 30, 2006, it announced that its definitive agreement to sell its sub-prime home equity lending operations, Home Equity, to an affiliate of Fortress Investment Group LLC.

In the 2006 fiscal year, it operated in 25 states and the District of Columbia and delivered 39,232 homes.Two of centex's biggest Companies are Fox And Jacobs Home Builders And The Jones Company Home Builders