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Established
in 1950 in Dallas, Texas, today Centex Corporation is the nation's premier
company in construction-related businesses: Home Building, Financial Services,
Contracting and Construction Services, and Construction Products. Centex,
through its subsidiaries, is the nation's largest producer of single-family
detached housing (Centex Homes), the second largest independent mortgage
originator (CTX Mortgage Company), the number one general building contractor
(Centex Construction Group), and also owns 49% of former subsidiary Centex
Construction Products, Inc. (NYSE: CXP), one of the largest U.S.-owned
cement producers. Centex is a "Fortune 500 company" and is touted
by Fortune magazine as one of America's "Most Admired Corporations."
Centex has annual revenues in excess of $3 billion and trades on the New
York Stock Exchange under the symbol "CTX." The company has approximately
6,000 full-time employees located in more than 600 offices and construction
job sites across the nation. |
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Centex's
Home Building operation, Centex Homes, is the nation's largest producer
of single-family detached housing and the only company to rank among the
country's top 10 home builders for every year of the past quarter century.
To date, the company has built nearly a quarter of a million houses. During
its most recent fiscal year, Centex built and sold just under 12,000 homes
and currently operates in 49 metropolitan markets in 20 states. Its homes,
primarily single-family units for both the first-time and move-up buyer,
range in price from $69,000 to $577,000 and have an average price of about
$163,900. |
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Centex's
Mortgage Banking operation, CTX Mortgage Company, with more than 130 offices
nationwide, is one of the two non-bank-affiliated companies listed among
the nation's top 25 retail mortgage originators. CTX provides mortgage
financing for both Centex home buyers and others. Nova Mortgage Credit
Corporation focuses on the second mortgage and home equity line of credit
businesses and also offers "B" and "C" mortgages for
people who have special credit needs. Commerce Land Title, Centex Escrow
Company, and Metropolitan Title and Guaranty Company provide title insurance
services, and CTX Insurance Agency offers homeowners auto, boat and umbrella
insurance services. |
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Centex
Construction Group is ranked by Engineering News Record as the nation's
#1 general building contractor. The Group also is one of the nation's leading
healthcare construction management firms, ranked #2 by Modern Healthcare
magazine. To date, the Group has completed about $15 billion of bid and
negotiated projects in both the public and private sectors, including some
of the country's most well-known structures. Centex Construction Group
divisions were designated winners of the National Excellence in Construction
Award by the Associated Builders and Contractors in 1991, 1992, 1994 and
1995. |
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Centex
Construction Products, Inc., which manufactures and distributes cement,
readymix concrete, aggregates and wallboard, is the nation's sixth largest
U.S.-owned cement producer. The company currently operates four cement
plants in Nevada, Wyoming, Texas and Illinois; aggregate and readymix operations
in Texas and California; and gypsum wallboard plants in the Albuquerque,
New Mexico area. |
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