Server: Microsoft-IIS/3.0 Date: Fri, 21 Nov 1997 01:59:27 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Tue, 29 Apr 1997 19:22:56 GMT Content-Length: 6571 About Centex Corp Page



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.

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.

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.


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.


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.


© Centex Corporation 1996
Updated: June 1, 1996