"At Centex, we are used to taking advantages of these cycles ... . That's something we are used to doing," Timothy R. Eller told the audience at a presentation at the JPMorgan Homebuilding and Building Products Conference in Las Vegas on Tuesday evening. More
Tim Eller, Centex Corp. chairman and CEO, calls the changes in the mortgage market a "new challenge in affordability." By lowering prices as tighter lending standards make it tough for buyers to obtain loans, the Dallas-based big builder is essentially fighting fire with fire. More
A lack of confidence in the housing sector, a massive amount of unsold inventory, and the credit crunch continue to decimate big builders. Centex Corp. is no exception, reporting a hefty net loss, $644 million, for the second quarter. The Dallas-based builder released results from the period ending Sept. 30 shortly after the stock market closed on Tuesday. "Market conditions were extremely challenging during the quarter, reflecting the serious disruptions in the credit and mortgage markets that occurred during that period," said Tim Eller, Centex Corp. chairman and CEO, in a released statement. More
While BUILDER 100 companies' efforts to diversify across the country left some of them exposed to more faltering markets instead of insulating them against regional downturns, the same builders' access to capital, solid balance sheets, and the ability to lower prices once again allowed them to take market share from their smaller competitors. More
FROM HIS VACATION HOME amidst snow-covered pines in Telluride, Colo., Toll... More
While BUILDER 100 companies' efforts to diversify across the country left some of them exposed to more faltering markets instead of insulating them against regional downturns, the same builders' access to capital, solid balance sheets, and the ability to lower prices once again allowed them to take market share from their smaller competitors. More
While BUILDER 100 companies' efforts to diversify across the country left some of... More
CENTEXCORP. IS GOING THROUGH WHAT its CEO, Tim Eller, calls a “transition year” in 2006, in which the Dallas-based builder is moving forward with a flatter operational management structure that Eller believes will be a key element in his company's future growth and profitability. More
