8:33 am on Thursday April 9, 2009
| Posted by Ken Hawkins
Massive home builders to merge
Image by Flickr user Image by 20090409-construction.jpg
Pulte Homes is planning to buy competing homebuilder Centex Corp. in a deal valued at $3.1 billion.
As you might expect, the companies are merging to help weather the downturn in the housing market.
While Pulte is a relative newcomer to Charleston, Centex has developed 21 Charleston communities.
The San Antonio Business Journal has a good write-up about the business angle of it, while The Post and Courier does a good job at talking about the local impact.