Number Four ranked Pulte just pulled off a stock swap netting for itself #3 ranked Centex to become the new #1, overtaking long-time leader D. R. Horton who slipped to the new #2. Last year, Pulte and Centex combined closed 39,000 sales. To put it in perspective, that’s 150 homes per business day in the worst housing market since 1930!
What are we to think? At first blush, Wall Street Journal reported that the stock market smiled on the other large national public builders—Beazer,… Continue