Pulte to Buy Centex Homes
Pulte Homes has agreed to buy Centex in a stock for stock deal that will create the largest home building company in the nation. Both builders have a strong presence in the Charlotte home building market. Centex currently has 20 neighborhoods in the Charlotte area and Pulte Homes currently lists 13 neighborhoods on their website.
It will be interesting to see how this deal will affect their Charlotte operations. Some of these neighborhoods are in direct competition with each other. Centex, currently building in Edenmoor/Millbridge on the NC/SC line is just minutes away from 2 Pulte neighborhoods, Belaire at Carolina Lakes and the Chimneys at Marvin.