Homebuilder Centex posts quarterly loss (Reuters)

Posted on Monday 30 April 2007

Houses are seen under construction in a file photo. Centex Corp., the fourth-largest U.S. home builder, on Monday reported a wider-than-expected quarterly loss as it scrambled to deal with the real-estate slowdown by selling off land that was decreasing in value and exiting the sub-prime lending and commercial contracting businesses. (Mike Blake/Reuters)Reuters - Centex Corp. , the nfourth-largest U.S. home builder, on Monday reported a nwider-than-expected quarterly loss as it scrambled to deal with nthe real-estate slowdown by selling off land that was ndecreasing in value and exiting the sub-prime lending and ncommercial contracting businesses.


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