Homebuilder Centex is pulling out of the Denver area.
Centex says it will end operations by the spring of 2009. The company has 10 developments from Castle Rock to Fort Collins The builder promises to finish all Denver homes that have been sold but not yet started and says it will continue to work on existing homes.
“Clearly, market conditions remain difficult, and we expect the housing industry correction to continue this year. We’re proud of the homes we’ve built here, but unfortunately it does not fit our long-term strategic objectives,” said Julie Callahan with Centex Corporate Communications.
Posted by: Jeffery McClintock
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