Company Overview

The purpose of this paper is to provide an overview of two companies in the housing- industry, Centex Homes and KB Home. The information contained herein was obtained from the organization?s annual reports and act intelligence information was obtained from their respective web sites. We will up to now address social responsibility and ethics of the organizations evident in their annual reports in relation to maximizing sh areholder wealth. Since 1950 Centex Homes is verbalize to be the aboriginal business of Centex Corporation, and has been a major subscriber to the companionship?s overall growth success for niner consequent classs. Centex is the only homebuilder to rank among the Top 10 on Professional Builder?s ?Giant four deoxycytidine monophosphate? keep down each year since 1968, and is ranked issue sensation in its industry for Fortune magazine?s list of ?America?s Most Admired Companies?(www.centex.com). Centex Homes? primary break away is to obtain land incl uding lots, and to build dwellings for a targeted segment of customers who are seeking to purchase single-family detached homes, condominiums and town-homes. Customers include in the targeted stray are most often first-time home-buyers, those tone to buy-up, customers with active crowing lifestyles, build to custom homes on customer-owned lots, resorts and insurgent homes. The lodge?s home building operations in fiscal year 2005 reached record operating earnings of $1.

38 billion, which exceeded 2004 results by 43% (www.centex.com). In addition, during 2005 the company closed in excess of 33,000 homes with an av erage gross revenue price of $270,000. Furt! hermore, the company had a backlog of homes at the closing of fiscal accomplishment 2005 which had been sold to buyers but not hitherto delivered that that exceeded 2004 results by 21%. Centex Homes? goal is to become one of the swipe five homebuilders in the nation. Currently the company has achieved a inviolable presence in 38 of the Top 50 markets. If you necessity to get a full essay, order it on our website: OrderCustomPaper.com

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