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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (44379)	10/27/2005 9:16:01 PM
From: russwinter	Read Replies (2) of 110194

SPF 3Q highlights: revenue: 3Q: 936.7 2Q: 952.3 inventories: 3Q: 2.916.6 2Q: 2.539.4 cancellation rate: 3Q: 18% 2Q: 14% biz.yahoo.com Elsewhere: Centex Corp. offers discounts on certain homes Wed Oct 26, 2005 07:46 PM ET yahoo.reuters.com NEW YORK, Oct 26 (Reuters) - Centex Corp. (CTX.N: Quote, Profile, Research) on Wednesday said it is offering a 5 percent discount plus up to $20,000 in additional incentives on certain homes in its Atlanta market financed through its mortgage unit, CTX Mortgage. CTX Mortgage will also waive the 1 percent loan origination fee. The price breaks are good on certain homes that are marketed under the names Centex Homes and Fox & Jacobs. The offer requires the sales to close by Dec. 29. "It's not necessarily a sign of a problem there," said Avondale Partners analyst Barbara Allen. "It's just that they want to get some inventory through the system in a short time. We have not seen that in the last few years. That is the thing that's different."

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