Pulte and Centex shareholders are voted on a merger yesterday.
I expect that we will see more of this as the residential builders seek to stay afloat the next few years. Most of the smaller guys are going belly up already.
Think about what is most likely on our doorstep though. Extreme interest rates. I would imagine that we can expect the development industry to face times which are remarkably similar to the 1980’s. Consolidation may be the only route to survival for many of these companies. This Pulte Centex merger might be a good stock to watch for a bottom in. They can always adapt to a new market, assuming they survive the current one.
