April 8, 2009
American Public Media's "Marketplace" interviewed Associate Professor Gary Painter about Pulte Homes buying rival homebuilder Centex. One advantage of the merger is that by cutting costs, it will facilitate building up cash reserves, the story noted. "Because there's not the same sort of credit available that there obviously used to be, it'll put them in a position to acquire inventory of land for the long term," Painter explained. And acquiring land in the right places will make all the difference, he said.
American Public Media's "Marketplace" interviewed Associate Professor Gary Painter about Pulte Homes buying rival homebuilder Centex. One advantage of the merger is that by cutting costs, it will facilitate building up cash reserves, the story noted. "Because there's not the same sort of credit available that there obviously used to be, it'll put them in a position to acquire inventory of land for the long term," Painter explained. And acquiring land in the right places will make all the difference, he said.