ional emphasis on residential construction and into the development of retail, office and other types of commercial properties. This business unit provides the company with an additional hedge against the cyclical nature of residential construction, although the company is also more vulnerable to downturns in the economy which could affect commercial real estate investment ("About" 2).
Centex has outpaced the industry as a whole in terms of earnings per share over the past five years with a growth rate of 38.53 percent compared to the industry's 32.96 percent rate. Perhaps more significantly, for a company in the cons
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