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“Mega merger” in housing market

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The Pulte Centex deal, which values the combined assets at $7.2bn, should provide the firms with enough protection until the market turns. The combined company will use the Pulte brand.

With news in today that British housebuilder Taylor Wimpey has agreed a £2.5bn financing deal to keep it afloat – and its latest figures showing pre-tax losses spiraling to £1.97bn – Real Business predicts a flurry of "mega mergers" this side of the pond.

Have Centex and Pulte Homes hit the nail on the head? Will other competitors link up to battle the downturn? Let us know what you think.

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