Inventory Grows At Centex
Almost every big home building firm has a growing inventory on its balance sheet. Centex is no different, indeed it has seen the largest increase of the corporations I have checked so far.
On March 31, 2002 you find Centex inventory at $2.7 billion. As of December 31, 2004 that number had jumped to $7.48 billion. That is an increase of 176%. You will find almost $2 billion of that increase comes in the nine months leading up to the end of 2004.