Consolidation in the homebuilding industry looms as the "elephant in the room,” a Citigroup analysis says, and the likelihood of takeovers will increase the longer the economy stagnates. Ryland (RYL), Meritage (MTH) and Beazer (BZH) would rank among likely acquisition targets, with D. R. Horton (DHI), KB Home (KBH) and Pulte (PHM) among probable buyers.
Consolidation in the homebuilding industry looms as the "elephant in the room,” a Citigroup...
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