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Centex CEO sees more home foreclosures ahead

Wed Jan 30, 2008 10:38am EST

NEW YORK, Jan 30 (Reuters) - The head of U.S. home builder Centex Corp CTX.N said on Wednesday that he sees more home foreclosures which could continue to send down home prices.

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"Looking ahead we expect economic conditions to soften and foreclosures to increase and with that pressure on house prices may continue," Timothy Eller, Centex's chairman and chief executive, said during a conference call with analysts. (Reporting by Ilaina Jonas, editing by Dave Zimmerman)

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