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STL homebuilder acquired

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Payne Family Homes, a fast-growing St. Louis homebuilder, is being purchased by Fischer Homes.

Fischer Homes, which has built more than 30,000 homes, marks its entry into the St. Louis market with the acquisition.

Payne Family Homes has built more than 2,400 homes and is the region's second-largest homebuilder, according to Builder Online.

Read more from Builder Online.

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