Pulte Homes was established by Bill Pulte over 55 years ago; since then, Pulte Homes has become one of the largest home builders in the nation and has delivered more than 500,000 homes to families across the United States. Pulte Homes ranked #2 on Builder Online’s 2008 list of America’s Top 10 Home Builders and ranked highest in customer satisfaction by J.D. Power and Associates’ New Home Builder Customer Satisfaction Study in 11 U.S. markets. Pulte is traded on the New York Stock Exchange under ticker symbol PHM.
The Pulte family of builders includes Pulte Homes, Del Webb and Divosta Homes. The largest of the three brands, the Pulte brand, builds single-family, townhomes, condominiums and duplexes for first-time and move-up home buyers throughout the nation. The Divosta Homes brand is one of Florida’s largest home builders; the brand offers single family homes, carriage homes and townhomes throughout the Central Florida, Ft. Myers, Naples, Treasure Coast and the Space Coast regions. The Del Webb brand of homes has been building new homes since 1960; today, the brand offers new homes in more than 50 active adult communities to home buyers in 20 states throughout the U.S.
Pulte’s family of new home builders builds new homes and communities in 49 markets spread across 25 states, and the District of Columbia. They build single-family detached homes, townhomes, condominiums and duplexes for first-time, move-up and active adult home buyers. In 2008, Pulte offered homes for sale in 459 communities across the United States. Most of these homes ranged from $100,000 – $400,000 with an average selling price of $284,000. In addition to offering new housing opportunities, Pulte offers financial services through Pulte Mortgage and other subsidiaries.
A recently announced merger between Pulte Homes and Centex Homes will make Pulte Homes the largest home builder in the United States. In 2008, Pulte Homes and Centex Homes closed more than 39,000 houses, which is 15,000 more than America’s largest home builder, D.R. Horton. At the end of March in 2009, Pulte and Centex each had roughly $1.7 billion in cash; the combined company will have the strongest liquidity position among home builders with approximately $3.4 billion in cash.
Quick Facts about Pulte Homes
- President and CEO: Richard Dugas
- Stock Ticker: PHM
- 2008 revenue from homebuilding: – $6.1 billion
- 2008 net Income from homebuilding: – ($1.6 billion)
- 2008 home closings: 21,022
- 2007 home closings: 27,540
- Reach: 49 markets in 25 states
For more information about Pulte Homes, visit them online at www.Pulte.com; if you’re looking for a Pulte Home, here’s a link to their home finder tool – Locate a Pulte Home -
Sources:
www.Pulte.com
Pulte Homes #2 – Builder Online’s List of Top 10 Builders ‘08
Pulte Homes 2008 Annual Report
Pulte Homes and Centex Homes Merger
See Also:
Centex Homes
Divosta Homes
Del Webb
