
Pulte Homes (NYSE: PHM)

Headquarters: Bloomfield Hills, MI
CEO: Richard
J. Dugas, Jr.
Employees*: 13,000
Home Types: First-time, Move-up,
Active Adult,
Luxury
Average price: $315,000
(as of Dec 31, 2005)
Year end: December 31 |
Operating in 54 markets, across 27 states, Pulte Homes delivered 45,630
homes domestically in 2005. Home prices range from $85,000 to more than
$1 million. The company, which went public in 1969, also offers mortgage
services to its buyers. In 2001, Pulte acquired Del Webb, the nation's
leading builder of active adult communities targeted at those buyers
ages 55 and up seeking a dynamic lifestyle in markets throughout the
country. The merger was valued at $1.7 billion.
Pulte was founded in 1950 with a single home built by Bill Pulte, who
currently serves as Chairman of the Board. Pulte's strategy calls for
both geographic as well as customer segment diversification. In 2005, 39
percent of closings were Active Adult, 25 percent were
First-Time/Affordable, 20 percent were First Move-Up, and 16 percent
were Second Move-Up/Luxury homes.
For the year ended December 31, 2005, Pulte recorded income from
continuing operations of $1.4 billion on total revenues of $14.7
billion. At the end of 2005, backlog stood at 17,817 homes, valued at
$6.3 billion.
For more information, click here
to visit Pulte's Web site.
* Employee figures are for the calendar
year 2005. |