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Pulte Homes

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.