Since its founding in 1950 by William J. Pulte, PulteGroup (NYSE: PHM) has delivered more than 700,000 homes and is one of the nation’s largest homebuilders with operations in approximately 50 major metro markets. Through its unique multi-brand strategy, PulteGroup serves all major consumer groups: Centex for first-time buyers; Pulte Homes for move-up buyers; and Del Webb for active adults age 55 and over.
Through its Value Creation program and related initiatives, PulteGroup is focused on earnings growth and delivering superior returns on invested capital over the housing cycle.
Founded in Detroit, Michigan in 1950 by Bill Pulte.
The company went public as Pulte Home Corporation in 1969 and has delivered more than 700,000 homes nationwide during the past 60+ years.
As of December 2017, the company employed more than 4,800 people nationwide.
Major acquisitions: DiVosta Homes (1998), Del Webb (2001), Centex Homes (2009), and John Wieland Homes and Neighborhoods (2016).
OUR COMMITMENT TO OUR COMMUNITIES
Built to Honor – Built to Honor is PulteGroup’s program for the construction and donation of mortgage-free homes to returning military personnel who have been injured during their term of service. Since 2013, the company has built 50 homes across the country. In 2017, the Company will deliver its 50th home to a family in Hilton Head, South Carolina. PulteGroup has become one of the largest and most active homebuilding companies providing mortgage-free homes to veterans and their families.
Sustainability - PulteGroup incorporates many energy efficient practices and “green” products in our new home communities across the country. For new homebuyers of all types, greater energy efficiency translates into lasting savings, a comfortable home environment, and smart use of natural resources. Pulte homes are up to 30% more energy efficient than the average resale home.
FINANCIAL HIGHLIGHTS FOR 2017
Delivered 21,052 homes
Home sale revenues of $8.3 billion
Net income of $447 million, or $1.44 per share
Average selling price of $395,000
Gross margin from home sales of 22.4%
Backlog at year end of 8,996 Homes
Net debt-to-cap of 42%
Ryan R. Marshall, President and Chief Executive Officer
Michelle Hairston, Senior Vice President, Human Resources
Robert T. O’Shaughnessy, Executive Vice President, Chief Financial Officer
Todd Sheldon, Executive Vice President, Chief Legal Officer and Corporate Secretary
Harmon D. Smith, Chief Operating Officer