More on Pulte

Pulte Homes is a publicly-held holding company whose subsidiaries engage in the homebuilding and financial services businesses.  Pulte Homes is a Michigan corporation, headquartered in Bloomfield Hills.  Its direct subsidiaries include Pulte Diversified Companies, Del Webb Corporation and other subsidiaries engaged in the homebuilding business.  Pulte Diversified’s operating subsidiaries include Pulte Home Corporation.  Pulte also has a mortgage banking company, Pulte Mortgage LLC, which is a subsidiary of Pulte Home Corporation.

In residential homebuilding, Pulte has approximately a four percent market share nationally.  In 2006, the company delivered nearly 41,500 homes in 27 states and 52 markets.  The company’s two most important markets are Phoenix and Las Vegas.  In 2006, these were the only markets for the company that exceeded 10% for unit settlements, and settlement revenues.  Moreover, Phoenix was the only market to exceed 10% in net new orders.

Home sales at Pulte’s Del Webb “active adult” communities account for 44% of the company’s overall total.  Pulte is the nation’s largest builder of active adult communities for people age 55 and up.  At present, Del Webb has communities open for sale or in development in 20 states from coast to coast.  Del Webb has positioned itself to benefit from the estimated 78 million baby boomers who’ll be retiring in the near future.