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In 2001, Pulte Homes, Inc acquired Del E. Webb Construction Company, founded by Del Webb, for $1.8 billion. [11] In 2003, the company acquired Sivage-Thomas Homes. [12] In 2009, the company acquired Centex for $1.3 billion in stock. [13] [14] In August 2014, the company acquired the real-estate assets of Dominion Homes for $82 million. [15]
Along with construction, the corporation was also involved in real estate and owned several hotels and casinos which were built and/or expanded by the company. The company was purchased in 2001 by Pulte Homes. [1] Pulte Homes since merged with Centex Corp. and became PulteGroup. [2] Del Webb continues as a brand of PulteGroup. [3] [4]
In the 1970s, he developed a process for building multi-family homes in an assembly line fashion. DiVosta and Clifford F. Burg formed Burg & DiVosta Corp. to combine Burg's construction experience with DiVosta's development company. Since the 1960s, DiVosta has built 40,000 homes in Florida. DiVosta sold his company to Pulte Homes in 1998. [2]
Pulte’s new orders for the second quarter landed at 7,649, a 3.7% drop year over year and falling short of analysts' expectations of 8,392 homes, per Bloomberg data.
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In the 1960s, he expanded his company Pulte Homes beyond Michigan into Washington, D.C., Chicago and Atlanta. He took the company public in 1969. By the 1980s, it was operating in 11 states with revenues of US$294,000,000 and by 1995, it was the largest homebuilder in the United States.
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