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PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. [3] [4] In total, the company has built over 775,000 homes. [1]
Although groundwater was contaminated, as noted above, community wells in the adjoining South Bend neighborhood were not contaminated. [6] PulteGroup, which built much of the Southbend community, claimed it was unaware of the problem until 1983, which was after it had built many of the homes, although it has been reported that construction workers complained of health problems while the ...
PulteGroup reported first quarter earnings of $3.10 per share on revenue of $3.95 billion. Wall Street analysts had expected earnings of $2.36 per share on revenue of $3.58 billion.
The homebuilder reported a backlog of 12,169 homes valued about $7.7 billion, down from last year’s backlog of 18,003 homes with a value of $9.9 billion.
In the fourth quarter, PulteGroup reported closings of 7,615 homes, down 14% year over year and below analysts expectations of 8,026 homes, as mortgage rates peaked in October.
In 1950, just after graduating high school, Pulte and 5 friends built a 5-room bungalow near Detroit City Airport, which they sold for US$10,000. [3]In 1956, he founded William J. Pulte Inc. [4] In 1959, he built his first subdivision, Concord Green in Bloomfield Hills. [1]
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