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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] The company operates in 44 markets in 23 ...
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 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. It became a Fortune 500 company in 1999.
The company reported net new orders of 3,964 homes, a 41% dip for the same period last year. ... Separately, by buyer group, fourth quarter orders to first-time buyers declined 28% to 1,574 homes ...
Shares of the company gained as much as 3% following the results. The stock was trading at $65.29, up 2.24% in afternoon trading. By comparison, the S&P 500 index was down 1.41%.
From January 2008 to December 2012, if you bought shares in companies when Richard Kovacevich joined the board, and sold them when he left, you would have a -4.5 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
From January 2008 to April 2010, if you bought shares in companies when William F. Aldinger III joined the board, and sold them when he left, you would have a -37.2 percent return on your investment, compared to a -19.2 percent return from the S&P 500.
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