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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]
1936: J.W. Bateson Company (now Balfour Beatty Construction's North Texas division) is founded. [5] 1966: Centex acquires J.W. Bateson. [6] 1971: Completion of the Cinderella Castle and other projects at Disney World, which opens to the public. [7] 1972: Completion of Texas Stadium, former home of the Dallas Cowboys. [8]
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.
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Earnings per share for the homebuilder's fiscal first quarter came in at $2.35, beating the $1.80 expected by analysts.
In 2003, LGI Homes was founded in The Woodlands, Texas by Thomas Lipar and his son Eric Lipar. [5] [6] LGI Homes primarily focuses on entry-level housing for first-time homebuyers. [7] [8] LGI Homes initially built homes in its home state of Texas. [9] Their first project was a residential development in Conroe called Summerset Estates. [10]
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