PulteGroup

In 1950, at the age of 18 years, William J. Pulte, began building and selling houses.{{cite news | url=http://www.theoaklandpress.com/article/OP/20100216/NEWS/302169971 | title=Founder of Pulte Homes resigns after 60 years | first=Joseph | last=Szczesny | work=The Oakland Press | date=February 16, 2010}} In 1956, he formed the company, Pulte Homes, Inc which was based in Bloomfield Hills, Michigan. In 1972, the company became a public company via an initial public offering.{{cite news |last1=Downer |first1=Blake |title=PulteGroup Is Building Long-Term Shareholder Value (NYSE:PHM) |url=https://seekingalpha.com/article/4612280-pultegroup-is-building-long-term-shareholder-value |work=seekingalpha.com |date=19 June 2023 |language=en}} In 1998, the company acquired Divosta for an estimated $150 million,{{cite news | url=https://www.nytimes.com/1998/07/02/business/company-news-pulte-expands-southeast-operations-by-buying-divosta.html | title=Pulte Expands Southeast Operations By Buying Divosta | agency=Bloomberg News | work=The New York Times | date=July 2, 1998}} and it also acquired Radnor Homes for an undisclosed amount.{{cite news | url=https://www.bizjournals.com/nashville/stories/1998/05/25/daily6.html | title=Radnor Homes sold | work=American City Business Journals | date=May 27, 1998}}

In 2001, Pulte Homes, Inc acquired Del E. Webb Construction Company, founded by Del Webb, for $1.8 billion.{{cite news | url=https://www.chicagotribune.com/2001/05/02/pulte-homes-to-buy-rival-del-webb-for-18-billion/ | title=Pulte Homes to buy rival Del Webb for $1.8 billion | first=Mary | last=Umberger | publisher=Chicago Tribune | date=May 2, 2001}} In 2003, the company acquired Sivage-Thomas Homes.{{cite news | url=https://www.bizjournals.com/phoenix/stories/2003/06/30/daily34.html | title=Pulte buys Sivage-Thomas Homes | work=American City Business Journals | date=July 2, 2003}} In 2009, the company acquired Centex for $1.3 billion in stock.{{cite press release | url=https://www.businesswire.com/news/home/20090818006090/en/Pulte-Homes-Centex-Shareholders-Overwhelmingly-Approve-Merger | title=Pulte Homes and Centex Shareholders Overwhelmingly Approve Merger | publisher=Business Wire | date=August 18, 2009}}{{cite news | last=Clifford | first=Catherine | title=Pulte Homes in $3.1 billion merger | date=April 8, 2009 | url=https://money.cnn.com/2009/04/08/real_estate/pulte_centex/index.htm | archive-url=https://web.archive.org/web/20090410105517/http://money.cnn.com/2009/04/08/real_estate/pulte_centex/index.htm | archive-date=April 10, 2009 | url-status=dead | work=cnn.com }} In August 2014, the company acquired the real-estate assets of Dominion Homes for $82 million.{{cite news |last1=Staff |title=Dominion Homes assets brought $82.7 million in sale to Pulte |url=https://www.dispatch.com/story/business/2014/10/24/dominion-homes-assets-brought-82/23534115007/ |work=The Columbus Dispatch |date=October 24, 2014}}

The company changed its name from Pulte Homes, Inc. to PulteGroup, Inc. in March 2010.{{cite news | last=Whelan | first=Robbie | title=PulteGroup to Move Headquarters to Atlanta | url=https://www.wsj.com/articles/SB10001424127887324682204578515793718798314 | work=The Wall Street Journal | date=May 30, 2013}} In 2013, PulteGroup launched Built to Honor program, which provides homes to veterans with disabilities from the Army, Marine Corps, Navy, Air Force, and Coast Guard, as well as Gold Star families in 18 U.S. states.{{cite news |last1=Staff |title=PulteGroup Celebrates the 10th Anniversary of its Built to Honor® Program, Recognizing and Thanking Our Nation's Veterans |url=https://finance.yahoo.com/news/pultegroup-celebrates-10th-anniversary-built-123000175.html?guccounter=1 |work=Yahoo Finance |date=3 July 2023}}

In 2016, the company acquired some homebuilding assets of John Wieland Homes and Neighborhoods, a premier builder of luxury homes.{{cite news |title=PulteGroup Completes Acquisition of Certain Homebuilding Assets of John Wieland Homes and Neighborhoods |url=https://www.prnewswire.com/news-releases/pultegroup-completes-acquisition-of-certain-homebuilding-assets-of-john-wieland-homes-and-neighborhoods-300204957.html |work=www.prnewswire.com |date=15 January 2016 |language=en}} In April 2019, the company acquired the homebuilding operations of American West Homes for $150 million.{{cite news | last=Segall | first=Eli | title=Las Vegas developer Larry Canarelli sells homebuilding operations | url=https://www.reviewjournal.com/business/housing/las-vegas-developer-larry-canarelli-sells-homebuilding-operations-1652379/ | work=Las Vegas Review-Journal | date=April 29, 2019}}

In 2019, after an investigation by Florida Attorney General Ashley Moody, Pulte agreed to pay $4.7 million in restitution and make repairs to houses it sold in Florida that had cracks in stucco applied to a wood frame, stucco delamination, and improper installation of weep screed.{{Cite news | url=https://www.heraldtribune.com/story/business/real-estate/2019/02/19/pulte-homeowners-with-stucco-repairs-can-be-reimbursed/5917317007/ | title=Relief for Pulte homeowners | first=Chris | last=Wille | work=Sarasota Herald-Tribune | date=February 19, 2019}}{{Cite news | url=https://abcnews4.com/news/local/sun-city-families-say-lawsuit-settlement-wont-do-diddly-squat | title=Sun City lawsuit settlement won't do "diddly squat," homeowners say | first=Angela | last=Brown | work=WCIV | date=January 30, 2019}}

In October 2009, a class-action lawsuit was filed by Steve Berman accusing the company of artificially propping up house sales prices and contributing to the United States housing bubble. The lawsuit was dismissed by the court.{{cite news | title=California court dismisses class action lawsuit against Pulte Homes | url=https://www.builderonline.com/building/regulation-policy/california-court-dismisses-class-action-lawsuit-against-pulte-homes_o | first=John | last=Caulfield | work=Hanley Wood | date=February 23, 2010}}

{{Reflist}}

• {{Official|https://www.pultegroupinc.com}}

{{Finance links

| name = PulteGroup, Inc.

| symbol = PHM

| google = PHM:NYSE

| yahoo = PHM

| bloomberg = PHM:US

| sec_cik = 822416

}}

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Category:1950 establishments in Michigan

Category:Construction and civil engineering companies of the United States

Category:Companies based in Atlanta

Category:Companies listed on the New York Stock Exchange

Category:Construction and civil engineering companies established in 1950

Category:Home builders