PulteGroup, Inc. (previously Pulte Homes) history, profile and corporate video
PulteGroup, Inc. (previously known as Pulte Homes) is a home construction company headquartered in Atlanta, Georgia, United States. It sells its products under recognized and trusted brands in homebuilding, including Pulte, Centex, Del Webb, DiVosta, American West, and John Wieland Homes and Neighborhoods.
HISTORY
The story of PulteGroup began in 1950 when 18-year-old William “Bill” Pulte, with help from his high-school buddies, built a five-room bungalow near the city of Detroit, Michigan.
In 1956, the company was incorporated as William J. Pulte, Inc.
In 1969, the company went public as Pulte Home Corporation. That year, the company also acquired American Builders, Inc.
In 1972, the company’s stock began trading on the AMEX.
In 1983, the stock of the parent company, PHM Corporation, began trading on the NYSE.
In 1992, PHM Corporation’s name was changed to Pulte Corporation.
In 1996, the company initiated a joint venture with General Motors to provide homes in Mexico.
In 1998, Pulte acquired Radnor Homes and DiVosta Homes; signed an exclusive agreement with General Electric to supply all Pulte homes with its branded home appliances.
In 2001, Pulte Corporation changed its name to Pulte Homes, Inc. Pulte Homes completed the merger with Del Webb Corporation to create one of the nation’s largest homebuilders.
In 2009, Pulte Homes completed the merger with Centex Corporation to create one of America’s largest homebuilding companies.
In 2010, Pulte Homes, Inc. changed its name to PulteGroup, Inc.
In April 2019, the company acquired the homebuilding operations of American West Homes.
With more than 5,000 employees, PulteGroup, Inc. is considered one of the largest homebuilders in the United States. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.pultegroupinc.com.
**Video published on YouTube by “PulteGroup News“.