PulteGroup, Inc.

Bloomfield Hills, MI United States

  (NYSE: PHM)

Company Description

PulteGroup pulls its weight in providing homes for American families. The company became the top homebuilder in the US when it merged with rival Centex in 2009. The company, which targets a cross-section of homebuyers around the country, buys land to build single-family houses, duplexes, townhouses, and condominiums. Its Centex brand is marketed to entry-level buyers, while Pulte Homes are targeted towards customers looking to trade up. PulteGroup also builds Del Webb retiree communities, mostly in Sun Belt locales, for the growing number of buyers in the 55-plus age range. The company sells its homes in some 70 markets across 30 states. In 2011, its homes sold for an average price of $259,000.