The promise of a renewed homebuilding market in metro Atlanta and the Southeast helped convince one of the nation’s biggest homebuilders to move its headquarters here.
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Began in 1950 when William J. Pulte, then 18, built a Detroit bungalow with five high school friends. He sold it for $10,000. The company’s shares are now trade on the New York Stock Exchange.
William J. Pulte, according to a corporate filing earlier this year, still controlled 9.13 percent of the company’s stock, though he no longer is an officer in the company.
Brands include Pulte Homes, Del Webb and Centex (acquired in 2009).
PulteGroup operates in 28 states. Price of its homes sold last year ranged from less than $100,000 to over $900,000. About 85 percent were within the $100,000-$400,000 range.
Sources: PulteGroup, AJC Staff research