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PulteGroup history
PulteGroup company history timeline
In 1956, the company was incorporated as William J. Pulte, Inc.
In 1956, the company was formed and was based in Bloomfield Hills, Michigan.
The company recorded $5 million in sales in 1964.
In 1969, the company goes public as Pulte Home Corporation.
During 1970 Pulte evolved from primarily a supplier of high-priced single family homes to a builder of single family homes across price ranges.
Pulte opened its first Quadrominiums in Chicago in 1971, providing buyers with homes for less than $20,000.
In 1972, the company’s stock begins trading on the AMEX.
Even as national housing starts and deliveries declined, Pulte's sales increased to nearly 5,000 units in 1980.
1981: Company establishes Pulte Financial Companies, Inc., which includes several bond-issuing subsidiaries.
In 1983, the stock of the parent company, PHM corporation, begins trading on the NYSE.
The company extended its presence into new housing markets and continued to grow during the 1970s and 1980s. It ranked first among all onsite builders in the United States in revenues and in homes delivered in 1985.
On September 17, 1987, PHM Corporation was incorporated and became the publicly held parent holding company of the Pulte Home Corporation group of companies, which became the wholly owned subsidiary of Pulte Diversified Companies, Inc.
First Line was established in 1987.
In 1988 home sales were flat and one of Pulte's financing subsidiaries filed for Chapter 11 protection due to foreclosure losses.
PHM realized that a conservative financial philosophy, combined with delivery of good products, was not enough to assure that the company's more than 35 years of consecutive profitability would continue; in 1989 the company launched the Pulte Quality Leadership (PQL) proactive initiative.
Heights of Texas merged into First Heights in July 1990 and consolidated operations under the name Heights of Texas.
Senior managers from every business unit joined to form the seven task teams of the National Quality Council (NQC) in 1990.
In 1992, PHM Corporation’s name was changed to Pulte Corporation.
PHM Corporation was renamed Pulte Corporation on July 1, 1993, to capitalize on the public's recognition of the Pulte name.
In 1996, the company initiated a joint venture with General Motors to provide homes in Mexico.
Pulte's expansion efforts made it the nation's largest homebuilder in 1996.
In 1997, Pulte again reorganized its operations.
In 1998, PulteGroup acquired Divosta for an estimated $150 million.
In 2003, the company acquired Sivage-Thomas Homes.
In 2009, Pulte Group acquired Centex for $1.3 billion in stock.
The company changed its name from Pulte Homes, Inc. to PulteGroup, Inc. in March 2010.
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Zippia gives an in-depth look into the details of PulteGroup, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PulteGroup. The employee data is based on information from people who have self-reported their past or current employments at PulteGroup. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PulteGroup. The data presented on this page does not represent the view of PulteGroup and its employees or that of Zippia.
PulteGroup may also be known as or be related to PulteGroup, PulteGroup Inc, PulteGroup, Inc. and Pultegroup, Inc.