PulteGroup Investor Relations Material

PulteGroup, Inc. is an American company primarily engaged in home construction. The company builds and sells residential homes, serving multiple customer segments, including first-time, move-up, and active adult buyers. Additionally, the company offers financial services like mortgage lending and title operations to facilitate the home-buying process for its customers. The company is headquartered in Atlanta, Georgia, and its shares are listed on the NYSE.

What is today a multi-billion dollar company was started by Bill Pulte in 1956, who had started building homes when he was just 18 years old. Initially operating out of Michigan, the company grew steadily and had its IPO in 1972. Expansion ramped up after the company went public, and the growth continued both organically and through several acquisitions over the years. Today, the company has built over 700.000 homes since its founding and is one of the largest companies of its kind in the US. Some other large American homebuilders include D.R. Horton, KB Home, and Lennar Corporation.

PulteGroup, through its brands such as Pulte Homes, Centex, Del Webb, DiVosta, and John Wieland Homes, offers a diverse range of home types catering to different market segments. Their portfolio includes single-family homes, which are designed for various life stages from first-time homebuyers to upscale buyers seeking luxury features. These homes often emphasize modern design, energy efficiency, and smart home technology. Townhouses and condominiums are also part of their offering, appealing to those seeking lower maintenance living spaces, often in urban or suburban settings. For older adults, PulteGroup's Del Webb brand specializes in active adult communities, focusing on lifestyles and amenities suitable for retirees.

PulteGroup offers financing services through its subsidiary, Pulte Mortgage. Established to streamline the homebuying process for PulteGroup's customers, Pulte Mortgage provides a variety of financing options tailored to individual homebuyer needs. Their offerings include conventional loans, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, and jumbo loans for more expensive home purchases.