Since our founding in 1950, PulteGroup has delivered almost 750,000 homes throughout the United States. What began as a single home built by the hands and entrepreneurial spirit of our founder Bill Pulte, is today the nation’s third largest homebuilder with operations in over 40 major cities. Marketing under some of the industry’s best known brands: Pulte, Centex, Del Webb, DiVosta, American West, and John Wieland Homes and Neighborhoods, we can meet the needs of first-time, move-up and active-adult homebuyers. Click here for a snapshot of PulteGroup’s business.

Driving Dramatic Gains in Income and Profitability

a graph showing rising income and sales revenue since 2019

PulteGroup operates against a stated objective of delivering high returns on invested capital and equity over the housing cycle.  Research indicates that high ROIC and ROE are key drivers to creating long-term shareholder value in the homebuilding industry.  This focus has helped the Company raise key operating and financial metrics to be among the industry leaders. 

Consistent with our emphasis on generating high returns, our capital allocation priorities have been developed to create value for our shareholders.  We routinely allocate capital against these four stated priorities:

  • Invest in the business, including M&A, through land acquisition and development;
  • Fund our dividend and work to grow it over time;
  • Use excess capital to repurchase our common shares;
  • And, selectively purchase our outstanding debt to control overall financial leverage.

Adhering to these priorities, over the five-year period of 2019-2023, we invested approximately $19 billion in land acquisition and development, while returning $4.1 billion to shareholders though dividends and share repurchases. Over this same five-year period, we delivered an average annual return on equity of 26%.
ROE calculated as Annual Net Income / Trailing Average 5 quarters' equity.

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