Since its founding over 75 years ago, PulteGroup has delivered over 875,000 homes and today ranks as the nation’s 3rd largest
homebuilding company with operations in 26 states and over 45 major markets. Through our portfolio of leading brands: Centex,
Pulte Homes, Del Webb, DiVosta and John Wieland Homes and Neighborhoods, we are uniquely positioned to serve
buyers at every stage of their lives.
Our diversified operating platform provides opportunities for growth and has allowed us to create a more balanced business: 38%
first-time buyers, 40% to move-up, and 22% active-adult. Through our Del Webb and DiVosta brands, we are the recognized leader in
serving the over-55 buyers as they move toward retirement. In addition to providing multiple avenues for ongoing business expansion,
our diversification helps to reduce market risks.
PulteGroup operates against its objectives of delivering high returns on invested capital and equity that, in turn, are expected to
generate long-term shareholder value. Our return focus is reflected in our stated capital allocation priorities: 1) invest in the business
through high returning projects, 2) fund our dividend, 3) use excess cash to repurchase shares and 4) selectively purchase our
outstanding debt to control overall financial leverage. Consistent with these priorities, for the five-year period of 2021 - 2025, the
Company invested over $25 billion in land acquisition and development, while returning $6.2 billion to shareholders
through dividends and share repurchase.