Pulte Homes buys Centex Homes
This deal was announced today, April 8th, and is the first large merger in the home building industry and probably not the last. Richard Dugas, the CEO of Pulte, stated that the “merger” brings great alignment of the company to service the 2 growth segments of the market, 1st time home buyers or entry buyers and the Baby boomers.
As a Jacksonville Real Estate Agent I started my Realtor career with Pulte Homes in 2004 after purchasing my first home in Jacksonville, FL…..A Pulte Home. Pulte is a major player in the Jacksonville Real Estate market with entry level town homes and it’s Del Webb projects on 9A and in Nocatee.
As all home builders are struggling during this down economy and housing crunch, I’m betting this is the start of a few home builder mergers. This merger was strategic but also a necessity to give the company a chance at returning back to profitability.
If you are in the market for a Del Webb home in Jacksonville or a townhome in Jacksonville, Pulte Homes would be a great purchase. They continually outperform their rivals in the JD Power customer satisfaction survey. Proving they are still building quality regardless of the drop in quantity.
On a side note, I hope they avoid the name “PulTex”.
