Items Tagged with 'Pulte Homes Inc.'

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  • PulteGroup accused of hiding shoddy homebuilding from buyers

    Settles with Florida for allegedly building homes that were not to code
    PulteGroup and its subsidiary, Pulte Home Company, allegedly built homes in the state of Florida that were not to code and hid that information from homebuyers, according to the office of Florida Attorney General Pam Bondi. Bondi’s office said that it reached a settlement with the Pulte companies after a two-year investigation found that Pulte allegedly failed to disclose to certain Florida buyers that some of its homes were being built in violation of applicable building codes.
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  • Pulte to Buy Centex in $1.3B Deal

    Pulte Homes Inc. [stock PHM][/stock] said Wednesday it would acquire Centex Corp. [stock CTX][/stock] Wednesday in a stock-for-stock deal valued at $1.3 billion that will create the nation's largest homebuilding company. The merger comes as many of the nation's home builders are struggling amid a recession and steep price correction in the nation's most populous housing markets.
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