Well, it’s official. On Tuesday, August 18, the merger between Pulte Homes and Centex was completed. This officially makes Pulte Homes the largest home builder in the United States, knocking D. R. Horton out of the top spot.
Looking in from the outside, the merger was a perfect fit. Both companies produced above average energy efficient homes in similar configurations and communities and have won numerous awards for quality. Pulte Homes had been on the brink of being the largest builder of new homes when it acquired adult community builder Del Webb a few years ago. With the acquisition of Centex, Pulte Homes is poised to dominate the new home market in the coming years.
Centex is now another “brand” that Pulte Homes has to offer home buyers. The company’s headquarters will remain in Bloomington Hills, Michigan.
I am very interested to see how this merger goes! I know it will be for the best!
As a former Pulte employee and current Pulte homeowner. I wish them well. Maybe they will come back to Kansas City some day.
With Pulte’s merging with Centex pushes Pulte ahead of D.R. Horton to make it the nation’s largest home builder. Unfortunately some of the expected savings will come from layoffs. Pre-merger Pulte had about 4,700 employees and Centex had 2,600.