Pulte Homes Inc. (one of my favorite builders) is proving that there is a silver lining in the current economy. There is a popular theory among business experts that in order to survive a bad economy, you have to not only maintain your current level of marketing, but even expand and gain more market share. Pulte Homes is doing just that and are buying Centex Corp. The buy out will be in the form of a $1.3 billion stock deal, which will make the company the largest U.S. home builder, knocking D.R. Horton out of the top spot.
New home sales were actually up in February (numbers are not in for March yet) but new home builders are seeing increased competition from foreclosure and prices are still down.
The acquisition of Centex hasn’t slowed Pulte down either. Earlier this month, they debut its newest community, Arden Park located off of Durango Drive and Edna in the heart of Southwest Las Vegas.
Arden Park will offer brand-new affordable homes from 1,677 to 2,100 square feet, featuring two and three bedrooms, spacious master suites, great rooms, lofts and two-car garages, starting from the $190s. One of the reasons I like Pulte Homes is their commitment to building super energy efficient homes without sacrificing your standard of living. Arden Park homes will follow that tradition and are built with the Environments for Living Diamond program, making them more energy-efficient than ENERGY STAR standards require. Homes will feature 15 SEER-rated air conditioning systems, tankless water heaters and blown-in cellulose insulation to help keep utility costs down.
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