BLOOMFIELD HILLS, Mich., Jan 9, 2004 (BUSINESS WIRE) -- Pulte Homes, Inc.
(PHM) announced today that preliminary net new home orders for its fourth
quarter ended December 31, 2003, were a period record 8,465 homes, an
increase of 31 percent over last year. For the full year, Pulte Homes'
preliminary net new orders totaled 34,989 homes, as compared to 30,830 homes
last year, an increase of 13 percent.
"Pulte Homes is successfully implementing its unique customer
segmentation strategy, as we continue to expand our product offerings to
serve all buyer segments: affordable, first and second move up and active
adult," said Richard J. Dugas, Jr., President and CEO. "Our
segmentation strategy, combined with solid consumer demand throughout the
quarter, enabled Pulte to drive record fourth quarter orders and enter 2004
with tremendous momentum."
|
Preliminary Net
New Orders |
|
Three Months
Ended, |
Year Ended |
|
|
December
31, |
December 31, |
|
|
2003 |
2002 |
2003(a) |
2002 |
|
|
|
|
|
|
| Northeast |
|
687 |
604 |
3,098 |
2,738 |
| Southeast |
|
1,994 |
1,831 |
9,021 |
8,651 |
| Midwest |
|
1,077 |
987 |
4,736 |
4,684 |
| Central |
|
1,231 |
824 |
5,125 |
4,590 |
| West |
|
3,476 |
2,212 |
13,009 |
10,167 |
|
|
|
|
|
|
|
|
8,465 |
6,458 |
34,989 |
30,830 |
(a) Preliminary net new home orders for the year ended December 31,
2003 do not include 1,051 units of acquired backlog.
Pulte Homes' disclosure practice is to release orders as part of its
quarterly financial reporting, but under the guidelines of Regulation FD it
is providing this information in advance of upcoming investor meetings.
Pulte Homes will provide additional information when it reports its fourth
quarter and full year financial results on January 28, 2004.
About Pulte Homes
Pulte Homes, Inc., (www.pulte.com)based
in Bloomfield Hills, Michigan, has operations in 44 markets across the
United States. Under its Del Webb (www.delwebb.com)
brand, the Company is also the nation's leading builder of active adult
communities for people age 55 and older. Over its history, the Company has
constructed more than 330,000 homes and has been named Builder of the Year
for 2002 by Professional Builder magazine. Pulte Mortgage, LLC is a
nationwide lender committed to meeting the financing needs of Pulte Homes'
customers by offering a wide variety of loan products and superior customer
service.
/Web site: http://www.pulte.com/
SOURCE: Pulte Homes, Inc.
Pulte Homes, Inc.
Jim Zeumer, 248-433-4597
jim.zeumer@pulte.com
