PulteGroup, Inc. (PHM) announced Friday that in 2014 it will relocate its corporate offices to Atlanta, Georgia. from its current location in Bloomfield Hills, Michigan. The company's Michigan-based homebuilding operations will remain in Oakland County, Michigan and continue to provide outstanding sales and service in the Michigan market.
In 2012, PulteGroup's operations in Northern Virginia down through Florida represented 37 percent of its home closings and 43% of the Company's year-end invested capital.
PulteGroup has previously announced plans to increase its authorized investment in land and development for 2013 and 2014 to $1.4 billion, compared with the $924 million invested in 2012.
The company said it plans to continue investing in its homebuilding operations throughout the southeast, in addition to its other markets throughout the country going forward.
PulteGroup employs approximately 380 individuals in the state of Michigan of which 54 work in its local homebuilding operations and are unaffected by the move. When fully staffed, the Company expects 300 to 350 employees at its corporate offices in Georgia.
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