"Tony Barbee, PulteGroup's North Area president, said that the company is well-positioned for success in Cincinnati due to its already established presence in the state. This strategic expansion into the growing Cincinnati area is a natural next step, having built market-leading businesses in other parts of the state, Barbee said. Pulte, which already operates in Cleveland and Columbus among its 45-plus U.S. markets,"
"Our business results continue to demonstrate the benefit of having large and stable operations in the Midwest, Southeast, and Northeast as these work to offset some of the more challenging market conditions the industry is facing out West and in Texas, Jim Zummer, Vice President, Investor Relations, said during the call. Texas, Florida, and Western markets like Phoenix, Coastal California, and the Pacific Northwest experienced declining home prices over the"
PulteGroup plans to enter the Cincinnati market as part of an Ohio expansion, citing an established presence in the state. The company already operates in Cleveland and Columbus and announced plans for Columbus Del Webb and Del Webb Explore communities. The Cincinnati metro spans into Kentucky and Indiana, where Pulte has operations in Louisville and Indianapolis; Scott Mairn will lead initial Cincinnati operations. Pulte intends to build for first-time, move-up, and active-adult buyers across its brands. The company views the Midwest as a strong region with forecasted home-price growth and sees stable operations offsetting weaker markets in the West and Texas.
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