Pulte, Triangle, NC’s, Largest Builder Just Got Bigger
As one of the largest Raleigh-Triangle-NC home builders, FOR HomeBUYERS, an Exclusive Buyer Agency, has sold many of this Builder’s New Home Construction. We are very familiar with their procedures and building methods.
When visiting a New Home Building Site, it is important to know the person with whom you are talking is working for the Builder NOT You. Therefore, it is imperative that you bring your own Buyer’s Agent when you visit with the intention of building or buying one of their new homes.
PulteGroup Inc. (NYSE: PHM) in January finalized its acquisition of about 7,000 new homes and home lots owned by move-up builder John Wieland Homes in five Southeastern metro areas, including the Triangle, in a deal that was valued at more than $430 million.
For the Triangle, the acquisition means that Pulte Homes has added 700 more home lots and land parcels owned by John Wieland Homes in Wake County at a value of more than $34.9 million, according to a review of county deed records. Sales data for the company’s lot acquisitions in Chapel Hill was not yet available.
Atlanta-based John Wieland Homes has been actively building in five neighborhood communities in Wake County, including two neighborhoods at Traditions at Wake Forest, another in Holding Village in Wake Forest, Woodcreek in Holly Springs, River Run in Raleigh and another at South Grove in Chapel Hill.
A spokeswoman for Pulte says the John Wieland sales and operations office in Morrisville remains open and staffed by John Wieland employees, and that the brand will continue to be used in many of Pulte’s high-end communities that were part of the acquisition.
PulteGroup ranked as the largest home building company in the Triangle in 2014 with nearly $170 million in sales, according to Triangle Business Journal’s 2016 Book of Lists. John Wieland Homes did not respond to requests for annual report numbers from TBJ’s research team.
Amanda Hoyle covers commercial and residential real estate for Triangle Business Journal. Follow her on Twitter @TBJrealestate