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05/20/07
The 2 faces of Ariz. construction
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:42 am

The Republic 100 rankings tell only part of the story when it comes to the health of Arizona’s construction industry. Consider Pulte Homes Inc. (No. 96) and Sundt Construction Inc. (No. 97). Both count about the same number of employees but face very different financial situations as the housing market deflates and commercial/public projects boom. Michigan-based Pulte, which owns the Del Webb brand started in Arizona, lost $85.7 million in the first quarter because of falling numbers of home closings and too much inventory.  More…

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