PulteGroup Announces Expansion of Innovative Construction Group Operations into South Carolina

Rhea-AI Summary

PulteGroup, Inc. (NYSE: PHM) has launched its second off-site solutions manufacturing facility in Florence, South Carolina. This facility, part of its Innovative Construction Group (ICG), focuses on single-family and multi-family wood framed construction, enhancing production and distribution capabilities in the Southeast. The new operation utilizes advanced technology to provide efficient framing solutions, including design services and installation. This expansion is expected to cater to the increasing demand for new homes in key South Carolina markets such as Myrtle Beach, Charleston, and Columbia.

Positive

• Launch of a second off-site manufacturing facility in Florence, SC, indicating growth and expansion.
• Use of advanced technology and automation improves production efficiency and build quality.
• Facility supports increased demand for housing in key South Carolina markets.

Negative

• None.

Second Off-Site Solutions Facility Now Open in Florence

ATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM) today announced the unveiling of its subsidiary Innovative Construction Group’s second off-site solutions manufacturing operations in Florence, South Carolina. Focused on single-family and multi-family wood framed construction, this facility will expand ICG’s production and distribution capabilities to meet growing demand in the Southeast.

Pictured (from left to right): Rich Allen (ICG), Ryan Marshall (PulteGroup), Pamela Evette (Lieutenant Governor of South Carolina), Ryan Melin (ICG), Willard Dorriety, Jr. (Florence County Council), Gregg Robinson (Florence County Economic Development Partnership). (Photo: Business Wire)

“Part of the Company’s ongoing expansion of the ICG platform, we are excited to open our newest off-site production facility,” said PulteGroup President and CEO Ryan Marshall. “This facility increases the scope of ICG’s manufactured framing solutions to serve new home construction in South Carolina, including PulteGroup’s communities in Myrtle Beach, Charleston, Hilton Head, Rock Hill and Columbia.”

The Florence operation integrates cutting-edge technology, automation and intellectual property exclusive to ICG to deliver a comprehensive range of framing solutions. Designed to enhance production efficiency and build quality, ICG provides design services, wall panels, roof trusses and floor systems, and on-site installation to provide a fully integrated shell construction process.

“Opening a facility in South Carolina was a natural next step to expanding the ICG platform as it allows for collaboration with our operations in Florida, while extending our offerings and services to several new housing markets,” said Ryan Melin, Co-Founder and President of ICG. “With this expansion completed, we are excited to shift focus towards further vertically integrating our operations.”

For more information about ICG and to view open positions at the Florence facility, please visit www.icgbuilds.com.

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com; divosta.com; jwhomes.com; and americanwesthomes.com. Follow PulteGroup, Inc. on Twitter: @PulteGroupNews.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005133/en/

For Media Inquiries

Macey Kessler

office: 404.978.6414

macey.kessler@pultegroup.com

Source: PulteGroup, Inc.

FAQ

What is the significance of PulteGroup's second facility in Florence, SC?

The new facility expands PulteGroup's production and distribution capabilities, addressing the growing demand for new homes in the Southeast.

What type of construction does the Florence facility focus on?

The Florence facility specializes in single-family and multi-family wood framed construction.

How does the Florence operation enhance production efficiency?

The facility integrates cutting-edge technology and automation to deliver a comprehensive range of framing solutions.

Which markets will benefit from the new facility?

The facility will serve new home construction in markets such as Myrtle Beach, Charleston, Hilton Head, Rock Hill, and Columbia.