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Pulte pays $20M ($115K/acre | $27K/lot) for land for 750-home development in North Carolina

11/6/2024

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Triangle Business Journal

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• Subcategory: Land: Housing, MF: Senior, SF: Detached

• Tag: Rezoning | Sale

• Additional Filters-Subcategory: Land: Single Family, SF: PUD

• Additional Filters-Tags: Sale: Investment, Sale: Single Property, Zoning Approved

• Company: PulteGroup Inc. (NYSE: PHM)

STORY HIGHLIGHTS
PulteGroup purchased 173 acres for a 750-home community in Clayton.
The development received rezoning approval in May.
The neighborhood will be for residents 55 and older.

PulteGroup Inc. (NYSE: PHM)

Kye Bunker | Director, Land Acquisitions, Triad Market

[email protected]