PulteGroup (NYSE: PHM) and Taylor Morrison Home Corporation (NYSE: TMHC) this week announced a joint venture to acquire approximately 410 acres of land in North Phoenix from the Arizona State Land Department and develop it into a new master plan community. Development of the site is slated to begin in spring 2017 and will feature multiple product offerings from the Taylor Morrison and Pulte Homes brands.
Skyline Estates by Pulte Homes opened this month, marking the first time the homebuilder has offered a new home community in Henderson, NV, since it sold out of its popular Anthem community that opened in 1998.
Pulte Homes is bringing upscale urban living with an easy commute into downtown Washington D.C., with the opening of Cambria Square, a community with 48 garage townhomes and condominiums in the West End of Alexandria.
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