Pulte Homes regroups to amass cash

Pulte Homes is looking to save some money in the next year.


While the move by Pulte Homes Inc. to invest $10 million
and bring 350 employees to Michigan represents good news for the local
economy, the decision is part of a larger strategy to cut costs in
order to survive.

The Bloomfield Hills-based homebuilder last
week announced a consolidation of accounting offices from 26 states
into Michigan. On the same day, Pulte announced the end of its
4-cents-per-share quarterly dividend, effective in the first quarter of

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