Bloomfield Hills homebuilder PulteGroup Inc., one of the 10 builders in the U.S. had a great year in 2012, quite contrary to the days when the bottom fell out in the housing market.
The Detroit News reported that the publicly traded company had a banner year with its stock price skyrocketing 188 percent as the housing market continued to show signs of improvement.
The News reports that CEO, President and Chairman Richard J. Dugas Jr. said he is focusing on what he can to to maintain the momentum.
"We're extremely pleased with how the stock has done," Dugas said told the News. "We've improved our margins as a company through overall cost controls and reducing overhead expenses. … We've made the dollars that we're spending go a lot further.
The News reported:
Its stock has become one of the hottest to watch, going to a high of $18.86 a share last year from a low of $5.96. Pulte shares, which trade on the New York Stock Exchange, closed Thursday
