Harman Patil (Editor)

Fulton Homes

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Industry  Homebuilding
Headquarters  Tempe
Founded  1975
Website  fultonhomes.com
Founder  Ira A. Fulton
Type  Family business
Fulton Homes httpspbstwimgcomprofileimages742648883FUL
Area served  Phoenix metropolitan area
Key people  Ira A. Fulton (founder) Douglas Fulton (CEO)
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Fulton Homes is a homebuilder headquartered in Tempe, Arizona. It is named after its founder, Ira A. Fulton.

Contents

Fulton Homes primarily builds mid-priced to high-end homes in the Phoenix area, mainly competing with similarly-priced builders such as Shea Homes and Pulte Homes. The company has built over 60 communities in the Phoenix area, most of which are located in the East Valley. The largest community built by Fulton is Fulton Ranch in Chandler, which is still being expanded today. The current CEO of Fulton Homes is Ira Fulton's son, Doug Fulton.

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2009 bankruptcy and return to profitability

In 2009 after the 2008 housing market crash, Fulton Homes filed for Chapter 11 bankruptcy. The company has since emerged from bankruptcy in 2011. Since exiting bankruptcy, Fulton Homes has returned to profitability, and had the highest sales per subdivision of any builder in the Phoenix metropolitan area in 2011. In September and October 2012, Fulton Homes was the leading builder in the East Valley in terms of sales, with Freeman Farms in Gilbert and Ironwood Crossing in unincorporated Pinal County near Queen Creek being its best selling communities. On a national scale, Ironwood Crossing and Freeman Farms were ranked the 23rd and 49th best-selling master-planned communities, respectively, in the United States. From January 1, 2012 to December 16, 2012, Fulton Homes has sold a total of 692 homes, a 46% increase from the 463 homes sold in all of 2011. These sales include 284 homes at Ironwood Crossing (in unincorporated Pinal County near Queen Creek), 217 homes at Freeman Farms (in Gilbert), 109 homes at Fulton Ranch, 25 homes at Ashcreek (in Queen Creek), 23 homes at Victoria Estates (also in Queen Creek), and 34 homes in other communities.

Energy Star features

In October 2010, Fulton Homes became the first builder in Arizona to build all of its homes to Energy Star Version 3.0 standards, with inspection done on every home by a third party. Some energy-efficient features that Fulton has incorporated in homes since 2010 include a Louisiana-Pacific TechShield radiant barrier to deflect heat from the attic, tinted Low-E vinyl-framed windows to reduce heat and UV rays from entering the home, and a 14 SEER Energy Star qualified Carrier air conditioning system as standard (with a 16 SEER air conditioning system available as an upgrade).

In 2013, Fulton Homes was awarded the Energy Star Leadership in Housing Award by the United States Environmental Protection Agency.

References

Fulton Homes Wikipedia


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