Fulton Homes

Fulton Homes
Family business
Industry Homebuilding
Founded 1975 (1975) in Tempe, Arizona
Founder Ira A. Fulton
Headquarters Tempe, Arizona, United States
Area served
 Phoenix metropolitan area
Key people
  • Ira A. Fulton (founder)
  • Douglas Fulton (CEO)
Website fultonhomes.com

Fulton Homes is a homebuilder headquartered in Tempe, Arizona. It is named after its founder, Ira A. Fulton.

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.

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.[1] 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.[2] 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.[3] 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.[4] 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.[5] 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.[6]

References

  1. ↑ J. Craig Anderson (December 13, 2011). "Phoenix-area declines in foreclosures, home supply bode well for 2012". The Arizona Republic. Retrieved December 7, 2012.
  2. ↑ "Report: Fulton Homes leads E.V. Home Sales". AZ Business Magazine. November 3, 2012. Retrieved December 7, 2012.
  3. ↑ "Fulton Homes Lands on Top 50 in U.S.". AZ Business Magazine. January 25, 2013. Retrieved January 26, 2013.
  4. ↑ "Fulton Homes’ sales spike". AZ Business Magazine. December 21, 2012. Retrieved December 23, 2012.
  5. ↑ "Fulton Homes first Arizona builder to build all homes to Energy Star 2011 standards". Fulton Homes. HousingZone. September 18, 2010. Retrieved December 7, 2012.
  6. ↑ "EPA recognizes Fulton for energy efficient construction". AZ Business Magazine. July 1, 2013. Retrieved July 26, 2013.
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