Low sales and a tumultuous housing sector have forced Pulte Homes to begin an exit of the Kansas City market. More than 20 employees will be laid off just days before Christmas as the first stages of the 10-month exit begins.
The builder will complete 60 homes under construction, some of which have been sold, and plans to sell any remaining lots and raw land to other developers and builders.
Pulte, the No. 3 in the region for building permits, has property in Lenexa, Kansas City North, Liberty, and Lee's Summit. Since the mid-1990s, the Bloomfield Hills, Mich.-based company has built about 2,200 homes in the metro area.
The builder also says that even though it is withdrawing from the market, long-term warranties will be honored.
Learn more about markets featured in this article: Kansas City, MO.