EXHIBIT 21

PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT
At December 31, 2002

Pulte Homes, Inc. (the Company) owns 100% of the capital stock of Pulte Diversified Companies, Inc. (PDCI), Pulte Financial Companies, Inc. (PFCI), Radnor Homes, Inc., PHS Virginia, Inc., Pulte.com, Inc., PH1 Corporation, and PC/Palm Beach, Inc., all Michigan corporations, North American Builders Indemnity Company, a Colorado corporation, Marquette Title Insurance Company, a Vermont corporation, RN Acquisition 2 Corp., a Nevada corporation, Del Webb Corporation (Del Webb), a Delaware corporation and 100% of PB Venture L.L.C. and Pulte Land Company, LLC, both Michigan limited liability companies. The Company is a member of the following limited liability companies:

Entity Name	Place of Formation	Percentage Ownership
Grayhaven Estates Limited, L.L.C	Michigan		99	%
City Homes Development L.L.C	Michigan		50	%
Shorepointe Village Homes, L.L.C	Michigan		82.5	%
Detroit City Homes L.L.C	Michigan		45	%

PDCI owns 100% of the capital stock of Pulte International Corporation, Pulte Home Corporation (PHC) and American Title of the Palm Beaches Corporation, all Michigan corporations, First Heights Bank, a federal savings bank, DiVosta and Company, Inc., a Florida corporation and Pulte Michigan Services, LLC., a Michigan limited liability company.

Pulte International Corporation owns 100% of the capital stock of Pulte International-Mexico, Inc., Pulte International Caribbean Corp., Pulte Chile Corporation, Pulte SA Corporation, Pulte Argentina Corporation and Pulte SRL Corporation, all Michigan corporations. Pulte SRL Corporation and Pulte Argentina Corporation each own 50% of Pulte S.R.L., an Argentine limited partnership.

Pulte International-Mexico, Inc. and PHC own 99.99% and .01%, respectively, of the capital stock of Controladora PHC, S.A. de C.V. (Controladora), a Mexican corporation. Pulte International-Mexico, Inc. owns .7% of Nantar S. de R.L. de C.V., .01% of Pulte Bajio Construcciones S. de R.L. de C.V. and .01% of Pulte Mexico Division Centro Sur S. de R.L. de C.V., .01% of Pulte Internacional Mexico S. de R.L. de C.V. and .01% of Condak Pulte S. de R.L. de C.V., all Mexican limited liability companies. Controladora owns 99.3% of Nantar, S. de R.L. de C.V., a Mexican limited liability company, 63.8% of Pulte Mexico S. de R.L. de C.V. (Pulte Mexico), a Mexican limited liability company, 25% of Residencial Riviera, S.A. de C.V., a Mexican corporation, and 25% of Ciudad Riviera, S.A. de C.V., a Mexican corporation. Pulte Mexico owns 99.99% of Condak Pulte, S. de R.L. de C.V., 99.99% of Pulte Internacional Mexico, S. de R.L. de C.V., 99.99% of Pulte Mexico Division Centro Sur S. de R.L. de C.V. and 99.99% of Pulte Bajio Construcciones S. de R.L. de C.V., all Mexican limited liability companies.

Pulte International Caribbean Corp. owns 100% of the capital stock of Pulte International Building Corporation, a Michigan corporation. Pulte International Building Corporation owns 50% of Desarrolladores Urbanos (Canovanas) SE, 50% of Mayaguez Partners, S.E., and 50% of Andrea’s Court, S. E., all Puerto Rican general partnerships.

Pulte Chile Corporation owns 99% and Pulte SA Corporation owns 1% of Pulte de Chile Limitada, a Chilean limited partnership. Pulte Chile Corporation owns 99.9% and Pulte SA Corporation owns .1% of Residencias del Norte Limitada, a Chilean limited liability company.

DiVosta and Company, Inc. owns 100% of the capital stock of Abacoa Homes, Inc., DiVosta Homes, Inc., Florida Building Products, Inc., Florida Club Homes, Inc., Hammock Reserve Development Company, Island Walk Development Company, RiverWalk of the Palm Beaches Development Company, Inc., DiVosta Building Corporation, Village Walk Development Company, Inc., Island Walk Realty, Inc. and DiVosta Home Sales, Inc., all Florida corporations. DiVosta and Company, Inc. owns 100% of the capital stock of PH3 Corporation, a Michigan corporation and 100% of Wellington Acquisition I, LLC, a Florida limited liability company.

PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (continued)

PFCI owns 100% of the capital stock of Guaranteed Mortgage Corporation III, a Michigan corporation.

Radnor Homes, Inc. owns 25.6% and RN Acquisition 2 Corp. owns 74.4% of Pulte Homes Tennessee Limited Partnership, a Nevada limited partnership.

PHS Virginia, Inc. owns 100% of Pulte Home Sciences of Virginia, LLC, a Michigan limited liability company.

PC/Palm Beach, Inc. owns 50% of Florida Investment Venture, a general partnership.

PB Venture L.L.C. owns 100% of PC/BRE Venture L.L.C., a Delaware limited liability company.

PC/BRE Venture L.L.C. owns 100% of PC/BRE Development L.L.C., PC/BRE Whitney Oaks L.L.C., PC/BRE Winfield L.L.C. and PC/BRE Springfield L.L.C., all Delaware limited liability companies, and 40% of the capital stock of Springfield Realty Corporation, a Michigan corporation.

PC/BRE Springfield L.L.C. owns 88% of Springfield Golf Resort, L.L.C., an Arizona limited liability company.

Marquette Title Insurance Company owns 100% of Pulte Services California, LLC, a Michigan limited liability company.

PHC owns 100% of the capital stock or is sole member of the following subsidiaries:

	Place of
Company Name	Incorporation/Formation
Pulte Mortgage Corporation (1)	Delaware
Pulte Homes of Michigan Corporation (2)	Michigan
Dean Realty Company (3)	Michigan
Lexington Oaks Golf Club, Inc.	Florida
Preserve I, Inc. (4)	Michigan
Preserve II, Inc. (4)	Michigan
TVM Corporation (5)	Michigan
Pulte Homes of Minnesota Corporation	Minnesota
Pulte Home Corporation of The Delaware Valley (6)	Michigan
PBW Corporation (7)	Michigan
Wil Corporation (7)	Michigan
Homesite Solutions Corporation	Michigan
Pulte Homes of South Carolina, Inc.	Michigan
Pulte Lifestyle Communities, Inc.	Michigan
Pulte Payroll Corporation	Michigan
PHC Title Corporation (8)	Michigan
PQL Realty Corporation	Michigan
Pulte Land Development Corporation	Michigan
Pulte Homes of Greater Kansas City, Inc.	Michigan
PN I, Inc. (9)	Nevada
PN II, Inc. (9)	Nevada
Pulte Home Corporation of New England (10)	Michigan
PHT Title Corporation (11)	Michigan
Frederick Holding Corp.	Michigan
Lone Tree Golf Club, LLC	Michigan
Pulte Michigan Holdings Corporation (12)	Michigan
Chandler Natural Resources Corporation (13)	Michigan
Edinburgh Realty Corporation	Michigan

PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (continued)

Pulte Homes of New York, Inc.	Michigan
PH2 Corporation	Michigan
Pulte Homes of Michigan II, LLC	Michigan
PHNE Business Trust (14)	Massachusetts
Fox Glen Retreat, L.L.C	Michigan
Gatestone, L.L.C	Michigan
Pulte Development Corporation (15)	Michigan
Pulte Services Corporation	Michigan
August Woods, LLC	Maryland
Campus Lakes, LLC	Maryland
Carr’s Grant, LLC	Maryland
Harrison Hills, LLC	Maryland
Lyons, LC	Maryland
One Willowbrook, LLC	Maryland
Grand Place Hayward, LLC	California

PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (continued)

1)	Effective January 1, 2003, Pulte Mortgage Corporation changed its legal form of entity to a limited liability company under the name Pulte Mortgage, LLC. Pulte Mortgage Corporation owns 100% of the capital stock of PCIC Corporation and Pulte Funding, Inc., both Michigan corporations, Joliet Mortgage Reinsurance Company, a Vermont corporation, Del Webb Mortgage Corporation, an Arizona corporation and 22.2% of the capital stock of Hipotecaria Su Casita, S.A. De C.V., a Mexican corporation.
2)	Pulte Homes of Michigan Corporation owns 100% of the capital stock of Gulf Partners, Inc., Sean/Christopher Homes, Inc., and Pulte-IN Corporation, all Michigan corporations, 100% of the capital stock of Pulte Homes of Ohio Corporation, an Ohio corporation, 100% of Pulte Home Sciences LLC and Pulte Homes of Ohio LLC, both Michigan limited liability companies, 1% of Haggerty Hills Limited Partnership, a Michigan limited partnership and 99% of the capital stock of Pulte Homes of Michigan I Limited Partnership, a Michigan limited partnership. Gulf Partners, Inc. owns 99% of Haggerty Hills Limited Partnership, a Michigan limited partnership and 1% of Grayhaven Estates Limited, L.L.C., a Michigan limited liability company. Sean/Christopher Homes, Inc. and Pulte-IN Corporation each own 50% of Pulte Homes of Indiana, LLC, an Indiana limited liability company. Pulte Homes of Ohio Corporation owns 100% of Butterfield Properties, LLC, an Ohio limited liability company.
3)	Dean Realty Company owns 100% of the capital stock of Pulte Real Estate Company, a Florida corporation.
4)	Preserve II, Inc. owns 99% and Preserve I, Inc. owns 1% of Pulte Communities NJ, Limited Partnership, a Michigan partnership. Preserve II, Inc. also owns 99% of Pulte Homes of NJ, Limited Partnership and 99% of Pulte Homes of PA, Limited Partnership, both Michigan partnerships. Pulte Homes of NJ, Limited Partnership owns 100% of P & H Clinton Partnership, a Michigan partnership. Preserve I, Inc. also owns 100% of the capital stock of HydroSource Acquisitions, Inc., a Michigan corporation.
5)	TVM Corporation owns 63% of PHM Title Agency L.L.C., a Delaware limited liability company.
6)	Pulte Home Corporation of The Delaware Valley owns 1% of Pulte Homes of NJ, Limited Partnership and 1% of Pulte Homes of PA, Limited Partnership, both Michigan partnerships.
7)	PBW Corporation owns 99% and Wil Corporation owns 1% of Wilben II Limited Partnership, a Maryland limited partnership. PBW Corporation owns 5% and Wil Corporation owns 95% of Wilben, LLLP, a Maryland limited partnership. Wil Corporation also owns 100% of Highlands One, H.D. Investments I, L.L.C., Bel North, LLC, and William’s Field at Perry Hall, L.L.C., all Maryland limited liability companies.
8)	PHC Title Corporation owns 80% of Pulte Title Agency of Minnesota, L.L.C., a Minnesota limited liability company, 99% of PHT Title Agency, L.P., a Texas limited partnership, 49% of Pulte Title Agency of Ohio, LLC, an Ohio limited liability company and 49% of Pulte Title Agency of Michigan, L.L.C., a Michigan limited liability company.
9)	PN I, Inc., owns .1% and PN II, Inc. owns 99.9% of Devtex Land, L.P. and Pulte Homes of Texas, L.P., both Texas limited partnerships. PN II, Inc. also owns 100% of the capital stock of Pulte Texas Holdings, Inc., a Michigan corporation. Pulte Homes of Texas, L.P. owns 100% of PHT Operating Company LLC, a Michigan limited liability company. Pulte Homes of Texas, L.P. owns 99.9% and PHT Operating Company LLC owns .1% of PHT Building Materials Limited Partnership, a Michigan limited partnership.
10)	Pulte Home Corporation of New England owns 99% of Willow Brook Associates Limited Partnership, a Massachusetts limited partnership, 100% of Hilltop Farms Development, LLC, Coachman’s Development, L.L.C. and Oceanside Village, LLC, all Michigan limited liability companies, 100% of the capital stock of MALDP Development Corporation, Herring Pond Development Corporation and GI Development Corporation, all Michigan corporations. GI Development Corporation owns 100% of Great Island Community, LLC, a Michigan limited liability company.

PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (continued)

11)	PHT Title Corporation owns 1% of PHT Title Agency, L.P., a Texas limited partnership.
12)	Pulte Michigan Holdings Corporation owns 1% of Pulte Homes of Michigan I Limited Partnership, a Michigan limited partnership.
13)	Chandler Natural Resources Corporation owns 100% of Chandler DJ Basin LLC, a Michigan limited liability company.
14)	PHNE Business Trust owns 100% of Pulte Homes of New England LLC, a Michigan limited liability company.
15)	Pulte Development Corporation owns 50% of PH Arizona LLC, a Michigan limited liability company. PH Arizona LLC owns 100% of the capital stock of Pulte Arizona Services, Inc., a Michigan corporation.

PHC is a member or owns capital stock in the following entities:

	Place of	Percentage
Entity Name	Formation	Ownership
Ashgrove Plantation L.L.C	Virginia		34.44	%
Buildinvest Limited Partnership	Maryland		33.33	%
Crosland/Piper Glen Ltd. Partnership	N. Carolina		31.37	%
Crosland/Wynfield Forest Limited Partnership	N. Carolina		28.57	%
Quantrell Mews, L.L.C	Virginia		20.00	%
Springfield Realty Corporation	Michigan		60.00	%
Spa L Builders LLC	California		38.60	%
Fallsgrove Associates LLC	Maryland		35.36	%
Chase Triple M, LLC	Delaware		51.61	%
Fieldstone Estates, L.L.C	Arizona		50.00	%
PH Arizona LLC	Michigan		50.00	%
Stetson Venture II, LLC	Arizona		50.00	%

PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (continued)

Del Webb owns 100% of the capital stock or is sole member of the following subsidiaries:

	Place of
Company Name	Incorporation/Formation
Del Webb’s Coventry Homes, Inc. (1)	Arizona
Del Webb’s Spruce Creek Communities, Inc. (2)	Arizona
Sun City Homes, Inc. (3)	Nevada
Del Webb Construction Services Co. (4)	Arizona
Del Webb Commercial Properties Corporation (5)	Arizona
New Mexico Asset Corporation (6)	Arizona
Del Webb Communities, Inc. (7)	Arizona
Bellasera Corp. (8)	Arizona
Asset One Corp. (9)	Arizona
Asset Five Corp.	Arizona
Del Webb California Corp.	Arizona
Del E. Webb Financial Corporation	Arizona
Del Webb Community Management Co.	Arizona
Del Webb Golf Corp	Arizona
Del Webb Homes, Inc.	Arizona
Del Webb Purchasing Company of Illinois, Inc.	Arizona
Del Webb Property Corp	Arizona
Del Webb Title Company of Nevada, Inc.	Nevada
Del Webb MidAtlantic Corp.	Arizona
DW Aviation Co.	Arizona
DW Homebuilding Co.	Arizona
Mountain View Two, LLC	Arizona
Sun City Title Agency of Illinois, Inc.	Arizona
Terravita Corp.	Arizona
Terravita Home Construction Co.	Arizona
PH4 Corporation	Michigan

PULTE HOMES, INC.
SUBSIDIARIES OF THE REGISTRANT (continued)

Del Webb also owns 100% of Asset Seven Corp., an Arizona corporation and 1% of New Mexico Asset Limited Partnership, an Arizona limited partnership.

1)	Del Webb’s Coventry Homes, Inc. owns 100% of the capital stock of Del Webb’s Coventry Homes Construction Co., Del Webb’s Coventry Homes of Nevada, Inc. and Trovas Construction Co., all Arizona corporations and 50% of 56th and Lone Mountain, L.L.C. an Arizona limited liability company.
2)	Del Webb’s Spruce Creek Communities, Inc. owns 100% of the capital stock of Spruce Creek South Utilities, Inc., a Florida corporation.
3)	Sun City Homes, Inc. owns 100% of the capital stock of Marina Operations Corp., an Arizona corporation.
4)	Del Webb Construction Services, Co. owns 100% of the capital stock of Del Webb Southwest Co., an Arizona corporation and 99% of Del E. Webb Development Co., L.P., a Delaware limited partnership. Del Webb Southwest Co. owns 100% of the capital stock of Del Webb Texas Title Agency Co., an Arizona corporation and 1% of Del Webb Texas Limited Partnership, an Arizona limited partnership.
5)	Del Webb Commercial Properties Corporation owns 100% of the capital stock of Del E. Webb Foothills Corporation, an Arizona corporation.
6)	New Mexico Asset Corporation owns 99% of New Mexico Asset Limited Partnership, an Arizona limited partnership.
7)	Del Webb Communities, Inc., owns 100% of the capital stock of Del Webb Limited Holding Co., Del Webb Home Construction, Inc., Del Webb Conservation Holding Corp., Del Webb’s Contracting Services, Inc., Sun City Title Agency Co., Sun State Insulation Co., Inc., Del Webb’s Sunflower of Tucson, Inc., all Arizona corporations, and Sun City Sales Corporation, a Michigan corporation. Del Webb Communities, Inc. also owns 1% of Del E. Webb Development Co., L.P., a Delaware limited partnership, 50% of The Marketplace at Anthem Village (LV) LLC and 50% of North Valley Enterprises, LLC, both Nevada limited liability companies. Del Webb Limited Holding Co. owns 99% of Del Webb Texas Limited Partnership, an Arizona limited partnership.
8)	Bellasera Corp. owns 100% of Anthem Arizona L.L.C., an Arizona limited liability company.
9)	Asset One Corp. owns 49% of Mountain View One LLC, an Arizona limited liability company.