By Paul Owers
CoStar News
Summary: PulteGroup, a major U.S. homebuilder, is planning a 55-and-over development with around 700 homes near Savannah, Georgia, under its Del Webb brand. The community, called Heartwood, will feature resort-style amenities, including a 9,000-square-foot clubhouse, pools, pickleball courts, and a full-time lifestyle director. PulteGroup anticipates opening a sales center in spring 2025, with homes starting in the $400,000s. The company expects growth of 5-10% in 2025, driven by a nationwide housing shortage and potentially lower interest rates. PulteGroup sees these factors as opportunities to increase sales despite current high mortgage rates.