Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CREGG ROGER A
   2. Issuer Name and Ticker or Trading Symbol
PULTE HOMES INC/MI/ [PHM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec VP, Chief Fin Officer
(Last)
(First)
(Middle)
100 BLOOMFIELD HILLS PKY., SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
12/05/2008
(Street)

BLOOMFIELD HILLS, MI 48304		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/05/2008   M   100,000 A $ 7.1797 573,379 D  
Common Stock 12/05/2008   S   79,500 D $ 11.04 (1) 493,879 D  
Units               39.723 (2) I By 401(k) Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 7.1797 12/05/2008   M     100,000 01/04/2001(3) 01/04/2009 Common Stock 100,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CREGG ROGER A
100 BLOOMFIELD HILLS PKY.
SUITE 300
BLOOMFIELD HILLS, MI 48304		       Exec VP, Chief Fin Officer  

Signatures

 /s/ Roger A. Cregg   12/05/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This is the average price of all shares sold. The actual sale details are: 5000 at $10.60; 10000 at $10.65; 5000 at $10.70; 10000 at $10.75; 5000 at $10.85; 5300 at $10.8611; 2700 at $10.90; 900 at $11.00; 5000 at $11.0602; 5000 at $11.3698; 5500 at $11.40; 15000 at $11.50; and 5100 at $11.55
(2) Represents units of the Pulte Homes, Inc. Stock Fund (the Fund) of the Pulte Homes Inc. 401(k) Plan. The Fund consists of cash and Common Stock in amounts that vary from time to time. The reporting person's units represent 84.221 shares of Pulte Homes, Inc. Common Stock held in the Fund as of 11/30/08.
(3) These options vested 50% on 1/4/2001, and 25% on 1/4/2002 and 1/4/2003.

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