Item 1.01 Entry Into a Material Definitive Agreement
On November 21, 2008, Pulte Homes, Inc. (the "Company") entered into the Third Amendment to Third Amended and Restated Credit Agreement (the "Amendment"). The Amendment was entered into by and among the Company, the lenders, guarantors, administrative agent, and others listed therein, with JPMorgan Chase Bank, N.A. serving as Administrative Agent. The amendment, among other things:
• decreases the borrowing capacity from $1.6 billion to $1.2 billion;

• establishes certain Liquidity Reserve Accounts in the event the Company fails to satisfy an interest coverage test;

• reduces the credit facility's uncommitted accordion feature from $2.25 billion to $1.75 billion; and

• amends the following financial covenants:

• debt to capitalization ratio limit, which has been raised to a fixed 55%;

• tangible net worth, to (i) $2.0 billion, plus (ii) 50% of net profits (with no deduction for net losses and excluding the effect of any decrease in any deferred tax valuation allowance) for each quarter subsequent to September 30, 2008, plus (iii) the amount of any reduction or reversal in deferred tax valuation allowances for each quarter subsequent to September 30, 2008;

A copy of the Third Amendment is filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits
Exhibit 10(a) Third Amendment to Third Amended and Restated Credit Agreement, dated November 21, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PULTE HOMES, INC.

Date: November 21, 2008 By: /s/ Steven M. Cook Name: Steven M. Cook Title: Vice President, General Counsel and Secretary