Peel, core, and slice apples. Place sliced apples in a medium skillet or saucepan and add the sugar. Place on burner and heat over medium heat, stirring constantly with a silicone spatula or wooden spoon. After about 5 minutes sugar should be completely melted.
Add butter to the pan when the sugar has completely melted, stir to combine. Add the pumpkin puree and the pumpkin pie spice to the pan and stir to combine.
Pour cream into the pan slowly while stirring gently. Allow apples to cook for another 5 minutes. Remove from heat, cover and set aside. Sauce will thicken as it cools.
Mix all ingredients for pancakes in a medium bowl.
Heat a non-stick skillet over medium heat or an electric griddle to 375 degrees. Coat your non-stick skillet or griddle lightly with butter or cooking spray.
Pour slightly less than ¼ cup of batter onto the pan or griddle. Cook until bubbles appear on the surface and the edges start to firm up. Using a spatula, gently flip the pancake and cook for another minute or until golden. Repeat with the remaining batter.
Serve pancakes with warm apples and cream sauce.