Welcome to our dedicated page for Tri Pointe Homes news (Ticker: TPH), a resource for investors and traders seeking the latest updates and insights on Tri Pointe Homes stock.
Tri Pointe Homes Inc (TPH) delivers innovative residential solutions through its network of regional homebuilding brands. This news hub provides investors and industry observers with authoritative updates on the company’s strategic initiatives and market developments.
Access consolidated coverage of TPH’s operational milestones including quarterly earnings disclosures, partnership announcements, and community development projects. Our curated feed tracks essential updates shaping the company’s position in competitive housing markets across California, Texas, and other key states.
Key focus areas include leadership changes impacting regional operations, advancements in sustainable construction practices, and land acquisition strategies. The collection also features analysis of market trends affecting TPH’s portfolio of premium single-family homes and condominiums.
Bookmark this resource for streamlined access to Tri Pointe Homes’ latest corporate developments. Check back regularly for verified updates on operational performance and design innovations in the dynamic homebuilding sector.
Tri Pointe Homes (NYSE: TPH) has broken ground on The Crossings at Lake Creek in Heber City, Utah, marking its entry into the Utah market. The planned community will feature 139 single-family homes with sales expected to begin in summer 2025.
The homes will offer up to eight bedrooms and 5,000 square feet of space including finished basements. The development will include amenities such as a clubhouse, pickleball courts, neighborhood pool, parks, a fishing pond, and 67 acres of open space and trails.
This expansion follows Tri Pointe's announcement of entering the Utah market in September 2023, with additional communities planned in West Jordan and Holladay. The company has also expanded into Florida and the Coastal Carolinas as part of its growth strategy. Tri Pointe's 'Best of Big and Small' approach combines local expertise with national resources.
Tri Pointe Homes (NYSE: TPH) has scheduled its fourth quarter 2024 financial results release for Tuesday, February 18, 2025, before market opening. The company will host a conference call at 7:00 AM Pacific (10:00 AM Eastern) on the same day to discuss the results.
The call will feature key executives including CEO Doug Bauer, COO Tom Mitchell, CFO Glenn Keeler, and EVP/CMO Linda Mamet. Participants can join toll-free at (877) 407-3982 or internationally at (201) 493-6780. The presentation will be available live with slides on the company's website under Events & Presentations in the Investors section.
A replay will be accessible for one week using reference number 13751349, with toll-free access at (844) 512-2921 or (412) 317-6671 for international callers.
Tri Pointe Homes (NYSE: TPH) announces Twinleaf Townes, a new 102-townhome community in Chapel Hill's Durham County section. The development features interior designs by celebrity designer Bobby Berk, offering six unique floorplans ranging from 2,098 to 2,317 square feet, with prices starting in the $400Ks.
Homebuyers can choose from 10 exclusive 'BB Edit' design collections. The townhomes will offer 3-4 bedrooms, 2-3 bathrooms, and 2-bay garages. Three model homes, personally curated by Berk, will open in March 2025. The community is strategically located near Research Triangle Park, major universities, and the Raleigh-Durham International Airport.
Tri Pointe Homes (NYSE:TPH) has announced a new $250 million stock repurchase program effective through December 31, 2025. Under the previous 2024 program, the company has already repurchased 1.2 million shares at $41.57 per share in Q4 2024 (through December 17), totaling $50 million. For the full year through December 17, 2024, TPH repurchased nearly 4 million shares at $36.97 per share, amounting to $146.6 million.
The new program allows for purchases through open market transactions, block trades, or other means in accordance with federal securities laws. The company maintains flexibility in the program's execution, with no obligation to repurchase any specific amount and the ability to modify or suspend the program based on various factors including market conditions and corporate requirements.
Tri Pointe Homes (NYSE: TPH) has been named to the 2024 Fortune Best Workplaces for Parents™ list, following recent recognitions including 2024 People® Companies That Care®, Best Workplaces in Construction™, and Best Workplaces for Women™. The company offers comprehensive family-focused benefits including up to 12 weeks of paid leave for new mothers, a Family Forming and Hormonal Health program, and flexible scheduling.
The recognition is based on survey responses from over 635,000 employees with parenting responsibilities. Notably, 89% of Tri Pointe employees agreed they are encouraged to balance work and personal lives, while 85% acknowledged the company's special and unique benefits. The company covers 80% of medical insurance premiums and provides three weeks vacation upon hire.
Tri Pointe Homes (NYSE: TPH) has acquired 178 single-family detached homesites in Minneola's Sugarloaf Mountain planned community, marking its entry into the Greater Orlando market. The new community, Pine Ridge at Sugarloaf Mountain, will feature 15.87 acres of open space with amenities including a neighborhood park, amenity center, and ponds. The development will offer three homesite sizes (45-, 55-, and 65-feet) targeting premium entry level and move-up homebuyers. Construction is expected to begin in mid-2025, with model homes slated for mid-2026 and a grand opening in September 2026. The expansion aligns with Minneola's significant population growth of 30% between 2020 and 2023.
Tri Pointe Homes (NYSE: TPH) has been named to the 2024 Fortune Best Workplaces for Women™ list for the third consecutive year. This recognition follows their inclusion on the 2024 PEOPLE® Companies That Care® and Fortune Best Workplaces in Construction™ lists. The company demonstrates strong commitment to workplace diversity, with 42% of management positions held by women as of December 2023. Since 2021, Tri Pointe has internally promoted 296 team members, with 62 women advancing to director-level positions or above. The company excels in recruiting and retaining women in traditionally male-dominated areas like construction and customer care, offering mentorship programs and professional development opportunities.
Tri Pointe Homes reported strong Q3 2024 results with home sales revenue increasing 35% to $1.1 billion and new home deliveries rising 32% to 1,619 units. The company achieved a homebuilding gross margin of 23.3%, up 100 basis points year-over-year, and diluted earnings per share of $1.18, representing a 55% increase. The average sales price increased 2% to $688,000, while SG&A expense decreased to 10.8% of home sales revenue. The company maintained a strong financial position with a record low homebuilding debt-to-capital ratio of 22.1% and total liquidity of $1.4 billion.
Tri Pointe Homes is now selling The Mews at Holding Village, the final new construction phase in Wake Forest's popular Holding Village neighborhood. Priced from the mid $300s, these two- and three-story townhomes offer low-maintenance living with 1,724-2,328 square feet of flexible space. Buyers can choose from five floorplans with 3-4 bedrooms, 2.5-3.5 baths, and a two-bay garage.
The community features 35 acres of open green space, including parks, a pool, a 15-acre lake, greenway trails, and playgrounds. Located in Wake Forest, residents have access to highly regarded schools, shopping centers, dining options, and outdoor recreation. Tri Pointe Homes will host a model opening event on November 16, 2024, showcasing the Wilson model for interested buyers.
Tri Pointe Homes (NYSE: TPH) received 13 awards at the Great American Living Awards 2024, including the grand awards for 'Home of the Year' and 'Salesperson of the Year'. The company's D.C. Metro division was recognized across categories of design & architecture, interior merchandising, and sales & marketing.
Notable wins include:
- The Flynn model at Del Ray Corner named 'Home of the Year'
- Best Interior Merchandising for various models
- Best Design and Architecture for multiple attached and detached homes
- Outstanding Sales Person and Design Center Manager awards
- The Jim Vance Public Relations Campaign Award for 'Bobby Berk Partnership'
Brad Blank, president of Tri Pointe Homes D.C. Metro Division, expressed pride in the team's dedication and commitment to exceptional homebuilding in the DMV area.
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