New community showcases how underutilized commercial properties can help address housing shortages through redevelopment
OREM, Utah--(BUSINESS WIRE)--Tri Pointe Homes, Inc., one of the nation’s largest homebuilders, has unveiled Canyon Park, a new residential community built on a portion of the former site of the WordPerfect headquarters in Orem, Utah. The community turns 25 acres of the one-time campus into a neighborhood designed to meet growing housing demand along Utah's Wasatch Front.
The opening demonstrates an important strategy for addressing housing shortages in fast-growing metropolitan areas: redeveloping underutilized commercial properties to create much-needed housing.
As Salt Lake City and surrounding communities continue to experience population and economic growth, housing inventory has struggled to keep pace. Canyon Park highlights how existing land can be reimagined to create new housing opportunities while leveraging infrastructure, transportation access, and community amenities.
"The housing challenges facing growing regions like Utah’s Wasatch Front require innovative solutions," said Tri Pointe Homes Utah Division’s Vice President of Land Acquisition and Development, Bryon Prince. “Canyon Park shows what is possible when builders look beyond traditional approaches and find opportunities to reimagine former commercial properties into places where people can live, work, and thrive."
For decades, the site of Canyon Park was once part of the campus that housed WordPerfect, one of Utah's most influential technology companies and a cornerstone of the state's early technology industry.
The transition reflects a broader national trend as cities and suburbs seek ways to increase housing supply without relying solely on outward expansion. Aging office campuses and other commercial sites whose original purposes no longer align with market demand are increasingly being viewed as opportunities to create much-needed housing in desirable, connected locations.
With pressure on housing affordability, infrastructure, and available developable land, many industry experts view site repurposing and land use strategies as critical for creating sustainable growth.
The new community is also an example of how homebuilders can prioritize sustainability. In order to maximize the life of the site’s existing infrastructure, Tri Pointe Homes created a civil design plan that included mobilizing equipment from neighboring states to break down asphalt, rebar, and other scrap materials for reuse or recycling.
In total, the builder was able to divert 57,900 tons of material from landfills in developing Canyon Park, recycling or repurposing them instead. Material recycled included 560,511 square feet of asphalt. The community will also include 247 new trees, which will be planted over the course of construction.
Located in Orem, Canyon Park provides residents with convenient access to employment centers, schools, shopping, recreation, and regional transportation corridors. The community is the largest residential development the city has seen in the last decade and is designed to contribute to the area's long-term housing needs.
Tri Pointe Homes opened its Utah division in January 2024 and has an office in Salt Lake City’s Sugar House neighborhood. With the combination of an experienced Utah-based team, and the resources of a large national homebuilder, Tri Pointe is uniquely positioned to match the unmet needs of Utah homebuyers through extensive research and a high-touch, customer-driven design experience.
Canyon Park is a community of approximately 79 homesites located at 534 E 1225 N, Orem. The community’s homes range from three- to seven-bedrooms. Some homes feature private courtyards, covered outdoor living, flexible office or gym spaces, and optional finished basements. Community amenities include a spacious park and easy access to nearby trails, parks, and shopping.
For more information on Canyon Park, or to schedule a tour, visit https://www.tripointehomes.com/ut/salt-lake-city/canyon-park.
About Tri Pointe Homes®
One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. has a presence in 13 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. The company is one of the 2026 Fortune World’s Most Admired Companies, 2026 Fortune 100 Best Companies to Work For®, and recognized as a PEOPLE Companies That Care® (2023-2025) organization. The company was also named a Great Place To Work-Certified company for five years in a row and named on several Great Place To Work® Best Workplaces lists. Tri Pointe has also won multiple Builder of the Year and Developer of the Year awards. TriPointeHomes.com.
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Tillys Inc (NYSE:TLYS)Tri Pointe Homes Inc (NYSE:TPH) On Feb. 25, Tri Pointe Homes posted upbeat quarterly earnings. The company's stock gained around 27% over the past month and has a 52-week high of $46.62. RSI Value: 81.5 TPH Price Action: Shares of Tri Pointe Homes fell 0.1% to close at $46.38 on Wednesday. Edge Stock Ratings: 85.48 Momentum score with Value at 88.33. Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare.
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Dynamic Technology Lab Private Ltd lessened its stake in shares of Tri Pointe Homes Inc. (NYSE: TPH) by 77.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,230 shares of the construction company's stock after selling 31,901 shares during the quarter.
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Tri Pointe Homes, Inc. (NYSE: TPH)'s sale to Sumitomo Forestry Co., Ltd. for $47.00 per share. If you are a Tri Pointe shareholder, click here to learn more about your legal rights and options.
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NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Tri Pointe Homes, Inc. (NYSE: TPH) to Sumitomo Forestry Co., Ltd. Under the terms of the proposed transaction, shareholders of Tri Pointe will receive $47.00 in cash for each share of Tri Pointe that they own. KSF is seeking to determine whether this consideration and the process that led to it.
BELLEVUE, Wash.--(BUSINESS WIRE)--Tri Pointe Homes® has sold its 20,000th home in Washington State, marking an achievement in a Pacific Northwest homebuilding legacy that began in 1969 and spans the company's Quadrant Homes® era under Weyerhaeuser. The milestone sale took place at Alterra in Newcastle, Wash., with returning Tri Pointe customers who previously purchased a home in the company's Aldea community in 2020. Their purchase offers a current-day example of the longstanding relationships.
Shares of Tri Pointe Homes Inc. (NYSE: TPH - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12
SALT LAKE CITY, March 26, 2026 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the U.S., today announced the launch of LivingWell™ in Holladay, Utah. Located within The Pavilions at Holladay Hills, LivingWell is an exclusive collection of six one-of-a-kind luxury estate homes by Tri Pointe Homes, featuring a fully merchandised model, now under construction, designed to demonstrate how whole-home wellness can support meaningful emotional, physical, and social experiences. The home builds on Tri Pointe’s LivingSmart® program – a long-standing commitment to sustainability, energy efficiency, and responsible building practices – by pairing it with LivingWell’s holistic approach to purposeful living. Where LivingSmart® focuses on how a home performs, LivingWell expands the conversation to how a home feels, integrating elements like light, flow, comfort, connection, and adaptability into the architecture, interiors, landscape, and products to support everyday life.
“LivingWell reflects Tri Pointe’s deliberate effort to explore how wellness can shape the way homes are designed and experienced,” said Tom Mitchell, Tri Pointe Homes president and chief operating officer. “As the demands of modern life evolve, homebuyers are seeking spaces that actively contribute to how they feel, and the home should serve as an anchor where wellness is found. We see an opportunity to strategically evolve the strong foundation of LivingSmart® and show how homes can better support the rhythms of daily life. LivingWell represents that next step, bringing together architecture, interiors, materials, and systems in a more integrated and design-forward approach to whole-home wellness. We’re putting a stake in the ground for what an intentional approach to wellness-driven living can be.”
Wellness-Driven Design Considerations
Located just 20 minutes from downtown Salt Lake City, the LivingWell model home at The Pavilions at Holladay Hills features approximately 7,772 square feet across three stories, with 6 bedrooms, 9 bathrooms (2 full, 5 three-quarter, and 2 half), and a 4-bay garage, including a carriage home above the garage for guests or multigenerational living. Designed as a contemporary English manor with year-round outdoor comfort features in mind, the home combines traditional estate-style elegance with modern innovation, highlighted by timeless transitional architecture and “Cotswolds Rustic” interior styling.
Centered around a private interior courtyard, the home is designed to draw natural light deeper into the home, create stronger sightlines to outdoor spaces, guide intuitive circulation between spaces, and shape a calmer interior experience through privacy, openness, and connection to the landscape. Planned outdoor amenities include a pool, spa, firepit, orchard, raised gardening beds, and a cabana with a cooktop, refrigerator, and sink.
“The LivingWell model home brings Tri Pointe’s vision for whole-home wellness to life in one of Utah’s most desirable locations,” said Ken Krivanec, division president of Tri Pointe Homes Utah and Washington. “We’re remaining true to Tri Pointe’s long-standing reputation for delivering premium homes rooted in thoughtful design and connection to place, but LivingWell takes it another step further. As we continue expanding in Utah, LivingWell will demonstrate how light, landscape, and wellness-driven spaces can create restorative environments that represent the future of living here.”
LivingWell’s wellness integration is expressed throughout the home in tangible ways through intentional design considerations:
Nutrition and Gathering: Chef-inspired kitchens and prep spaces support cooking, hosting, and daily connectionSocial Interaction and Movement: Open, connected living areas and the indoor-outdoor flow encourage social engagement and ease of movement throughout the homeMindfulness and Renewal: Quiet zones and restorative bathrooms create opportunities for reflection, relaxation, and restorationBalance and Adaptability: Flexible rooms make it easier to shift between work, rest, leisure, and personal growth over timeLight and Spatial Experience: Natural light, material selections, and spatial flow reinforce a sense of balance and calm throughout the residence The home’s finished basement is planned to feature a recreation room, wellness room/gym, kitchen area, flexible bedroom space, abundant storage, and dedicated cold storage, while light wells bring in added natural light and create visual connections to planted exterior spaces that feel more open and aesthetically pleasing below grade. A dedicated pet wellness station with an integrated pot filler also reflects the home’s attention to everyday routines, offering freshwater access while keeping the feeding area clean and organized. At the community level, the home is also designed to connect with the larger Holladay Hills lifestyle ecosystem, including walkable access to trails, plazas, dining, retail, and entertainment.
Engineering Wellness from the Inside Out
LivingWell distinguishes itself by viewing wellness through a whole-home design lens rather than limiting it to a single room, amenity, or aesthetic layer. The home extends wellness into the materials, mechanics, and behind-the-walls construction decisions that influence how the home operates day to day. Beyond the home design, integrated smart home technology is intended to support comfort, convenience, privacy, and efficiency. These systems include home control automation, as well as automated lighting and roller shades to encourage circadian-friendly daily rhythms, Wi-Fi thermostat integration, and remote monitoring capabilities that allow homeowners to manage key functions from virtually anywhere. LivingWell is also prepared for long-term resilience with prewiring for a generator, a conduit for future solar installation, and structured wiring that supports whole-home connectivity and systems integration.
Performance-focused building features include tankless water heaters for on-demand hot water, engineered ducting and duct sealing, blown-in insulation, as well as insulation between floors and walls for thermal performance and sound control, advanced framing techniques that support a stronger thermal envelope, and high-efficiency air conditioning. Indoor comfort and air quality are also supported by a whole-home humidifier, a heat recovery ventilator system that exchanges stale indoor air with fresh, filtered outdoor air while recycling up to 90% of heating and cooling energy, and a MERV 13 filtration system designed to capture fine particles, allergens, and pollutants. Low-VOC finishes, including paint and flooring selections, contribute to a healthier interior. Structural systems behind the walls also add to the experience by enabling open, connected spaces and quieter, more stable floors.
The Collaborative Partners Behind the Home
To bring the LivingWell model home to life, Tri Pointe Homes teamed up with industry leaders that helped express the home’s wellness-driven design through their respective expertise, including:
Bobby Berk: The design expert, Emmy-winning TV host, and author led the interior design and merchandising to create a warm, modern, highly livable interior environment rooted in comfort and function. The approach reflects Bobby Berk’s signature aesthetic and supports the home’s broader LivingWell focus on everyday ease, emotional well-being, and intentional living through layered natural materials, restorative spaces, and design that feels refined while still comfortable for daily living.Bassenian Lagoni Architects: Developed the architectural concept with an emphasis on indoor–outdoor connectivity, abundant natural light (including strategies intended to support circadian rhythms), and cross-ventilation through operable doors and windows. The distinctive exterior features elevated rooflines, enhanced glazing, custom metal and wood accents, premium detailing, and a thoughtful orientation that maximizes natural light, privacy, and scenic mountains.PKJ Design Group: Crafted the landscape plan as an extension of the home’s LivingWell philosophy, with spaces of shade and refuge, pollinator-friendly and edible plantings, and a plant palette that incorporates two varieties of dwarf apple trees, two varieties of grapevines, and herbs like sage and lavender. Permeable paving and a smart irrigation approach, including a WaterSense controller, support a landscape designed to work with the site and seasons while reinforcing sensory connection to nature.Brizo®: Provided kitchen and bath fixtures that strengthen LivingWell’s focus on elevated design, wellness, and intentional daily rituals. In the chef-inspired kitchen and prep spaces, Brizo® fixtures serve as sculptural focal points that support gathering and everyday use. In the bathrooms, coordinated faucets, tub fillers, and shower systems help create spa-like environments centered on restoration. Together, these elements support the daily rituals of cooking, gathering, and renewal.James Hardie: Provided Hardie® fiber cement siding to support long-lasting beauty, personalized design, and trusted protection without sacrificing durability. This low-maintenance exterior helps resist damage from fire1, water, and extreme weather, holds little appeal for pests, and supports the home’s emphasis on durability and long-term resilience.Founding Sponsors: The LivingWell model home is also supported by founding sponsors The Sherwin-Williams Company, Shaw, Weyerhaeuser, and Builders FirstSource. “Our partners exemplify the high standards of quality, innovation, and craftsmanship that align with Tri Pointe Homes’ mission to create life-changing design and premium lifestyle experiences,” said Mitchell. “These partnerships allow us to explore new ideas and advance the way homes are designed and experienced. We believe LivingWell will help inspire a new evolution of wellness-focused design across Tri Pointe communities nationwide in the years ahead.”
As Tri Pointe continues its strategic evolution of LivingSmart®, the LivingWell model home serves as a design-forward benchmark for how wellness concepts and features can influence homes and communities across the company’s growing market portfolio. The model home is anticipated to be completed in Q2 2026, with sales for all six estate residences expected to begin at the same time. The Pavilions at Holladay Hills will include five additional one-of-a-kind homes, with residences ranging from approximately 4,600 to 7,800 square feet. Buyers will have the opportunity to personalize select options on the non-modeled homes, either by building from Bobby Berk’s pre-designed interior plans or by personalizing those designs through Tri Pointe’s Design Studio. For more information, please visit tripointehomes.com/livingwell-home.
About Tri Pointe Homes®
One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company operating in 12 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards and was named 2024 Developer of the Year. The company is one of the 2026 Fortune World’s Most Admired Companies, 2023 and 2025 Fortune 100 Best Companies to Work For® and was designated as one of the PEOPLE Companies That Care® for three consecutive years (2023 through 2025). The company was also named as a Great Place To Work-Certified™ company for five years in a row (2021 through 2025) and was named on several Great Place To Work® Best Workplaces list (2022 through 2025). TriPointeHomes.com
About Bobby Berk
Bobby Berk is a design expert, Emmy-winning TV host, and author. He rose to prominence in 2018 for his work transforming lives and living spaces on Netflix’s Queer Eye, and has since established himself as a preeminent leader in the design industry. Bobby leads his eponymous multi-faceted brand, including comprehensive lifestyle destination BobbyBerk.com, while his design firm has become one of the most sought after in the home building industry. Berk is also the author of Right at Home: How Good Design Is Good For The Mind and the host of the TV series, Junk or Jackpot? on HGTV.
About Bassenian Lagoni Architects
Bassenian Lagoni Architects brings a unique vision and sense of aesthetics to the design, theming and planning of homes and neighborhoods. Since its founding nearly 50 years ago, our practice has become synonymous with design innovation; earning the firm a unique status as the go-to provider of market-leading architectural solutions to complex design challenges. A keen eye for detail has garnered the firm an unprecedented number of industry design awards. Our team prides itself on being on the leading edge of architecture, helping to define the trends rather than just replicating them, and designing the homes that enhance the lives of those that live in them. bassenianlagoni.com.
About PKJ Design Group
PKJ Design Group, L.L.C. is a Landscape Architecture, Planning, Environmental Engineering, and Graphic Innovation firm licensed in 11 states along the Rocky Mountains. Our positive relationships and efficient procedures produce more specialized, interactive, and award-winning designs that meet deadlines and budgets. We strive in each design to understand the appropriate plantings for specific areas with horticulturists and environmental engineers on staff to help provide a wholistic and intentional design. We understand how to utilize resources in appropriate and restorative ways, and we aim to be at the forefront of conversations for creating landscapes that are both beautiful and sustainable. pkjdesigngroup.com
About Brizo®
At Brizo®, we create statement pieces for those who live to make statements. Distinctive design, artful craftsmanship, and inspired innovation define every collection-all in service of self-expression and spaces that reflect your vision. We're proud to be a brand trusted by design leaders and recognized globally. Our collections don't just meet expectations-they earn recognition, with prestigious honors like ADEX Platinum, Luxe RED Awards, and Architectural Digest Great Design distinctions. We also collaborate with icons like the Frank Lloyd Wright Foundation and fashion designer Jason Wu, bringing architectural and fashion-forward influence to our designs-and to the spaces that specify us. brizo.com
About James Hardie
At James Hardie, we’re driven by a purpose of Building a Better Future For All™. As a global leader in durable home exterior and outdoor living products, we empower homeowners and professionals with solutions that deliver timeless beauty, reliable protection, and design freedom. James Hardie invented modern fiber cement siding over 30 years ago. Today, we continue to lead the charge with advancements on every front: product and design innovation, industry innovation, and organizational innovation. jameshardie.com.
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1 Hardie® fiber cement products are noncombustible and/or have a Class A fire rating when tested in accordance with ASTM E84. The use of noncombustible siding, combined with other fire mitigation measures, may help harden a home against external fire.
Photos accompanying this announcement are available at
Assenagon Asset Management S.A. trimmed its stake in Tri Pointe Homes Inc. (NYSE:TPH – Free Report) by 79.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,948 shares of the construction company’s stock after selling 403,392 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of Tri Pointe Homes worth $3,208,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after purchasing an additional 345 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Tri Pointe Homes during the 3rd quarter worth about $44,000. Farther Finance Advisors LLC increased its position in shares of Tri Pointe Homes by 306.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,043 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Tri Pointe Homes by 33.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after purchasing an additional 401 shares during the last quarter. Finally, Pinnacle Holdings LLC bought a new position in Tri Pointe Homes during the 3rd quarter valued at about $64,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total transaction of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares of the company’s stock, valued at approximately $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.
Tri Pointe Homes Stock Up 0.1% NYSE:TPH opened at $46.72 on Monday. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.63 and a current ratio of 2.63. The stock’s fifty day moving average price is $41.98 and its two-hundred day moving average price is $36.12. Tri Pointe Homes Inc. has a 52-week low of $27.90 and a 52-week high of $46.76.
Tri Pointe Homes (NYSE:TPH – Get Free Report) last released its earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The company had revenue of $972.63 million during the quarter, compared to analysts’ expectations of $917.86 million. During the same period last year, the firm earned $1.37 EPS. The business’s revenue for the quarter was down 22.5% on a year-over-year basis. On average, analysts anticipate that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.
Wall Street Analyst Weigh In Several analysts have weighed in on TPH shares. Citizens Jmp began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Citigroup began coverage on shares of Tri Pointe Homes in a research note on Wednesday, January 7th. They issued an “outperform” rating for the company. Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their price target on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.50.
Get Our Latest Analysis on Tri Pointe Homes
About Tri Pointe Homes (Free Report)
Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.
Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.
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Tri Pointe Homes Inc. (NYSE:TPH – Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $46.81 and last traded at $46.7230, with a volume of 1047 shares traded. The stock had previously closed at $46.70.
Wall Street Analyst Weigh In TPH has been the subject of several recent research reports. Citizens Jmp began coverage on shares of Tri Pointe Homes in a research report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tri Pointe Homes in a research note on Tuesday, January 27th. Oppenheimer downgraded Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Royal Bank Of Canada increased their target price on Tri Pointe Homes from $31.00 to $47.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Finally, Citigroup started coverage on Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.50.
View Our Latest Stock Analysis on Tri Pointe Homes
Tri Pointe Homes Trading Down 0.1% The company’s fifty day simple moving average is $42.68 and its two-hundred day simple moving average is $36.34. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.33.
Tri Pointe Homes (NYSE:TPH – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $972.63 million during the quarter, compared to analyst estimates of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The firm’s revenue was down 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. Research analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current fiscal year.
Insider Transactions at Tri Pointe Homes In other Tri Pointe Homes news, Director Steven J. Gilbert sold 50,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares in the company, valued at $1,405,188.90. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.20% of the company’s stock.
Hedge Funds Weigh In On Tri Pointe Homes Several institutional investors have recently modified their holdings of TPH. Royal Bank of Canada increased its stake in Tri Pointe Homes by 19.1% during the 1st quarter. Royal Bank of Canada now owns 72,740 shares of the construction company’s stock worth $2,322,000 after purchasing an additional 11,668 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Tri Pointe Homes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,879 shares of the construction company’s stock valued at $1,752,000 after buying an additional 2,398 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Tri Pointe Homes by 37.5% in the second quarter. JPMorgan Chase & Co. now owns 877,599 shares of the construction company’s stock valued at $28,039,000 after buying an additional 239,238 shares during the period. Legal & General Group Plc increased its position in shares of Tri Pointe Homes by 1.9% during the second quarter. Legal & General Group Plc now owns 265,762 shares of the construction company’s stock worth $8,491,000 after acquiring an additional 5,066 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Tri Pointe Homes by 3.1% during the second quarter. Prudential Financial Inc. now owns 94,465 shares of the construction company’s stock worth $3,018,000 after acquiring an additional 2,826 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.
About Tri Pointe Homes (Get Free Report)
Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.
Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.
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O'Keefe Stevens Advisory, Inc. fully exited its position in Tri Pointe Homes (TPH +0.00%), according to an SEC filing dated April 7, 2026, selling 430,731 shares for an estimated $17.52 million based on quarterly average pricing.
What happenedAccording to an SEC filing dated April 7, 2026, O'Keefe Stevens Advisory, Inc. sold its entire holding of 430,731 shares in Tri Pointe Homes. The estimated transaction value was $17.52 million based on the average closing price for the quarter. This brings the fund’s post-trade position in Tri Pointe Homes to zero shares, eliminating its exposure to the stock.
What else to knowThis was a complete exit.Top holdings after the filing:NASDAQ: NVDA: $63.57 million (15.7% of AUM)NYSE: HCC: $27.26 million (6.7% of AUM)NYSE: GLW: $24.36 million (6.0% of AUM)NYSE: AER: $20.14 million (5.0% of AUM)NYSE: SPHR: $19.81 million (4.9% of AUM)As of April 6, 2026, Tri Pointe Homes shares were priced at $46.79, up 54.9% over the past year and outperforming the S&P 500 by 30.09 percentage pointsCompany OverviewMetricValueRevenue (TTM)$3.47 billionNet Income (TTM)$241.08 millionPrice (as of market close 2026-04-06)$46.79One-Year Price Change54.88%Company SnapshotTri Pointe Homes, Inc. designs, constructs, and sells single-family attached and detached homes across the United States, operating under six regional brands.The company generates revenue primarily through home sales and also offers mortgage financing, title and escrow, and property and casualty insurance services.Its primary customers are individual homebuyers in various U.S. markets.What this transaction means for investorsWith Tri Pointe shares up nearly 55% over the past year and a pending acquisition in play, this move looks more like locking in gains amid a defined catalyst window than a view on deteriorating fundamentals.
That context matters because Tri Pointe’s underlying business has been mixed even as the stock rallied. Full-year revenue declined to $3.4 billion from $4.4 billion, while net income fell to $241 million from $458 million. Orders and deliveries were also down double digits, and backlog value dropped 42% year over year, pointing to softer forward demand. Meanwhile, margins compressed as well, with homebuilding gross margin falling to 21.0% from 23.3%. This all comes as the announced acquisition by Sumitomo Forestry introduces a ceiling on near-term upside, effectively shifting the stock from a growth story to a merger-arbitrage trade.
Ultimately, the exit likely reflects positioning around a catalyst and not necessarily a judgment on long-term viability. The bigger question is whether housing demand and margins stabilize post-cycle, especially if the deal closes and resets valuation expectations.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AerCap, Corning, and Nvidia. The Motley Fool recommends the following options: long January 2027 $60 calls on AerCap. The Motley Fool has a disclosure policy.
SNOQUALMIE, Wash.--(BUSINESS WIRE)--The final community at Snoqualmie Ridge, one of the Eastside's largest and most influential planned communities, is now selling. This marks the end of a multi-decade buildout that has helped define residential growth in the Snoqualmie Valley. Tri Pointe Homes® has opened Timber Trails, a 46-home neighborhood that represents the last subdivision within the more than 1,300-acre Snoqualmie Ridge community. Development on “the Ridge” began in the late 1990s, and.
Shares of Tri Pointe Homes Inc. (NYSE:TPH – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.26 and traded as high as $46.81. Tri Pointe Homes shares last traded at $46.7950, with a volume of 1,978,496 shares.
Analysts Set New Price Targets TPH has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a report on Tuesday, January 27th. Royal Bank Of Canada raised their price objective on shares of Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Citigroup initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set an “outperform” rating on the stock. Oppenheimer cut shares of Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a report on Friday, February 13th. Finally, Citizens Jmp initiated coverage on shares of Tri Pointe Homes in a report on Wednesday, January 7th. They set a “market outperform” rating and a $46.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Tri Pointe Homes has an average rating of “Hold” and an average target price of $42.50.
Check Out Our Latest Stock Report on TPH
Tri Pointe Homes Stock Down 0.0% The business’s fifty day moving average price is $45.26 and its 200 day moving average price is $37.22. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.36 and a beta of 1.30. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33.
Tri Pointe Homes (NYSE:TPH – Get Free Report) last announced its earnings results on Wednesday, February 25th. The construction company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The business had revenue of $972.63 million for the quarter, compared to analysts’ expectations of $917.86 million. Tri Pointe Homes had a net margin of 7.09% and a return on equity of 7.96%. The company’s quarterly revenue was down 22.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. On average, equities analysts expect that Tri Pointe Homes Inc. will post 3.58 EPS for the current year.
Insider Activity at Tri Pointe Homes In other news, Director Steven J. Gilbert sold 50,000 shares of Tri Pointe Homes stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $46.33, for a total value of $2,316,500.00. Following the transaction, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Tri Pointe Homes Institutional investors have recently modified their holdings of the business. Summit Securities Group LLC acquired a new position in shares of Tri Pointe Homes in the 4th quarter valued at $27,000. Harbor Capital Advisors Inc. increased its stake in Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares during the period. Fulcrum Asset Management LLP acquired a new position in Tri Pointe Homes in the 3rd quarter valued at $44,000. Farther Finance Advisors LLC increased its stake in Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after buying an additional 1,043 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Tri Pointe Homes by 29.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,615 shares of the construction company’s stock valued at $51,000 after buying an additional 367 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.
About Tri Pointe Homes (Get Free Report)
Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.
Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.
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Tri Pointe Homes Inc. (NYSE:TPH – Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $46.91 and last traded at $46.8850, with a volume of 782972 shares traded. The stock had previously closed at $46.76.
Wall Street Analysts Forecast Growth TPH has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on Tri Pointe Homes from $31.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Citizens Jmp initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued a “market outperform” rating and a $46.00 price objective for the company. Citigroup initiated coverage on Tri Pointe Homes in a research report on Wednesday, January 7th. They issued an “outperform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tri Pointe Homes in a research report on Tuesday, January 27th. Finally, Oppenheimer lowered Tri Pointe Homes from an “outperform” rating to a “market perform” rating in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Tri Pointe Homes has an average rating of “Hold” and an average target price of $42.50.
Get Our Latest Stock Analysis on TPH
Tri Pointe Homes Stock Performance The company has a 50-day moving average price of $45.72 and a two-hundred day moving average price of $37.40. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.99 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30.
Tri Pointe Homes (NYSE:TPH – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The construction company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.02. Tri Pointe Homes had a return on equity of 7.96% and a net margin of 7.09%.The firm had revenue of $954.59 million during the quarter, compared to analyst estimates of $917.86 million. During the same period last year, the company posted $1.37 EPS. The business’s quarterly revenue was down 22.5% on a year-over-year basis. On average, equities analysts forecast that Tri Pointe Homes Inc. will post 3.58 earnings per share for the current year.
Insider Buying and Selling In related news, Director Steven J. Gilbert sold 50,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $46.33, for a total value of $2,316,500.00. Following the completion of the sale, the director directly owned 30,330 shares of the company’s stock, valued at $1,405,188.90. The trade was a 62.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by insiders.
Institutional Trading of Tri Pointe Homes Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Tri Pointe Homes in the 4th quarter valued at about $27,000. Harbor Capital Advisors Inc. increased its position in Tri Pointe Homes by 45.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,108 shares of the construction company’s stock valued at $38,000 after buying an additional 345 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in Tri Pointe Homes in the 3rd quarter valued at about $44,000. Farther Finance Advisors LLC increased its position in Tri Pointe Homes by 306.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,383 shares of the construction company’s stock valued at $47,000 after buying an additional 1,043 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Tri Pointe Homes by 33.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,601 shares of the construction company’s stock valued at $54,000 after buying an additional 401 shares in the last quarter. 97.01% of the stock is owned by institutional investors.
Tri Pointe Homes Company Profile (Get Free Report)
Tri Pointe Homes, Inc (NYSE: TPH) is a national homebuilder engaged in the acquisition, development, construction, marketing and sale of single-family detached homes and attached products. The company’s operations span a range of new residential communities, offering customizable floor plans in both tract and luxury segments. Its integrated business model encompasses land sourcing, entitlement, design, construction oversight and in-house customer care and warranty service.
Founded in 2009 through the combination of three regional builders, Tri Pointe Homes has grown into a prominent player across key western U.S.
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SAN RAMON, Calif.--(BUSINESS WIRE)--Tri Pointe Homes, Inc. (NYSE: TPH), one of the nation's largest homebuilders, proudly marks the 15th anniversary of its Bay Area division, celebrating a decade and a half of building thoughtfully designed homes and vibrant communities across the region. Since launching in 2010, the Bay Area division has developed 48 communities and closed more than 4,000 homes across 21 cities—and counting. Beyond these milestones, the division has remained focused on creatin.
INCLINE VILLAGE, Nev., April 29, 2026 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced results for the first quarter ended March 31, 2026. As previously announced on February 13, 2026, the Company entered into the Agreement and Plan of Merger, dated February 13, 2026 (the “Merger Agreement”), with Sumitomo Forestry Co., Ltd., a Japanese corporation (kabushiki kaisha) (“Sumitomo Forestry”), and Teton NewCo, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Sumitomo Forestry (“Merger Sub”), pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and an indirect wholly owned subsidiary of Sumitomo Forestry (the “Merger”). As of the date hereof, the portions of the conditions to the Merger relating to stockholder approval of the Merger and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, have been satisfied. The Merger continues to be subject to the remaining conditions set forth in the Merger Agreement.
Results and Operational Data for First Quarter 2026 and Comparisons to First Quarter 2025
Net income available to common stockholders was $6.8 million, or $0.08 per diluted share, compared to $64.0 million, or $0.70 per diluted shareHome sales revenue of $506.5 million compared to $720.8 million New home deliveries of 736 homes compared to 1,040 homesAverage sales price of homes delivered of $688,000 compared to $693,000 Homebuilding gross margin percentage of 18.8% compared to 23.9% Excluding interest and impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 22.3%* SG&A expense as a percentage of home sales revenue of 17.9% compared to 14.0%Net new home orders of 1,234 compared to 1,238Active selling communities averaged 158.0 compared to 145.5 Net new home orders per average selling community were 7.8 orders (2.6 monthly) compared to 8.5 orders (2.8 monthly)Cancellation rate of 9% compared to 10% Backlog units at quarter end of 1,360 homes compared to 1,715 Dollar value of backlog at quarter end of $989.9 million compared to $1.3 billionAverage sales price of homes in backlog at quarter end of $728,000 compared to $763,000 Ratios of homebuilding debt-to-capital and net homebuilding debt-to-net capital of 25.0% and 7.2%*, respectively, as of March 31, 2026Ended the first quarter of 2026 with total liquidity of $1.7 billion, including cash and cash equivalents of $847.9 million and $827.5 million of availability under our revolving credit facility. *See “Reconciliation of Non-GAAP Financial Measures”
About Tri Pointe Homes, Inc.
One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company operating in 12 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards and was named 2024 Developer of the Year. The company is one of the 2026 Fortune World’s Most Admired Companies, 2023 and 2025 Fortune 100 Best Companies to Work For® and was designated as one of the PEOPLE Companies That Care® for three consecutive years (2023 through 2025). The company was also named as a Great Place To Work-Certified™ company for five years in a row (2021 through 2025) and was named on several Great Place To Work® Best Workplaces list (2022 through 2025). For more information, please visit TriPointeHomes.com.
Forward-Looking Statements
Various statements contained in this press release, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These forward-looking statements may include, but are not limited to, statements regarding our strategy, projections and estimates concerning the timing and success of specific projects and our future production, land and lot sales, operational and financial results, including our estimates for growth, financial condition, sales prices, prospects, and capital spending, as well as the expected timetable for completing the proposed transactions contemplated by the Merger Agreement, future opportunities for the combined businesses and the expected benefits of the Merger. Forward-looking statements that are included in this press release are generally accompanied by words such as “anticipate,” “assuming,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “projection,” “should,” “strategy,” “target,” “will,” “would,” or other words that convey future events or outcomes. The forward-looking statements in this press release speak only as of the date of this press release, and we disclaim any obligation to update these statements unless required by law, and we caution you not to rely on them unduly. These forward-looking statements are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. The following factors, among others, may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements: the effects of general economic conditions, including employment rates, housing starts, interest rate levels, home affordability, inflation, consumer sentiment, availability of financing for home mortgages and strength of the U.S. dollar; market demand for our products, which is related to the strength of the various U.S. business segments and U.S. and international economic conditions; the availability of desirable and reasonably priced land and our ability to control, purchase, hold and develop such parcels; access to adequate capital on acceptable terms; geographic concentration of our operations; levels of competition; the successful execution of our internal performance plans, including restructuring and cost reduction initiatives; the prices and availability of supply chain inputs, including raw materials, labor and home components; oil and other energy prices; the effects of U.S. trade policies, including the imposition of tariffs and duties on homebuilding products and retaliatory measures taken by other countries; the effects of weather, including the occurrence of drought conditions in parts of the western United States; the risk of loss from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other natural disasters, and the risk of delays, reduced consumer demand, and shortages and price increases in labor or materials associated with such natural disasters; the risk of loss from acts of war, terrorism, civil unrest or public health emergencies, including outbreaks of contagious diseases, such as COVID-19; transportation costs; federal and state tax policies; the effects of land use, environment and other governmental laws and regulations; legal proceedings or disputes and the adequacy of reserves; risks relating to any unforeseen changes to or effects on liabilities, future capital expenditures, revenues, expenses, earnings, synergies, indebtedness, financial condition, losses and future prospects; changes in accounting principles; risks related to unauthorized access to our computer systems, theft of our homebuyers’ confidential information or other forms of cyber-attack; risks related to the failure to consummate the Merger and the transactions contemplated thereby; risks related to any litigation arising out of or as a result of the Merger and the transactions contemplated thereby; and additional factors discussed under the sections captioned “Risk Factors” included in our annual and quarterly reports filed with the Securities and Exchange Commission. The foregoing list is not exhaustive. New risk factors may emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risk factors on our business.
KEY OPERATIONS AND FINANCIAL DATA
(dollars in thousands)
(unaudited)
Three Months Ended March 31, 2026 2025 Change % ChangeOperating Data:(unaudited)Home sales revenue$506,496 $720,786 $(214,290) (29.7)%Homebuilding gross margin$95,430 $172,513 $(77,083) (44.7)%Homebuilding gross margin % 18.8% 23.9% (5.1)% Adjusted homebuilding gross margin %* 22.3% 27.3% (5.0)% SG&A expense$90,846 $100,617 $(9,771) (9.7)%SG&A expense as a % of home sales revenue 17.9% 14.0% 3.9% Net income available to common stockholders$6,786 $64,036 $(57,250) (89.4)%Adjusted EBITDA*$39,857 $125,698 $(85,841) (68.3)%Interest incurred$18,585 $21,319 $(2,734) (12.8)%Interest in cost of home sales$16,470 $23,035 $(6,565) (28.5)% Other Data: Net new home orders 1,234 1,238 (4) (0.3)%New homes delivered 736 1,040 (304) (29.2)%Cancellation rate 9% 10% (1)% Average selling price of homes delivered$688 $693 $(5) (0.7)%Average selling communities 158.0 145.5 12.5 8.6%Selling communities at end of period 161 147 14 9.5%Backlog (estimated dollar value)$989,906 $1,307,786 $(317,880) (24.3)%Backlog (homes) 1,360 1,715 (355) (20.7)%Average selling price in backlog$728 $763 $(35) (4.6)% March 31, December 31, 2026 2025 Change % ChangeBalance Sheet Data:(unaudited) Cash and cash equivalents$847,903 $982,814 $(134,911) (13.7)%Real estate inventories$3,302,319 $3,178,248 $124,071 3.9%Lots owned or controlled 32,937 32,219 718 2.2%Homes under construction(1) 1,855 1,392 463 33.3%Homes completed, unsold 469 681 (212) (31.1)%Total homebuilding debt$1,104,326 $1,104,054 $272 0.0%Stockholders’ equity$3,307,043 $3,315,834 $(8,791) (0.3)%Book capitalization$4,411,369 $4,419,888 $(8,519) (0.2)%Ratio of homebuilding debt-to-capital 25.0% 25.0% 0.0% Ratio of net homebuilding debt-to-net capital* 7.2% 3.5% 3.7% __________
(1)Homes under construction included 56 and 48 models as of March 31, 2026 and December 31, 2025, respectively.*See “Reconciliation of Non-GAAP Financial Measures” CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
March 31, December 31, 2026 2025Assets(unaudited) Cash and cash equivalents$847,903 $982,814Receivables 144,641 147,250Real estate inventories 3,302,319 3,178,248Investments in unconsolidated entities 217,019 183,075Mortgage loans held for sale 66,152 98,514Goodwill and other intangible assets, net 156,603 156,603Deferred tax assets, net 43,132 43,132Other assets 184,555 187,899Total assets$4,962,324 $4,977,535 Liabilities Accounts payable$63,155 $41,693Accrued expenses and other liabilities 428,366 425,289Loans payable 456,468 456,468Senior notes 647,858 647,586Mortgage repurchase facilities 59,315 90,570Total liabilities 1,655,162 1,661,606 Commitments and contingencies Equity Stockholders’ equity: Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively — —Common stock, $0.01 par value, 500,000,000 shares authorized; 85,135,803 and 84,478,836 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 851 844Additional paid-in capital — —Retained earnings 3,306,192 3,314,990Total stockholders’ equity 3,307,043 3,315,834Noncontrolling interests 119 95Total equity 3,307,162 3,315,929Total liabilities and equity$4,962,324 $4,977,535 CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except share and per share amounts)
(unaudited)
Three Months Ended March 31, 2026 2025 Homebuilding: Home sales revenue $506,496 $720,786 Land and lot sales revenue 575 1,821 Other operations revenue 825 820 Total revenues 507,896 723,427 Cost of home sales 411,066 548,273 Cost of land and lot sales 979 1,741 Other operations expense 813 794 Sales and marketing 37,887 42,942 General and administrative 52,959 57,675 Homebuilding income from operations 4,192 72,002 Equity in (loss) income of unconsolidated entities (88) 495 Transaction expense (5,877) — Other income, net 7,236 9,129 Homebuilding income before income taxes 5,463 81,626 Financial Services: Revenues 13,493 17,501 Expenses 12,065 12,617 Financial services income before income taxes 1,428 4,884 Income before income taxes 6,891 86,510 Provision for income taxes (81) (22,493)Net income 6,810 64,017 Net (income) loss attributable to noncontrolling interests (24) 19 Net income available to common stockholders $6,786 $64,036 Earnings per share Basic $0.08 $0.70 Diluted $0.08 $0.70 Weighted average shares outstanding Basic 84,796,116 91,638,960 Diluted 85,176,744 92,077,680 MARKET DATA BY REPORTING SEGMENT & GEOGRAPHY
(dollars in thousands)
(unaudited)
Three Months Ended March 31, 2026 2025 New
Homes
Delivered Average
Sales
Price New
Homes
Delivered Average
Sales
PriceWest342 $778 521 $769Central274 563 377 558East120 719 142 773Total736 $688 1,040 $693 Three Months Ended March 31, 2026 2025 Net New
Home
Orders Average
Selling
Communities Net New
Home
Orders Average
Selling
CommunitiesWest605 72.3 644 66.3Central436 61.7 413 60.5East193 24.0 181 18.7Total1,234 158.0 1,238 145.5 As of March 31, 2026 As of March 31, 2025 Backlog Units Backlog Dollar Value Average Sales Price Backlog Units Backlog Dollar Value Average Sales PriceWest687 $564,180 $821 930 $757,952 $815Central422 251,486 596 508 296,636 584East251 174,240 694 277 253,198 914Total1,360 $989,906 $728 1,715 $1,307,786 $763 As of March 31, 2026 As of December 31, 2025 Lots Owned Lots Controlled (1) Lots Owned or Controlled Lots Owned Lots Controlled (1) Lots Owned or ControlledWest8,690 4,010 12,700 8,629 3,864 12,493Central5,157 8,576 13,733 5,188 8,017 13,205East2,055 4,449 6,504 2,137 4,384 6,521Total15,902 17,035 32,937 15,954 16,265 32,219 (1)As of March 31, 2026 and December 31, 2025, lots controlled included lots that were under land option contracts or purchase contracts. As of March 31, 2026 and December 31, 2025, lots controlled for Central include 5,709 and 5,356 lots, respectively, which represent our expected share of lots owned by our investments in unconsolidated land development joint ventures. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(unaudited)
In this press release, we utilize certain financial measures that are non-GAAP financial measures as defined by the Securities and Exchange Commission. We present these measures because we believe they and similar measures are useful to management and investors in evaluating the Company’s operating performance and financing structure. We also believe these measures facilitate the comparison of our operating performance and financing structure with other companies in our industry. Because these measures are not calculated in accordance with Generally Accepted Accounting Principles (“GAAP”), they may not be comparable to other similarly titled measures of other companies and should not be considered in isolation or as a substitute for, or superior to, financial measures prepared in accordance with GAAP.
The following table reconciles the homebuilding gross margin percentage, as reported and prepared in accordance with GAAP, to the non-GAAP measure adjusted homebuilding gross margin percentage. We believe this information is meaningful as it isolates the impact that leverage has on homebuilding gross margin and permits investors to make better comparisons with our competitors, who adjust gross margins in a similar fashion.
Three Months Ended March 31, 2026 % 2025 % (dollars in thousands)Home sales revenue$506,496 100.0% $720,786 100.0%Cost of home sales 411,066 81.2% 548,273 76.1%Homebuilding gross margin 95,430 18.8% 172,513 23.9%Add: interest in cost of home sales 16,470 3.3% 23,035 3.2%Add: impairments and lot option abandonments 1,068 0.2% 1,073 0.1%Adjusted homebuilding gross margin$112,968 22.3% $196,621 27.3%Homebuilding gross margin percentage 18.8% 23.9% Adjusted homebuilding gross margin percentage 22.3% 27.3% RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (continued)
(unaudited)
The following table reconciles the Company’s ratio of homebuilding debt-to-capital to the non-GAAP ratio of net homebuilding debt-to-net capital. We believe that the ratio of net homebuilding debt-to-net capital is a relevant financial measure for management and investors to understand the leverage employed in our operations and as an indicator of the Company’s ability to obtain financing.
March 31, 2026 December 31, 2025Loans payable$456,468 $456,468 Senior notes 647,858 647,586 Mortgage repurchase facilities 59,315 90,570 Total debt 1,163,641 1,194,624 Less: mortgage repurchase facilities (59,315) (90,570)Total homebuilding debt 1,104,326 1,104,054 Stockholders’ equity 3,307,043 3,315,834 Total capital$4,411,369 $4,419,888 Ratio of homebuilding debt-to-capital(1) 25.0% 25.0% Total homebuilding debt$1,104,326 $1,104,054 Less: Cash and cash equivalents (847,903) (982,814)Net homebuilding debt 256,423 121,240 Stockholders’ equity 3,307,043 3,315,834 Net capital$3,563,466 $3,437,074 Ratio of net homebuilding debt-to-net capital(2) 7.2% 3.5% __________
(1)The ratio of homebuilding debt-to-capital is computed as the quotient obtained by dividing total homebuilding debt by the sum of total homebuilding debt plus stockholders’ equity.(2)The ratio of net homebuilding debt-to-net capital is computed as the quotient obtained by dividing net homebuilding debt (which is total homebuilding debt less cash and cash equivalents) by the sum of net homebuilding debt plus stockholders’ equity. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (continued)
(unaudited)
The following table calculates the non-GAAP financial measures of EBITDA and Adjusted EBITDA and reconciles those amounts to net income available to common stockholders, as reported and prepared in accordance with GAAP. EBITDA means net income available to common stockholders before (a) interest expense, (b) expensing of previously capitalized interest included in costs of home sales, (c) income taxes and (d) depreciation and amortization. Adjusted EBITDA means EBITDA before (e) amortization of stock-based compensation and (f) impairments and lot option abandonments. Other companies may calculate EBITDA and Adjusted EBITDA (or similarly titled measures) differently. We believe EBITDA and Adjusted EBITDA are useful measures of the Company’s ability to service debt and obtain financing.
Three Months Ended March 31, 2026 2025 (in thousands)Net income available to common stockholders $6,786 $64,036 Interest expense: Interest incurred 18,585 21,319 Interest capitalized (18,585) (21,319)Amortization of interest in cost of sales 16,470 23,153 Provision for income taxes 81 22,493 Depreciation and amortization 7,618 7,387 EBITDA 30,955 117,069 Amortization of stock-based compensation 1,957 7,556 Impairments and lot option abandonments 1,068 1,073 Transaction expense 5,877 — Adjusted EBITDA $39,857 $125,698
Supports expansion of U.S. housing supply while accelerating growth of Tri Pointe Homes’ high-quality operations May 14, 2026 08:50 ET | Source: Tri Pointe Homes, Inc.
TOKYO and INCLINE VILLAGE, Nev., May 14, 2026 (GLOBE NEWSWIRE) -- Sumitomo Forestry Co., Ltd. (“Sumitomo Forestry”) (TSE: 1911) and Tri Pointe Homes, Inc. (“Tri Pointe Homes”) today announced the successful completion of Sumitomo Forestry’s acquisition of Tri Pointe Homes for US$47.00 per share.
With the closing of the transaction, Tri Pointe Homes is now a wholly owned subsidiary of Sumitomo Forestry America, Inc., which is a wholly owned subsidiary of Sumitomo Forestry Group, and will cease trading on the New York Stock Exchange.
Through this acquisition, Tri Pointe Homes’ premium lifestyle brand, more than 160 active communities, and operations across 13 high-growth states will be added, making the Sumitomo Forestry Group a homebuilder equivalent to the 5th largest in the U.S.1, delivering approximately 15,000 units annually across 18 states. Both companies will leverage the homebuilding expertise, technologies, and operational expertise that they have each cultivated to deliver high-quality homes tailored to greater diverse customer needs. The Sumitomo Forestry Group will continue to strengthen its presence in the U.S. housing market while pursuing sustainable growth.
Toshiro Mitsuyoshi, President and Executive Officer of Sumitomo Forestry, stated, “Today marks a meaningful new beginning with Tri Pointe Homes and an important milestone in advancing our group’s U.S. single-family homes business into a new stage of growth. Tri Pointe Homes’ premium brand, robust governance and financial expertise cultivated as a publicly listed U.S. company, and its deeply rooted local operating platform add significant strength to our group. Together with Tri Pointe Homes and our existing five U.S. homebuilders, we are well positioned to expand scale, enhance management efficiency and improve profitability toward our Mission TREEING 2030 goal of supplying 23,000 homes annually in the U.S. by 2030. We look forward to working closely with Doug Bauer, Chief Executive Officer, Tom Mitchell, President and Chief Operating Officer, and the entire Tri Pointe Homes team to drive long-term growth and value creation.”
Doug Bauer, Tri Pointe Homes’ Chief Executive Officer, said, “Joining the Sumitomo Forestry Group marks an exciting new chapter for Tri Pointe Homes, building on the past 17 years of standalone growth delivering over 58,000 homes to U.S. families and communities. With a shared strategic vision, values and culture, we are well positioned to accelerate our growth while continuing to deliver design-driven homes and exceptional customer experiences.”
Tom Mitchell, President and Chief Operating Officer of Tri Pointe Homes, added, “Partnering with Sumitomo Forestry Group provides our customers, partners and team members with greater resources and strategic alignment to support the continued evolution of the Tri Pointe Homes premium brand. We are excited to partner with an organization that shares our commitment to our people, differentiated business strategy and our long-term growth.”
Advisors
Mitsubishi UFJ Morgan Stanley and its affiliates including Morgan Stanley & Co. LLC acted as exclusive financial advisor and Morrison & Foerster LLP acted as legal counsel to Sumitomo Forestry.
Moelis & Company LLC acted as exclusive financial advisor and Paul Hastings LLP acted as legal counsel to Tri Pointe Homes. Collected Strategies acted as strategic communications advisor to Tri Pointe Homes.
About Sumitomo Forestry
Sumitomo Forestry Group is engaged in a broad range of global businesses centered on wood, including forestry management, the manufacture and distribution of wood building materials, the contracting of single-family homes and medium- to large-scale wooden buildings, real estate development, and wood biomass power generation. In the Sumitomo Forestry Group’s long-term vision Mission TREEING 2030, the group is seeking to promote the Sumitomo Forestry Wood Cycle, a value chain to contribute to decarbonization for the whole of society by increasing the CO2 absorption of forests and popularizing wooden buildings that store carbon for long periods of time. With the promotion of global expansion as one of the business policies in the group’s long-term vision, it is also working to accelerate decarbonization initiatives in the United States.
About Tri Pointe Homes
One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. has a presence in 13 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. The company is one of the 2026 Fortune World’s Most Admired Companies, 2026 Fortune 100 Best Companies to Work For®, and recognized as a PEOPLE Companies That Care® (2023-2025) organization. The company was also named as a Great Place To Work-Certified™ company for five years in a row and named on several Great Place To Work® Best Workplaces lists. Tri Pointe has also won multiple Builder of the Year and Developer of the Year awards. For more information, please visit TriPointeHomes.com.
Contacts:
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1 Calculated by aggregating the combined number of units delivered by Sumitomo Forestry’s existing homebuilders in FY2025 with Tri Pointe Homes’s FY2025 number of units delivered, with reference to Builder Online 2026 Builder 100
