Final New Construction Phase of Sought-After Community Offers Two- and Three-Story Townhomes in Charming and Historic Raleigh SuburbRALEIGH, N.C., Oct. 21, 2024 /PRNewswire/ -- Tri Pointe Homes®, a nationally recognized and rapidly expanding leader in the Raleigh new home real estate sector, is now selling The Mews at Holding Village, the final new construction phase in the popular Holding Village neighborhood in Wake Forest. Priced from the mid $300s, these two- and three-story townhomes provide low-mainte ...

Homebuilder Awarded More Than 10 Accolades Including Home of the Year and Salesperson of the Year POTOMAC, Md., Oct. 10, 2024 /PRNewswire/ -- Tri Pointe Homes, Inc. (NYSE: TPH) is pleased to announce that its D.C. Metro division received 13 awards (eleven awards and two awards of merit) across the categories of design & architecture, interior merchandising and sales & marketing during the Great American Living Awards held on October 9, 2024. Tri Pointe Homes also received two of the most prominent awards of ...

INCLINE VILLAGE, Nev., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (NYSE: TPH) announced today that it will release its financial results for the third quarter of 2024 before the market opens on Thursday, October 24, 2024. The Company will host a conference call on the same day to discuss the results at 7:00 AM Pacific (10:00 AM Eastern). The call will be hosted by Doug Bauer, Chief Executive Officer, Tom Mitchell, Chief Operating Officer, Glenn Keeler, Chief Financial Officer, and Linda Mamet ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Core Viewpoint - Tri Pointe Homes has shown impressive growth, with a significant increase in stock price and strong financial performance, leading to a continued 'buy' rating despite some concerns regarding backlog and net new orders [1][11]. Financial Performance - Revenue for the second quarter of 2024 reached $1.15 billion, a 37.9% increase from $837.3 million in the same quarter last year [3]. - Net income nearly doubled from $60.7 million to $118 million, driven by increased home deliveries despite a decrease in average home price from $698,000 to $666,000 [4]. - EBITDA rose from $129.9 million to $216 million, indicating improved profitability metrics [4]. Delivery and Pricing - The number of home deliveries surged from 1,173 to 1,700 homes in the second quarter, contributing to revenue growth [3]. - Average home prices decreased from $709,000 to $663,000 in the first half of 2024, but the increase in delivery volume offset this decline [5]. Backlog and Orders - Backlog decreased to 2,692 homes from 2,765 homes a year ago, indicating potential challenges in future demand [6]. - Net new orders fell to 1,651 homes in the most recent quarter, down 13.7% from 1,912 homes the previous year [8]. Market Positioning - Tri Pointe Homes is attractively priced compared to peers, with a price-to-earnings ratio of 7.1, lower than most competitors [10]. - The company is expected to generate net profits of $550.7 million and adjusted operating cash flow of $583.5 million based on annualized results [9]. Industry Outlook - Despite current challenges, the long-term outlook for the housing market remains positive due to a significant shortage of homes, estimated between 4 million and 7 million [6].

"The grand openings of Tredenham and Elm Park reflect our commitment to quality and innovation in homebuilding while providing our clients with luxury residences in core locations throughout the Triangle," said James Flanagan, Vice President of Community Experience at Tri Pointe Homes' Raleigh Division. "As one of the Triangle area's most trusted homebuilders, we are excited to offer prospective homeowners two vibrant communities in highly sought-after neighborhoods that epitomize the best of what the area ...

"Serenity offers the perfect location for Tri Pointe Homes to expand its Altis brand to the East Coast," said Tri Pointe Homes' Vice President of Community Experience James Flanagan. "Greenfield Communities has done a stellar job creating an idyllic backdrop for this new premium lifestyle community, all within a short drive to the shopping, dining, and culture of nearby Fuquay Varina, Holly Springs, Angier, and the rest of the greater Triangle. We believe in building community in every sense of the word, fr ...

RALEIGH, N.C., July 30, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE:TPH), one of the largest homebuilders in the U.S., together with its Raleigh division, today announced the development of Altis, its first 55+ lifestyle brand community on the East Coast. Located within Greenfield Communities' 550-acre Serenity development in rapidly growing Northwest Harnett County just outside Fuquay-Varina, Altis at Serenity is expected to add an additional 425 homes to the anticipated total buildout of 1,210 reside ...

Tri Pointe Homes (TPH) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The p ...

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. Tri Pointe has a Value Score of A. The stock's ...