Financial Performance - Tri Pointe Homes reported non-GAAP EPS of $0.77, exceeding the analyst consensus estimate of $0.68, while GAAP revenue was $879.8 million, surpassing the expected $806.7 million [1][5] - Year-over-year comparisons showed a decline in non-GAAP EPS by 38.4% from $1.25 and a 22.3% decrease in GAAP revenue from $1.13 billion [2][5] - Net income available to common stockholders was $60.7 million, down from $118.0 million a year earlier, impacted by an $11.0 million inventory-related charge [5] Market Trends - New home orders fell significantly, with 1,131 net new home orders in Q2 2025, a 31.5% decrease from the previous year [6] - The cancellation rate increased to 13%, up from 9%, indicating pressure on future sales [6] - Backlog units declined by 43.5% to 1,520, with backlog dollar value dropping to $1.2 billion, down 41% [6] Operational Insights - Gross margin for Q2 FY2025 was 22.1%, down from 23.6% in the prior year, attributed to sales incentives and community mix [7] - SG&A expenses as a percentage of revenue rose to 12.6%, influenced by inflation and investments in new markets [7] - The company delivered 1,326 homes, a 22% year-over-year drop, with an average selling price of $664,000 [8] Business Strategy - Tri Pointe operates in 17 markets across twelve states and the District of Columbia, focusing on acquiring land and developing residential communities [3] - Recent expansion efforts target fast-growing regions like Utah, Florida, and the Carolinas, while maintaining disciplined capital allocation [4] - The company owned or controlled 34,025 lots as of June 30, 2025, reflecting a 6.8% downturn since December 2024 [9] Financial Position - Tri Pointe's liquidity position remains strong with $1.4 billion available, including $623 million in cash [10] - Homebuilding debt as a share of capital was 21.7%, with a net homebuilding debt-to-net capital ratio of 8.0% [10] - The company repurchased $100 million of its own shares, reducing the outstanding share count by approximately 5.4% [10] Future Outlook - Management provided guidance for Q3 FY2025, targeting deliveries of 1,000 to 1,100 homes and an average sales price between $675,000 and $685,000 [11] - For FY2025, the expected home deliveries range from 4,800 to 5,200, with gross margins projected between 20.5% and 22.0% [11] - Investors are advised to monitor trends in new home orders, cancellation rates, and margin pressures as the company navigates a cooling housing market [12]

PART I. FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated financial statements show a decline in assets, revenue, and net income for the period [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets decreased to $4.80 billion, driven by a significant reduction in cash and cash equivalents Balance Sheet Summary | Balance Sheet Item | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $622,642 | $970,045 | | Real estate inventories | $3,301,302 | $3,153,459 | | Total assets | $4,797,842 | $4,891,115 | | **Liabilities & Equity** | | | | Total liabilities | $1,507,748 | $1,555,393 | | Total stockholders' equity | $3,289,961 | $3,335,710 | | Total liabilities and equity | $4,797,842 | $4,891,115 | - Cash and cash equivalents decreased by approximately **36%** from **$970.0 million** at the end of 2024 to **$622.6 million** as of June 30, 2025[13](index=13&type=chunk) - Real estate inventories increased from **$3.15 billion** to **$3.30 billion** during the first six months of 2025[13](index=13&type=chunk) [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) The company reported a significant year-over-year decline in revenue and net income for Q2 and YTD 2025 Operations Summary | Metric | Q2 2025 (in thousands) | Q2 2024 (in thousands) | YTD 2025 (in thousands) | YTD 2024 (in thousands) | | :--- | :--- | :--- | :--- | :--- | | Home sales revenue | $879,832 | $1,133,008 | $1,600,618 | $2,051,361 | | Total revenues | $884,010 | $1,137,950 | $1,607,437 | $2,064,158 | | Income before income taxes | $84,350 | $159,229 | $170,860 | $289,809 | | Net income available to common stockholders | $60,748 | $118,002 | $124,784 | $217,057 | | Diluted EPS | $0.68 | $1.25 | $1.38 | $2.28 | [Consolidated Statements of Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Equity) Stockholders' equity decreased to $3.29 billion, impacted by net income and significant share repurchases - For the six months ended June 30, 2025, the company recorded net income of **$124.7 million** and repurchased shares for a total cost of **$176.7 million**[18](index=18&type=chunk) - The number of common shares outstanding decreased from **92,451,729** at December 31, 2024, to **87,506,511** at June 30, 2025, primarily due to share repurchases[18](index=18&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operations was $105.4 million, a reversal from cash provided in the prior-year period Cash Flow Summary (Six Months Ended June 30) | Cash Flow Activity | 2025 (in thousands) | 2024 (in thousands) | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(105,416) | $167,894 | | Net cash used in investing activities | $(39,549) | $(15,410) | | Net cash used in financing activities | $(202,438) | $(528,497) | | **Net decrease in cash and cash equivalents** | **$(347,403)** | **$(376,013)** | - Share repurchases (excluding excise tax) amounted to **$175.1 million** in the first six months of 2025, compared to **$86.7 million** in the prior-year period[21](index=21&type=chunk) [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail segment information, inventory impairments, debt structure, and stock compensation plans - The company operates in two principal businesses: **homebuilding** and **financial services**, with homebuilding further divided into West, Central, and East segments[41](index=41&type=chunk)[42](index=42&type=chunk) - A real estate inventory impairment charge of **$11.0 million** was recorded in Q2 2025 related to one active community in the West reporting segment[54](index=54&type=chunk) - As of June 30, 2025, the company had **$647.1 million** in senior notes and **$262.9 million** in loans payable outstanding[75](index=75&type=chunk)[79](index=79&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=30&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses challenging market conditions, declining operational results, and long-term positive fundamentals [Overview and Outlook](index=31&type=section&id=Overview%20and%20Outlook) Q2 2025 market softness led to a 22% revenue decline, though long-term demand drivers remain intact - The U.S. housing market in Q2 2025 was challenged by **policy uncertainty**, leading to greater price sensitivity and a more measured approach from homebuyers[136](index=136&type=chunk) - Long-term housing demand fundamentals remain strong, supported by **Millennial and Gen Z demographics** and a persistent undersupply of housing[137](index=137&type=chunk) Q2 2025 Key Metrics | Metric | Value | YoY Change | | :--- | :--- | :--- | | Home Sales Revenue | $879.8 million | -22% | | Net Income | $60.7 million | -49% | | Diluted EPS | $0.68 | -46% | | New Home Deliveries | 1,326 | - | | Net New Home Orders | 1,131 | - | [Results of Operations](index=32&type=section&id=Results%20of%20Operations) Operational metrics, including new orders, backlog, and gross margins, declined year-over-year - Net new home orders for Q2 2025 decreased **31% YoY** to 1,131, driven by a **30%** decrease in monthly absorption rates[142](index=142&type=chunk) - Backlog as of June 30, 2025, was down **44%** in units to 1,520 and **41%** in dollar value to **$1.2 billion** compared to the prior year[146](index=146&type=chunk) - Q2 2025 homebuilding gross margin percentage fell to **20.8%** from 23.6% in Q2 2024, primarily due to an **$11.0 million** land impairment charge and higher incentives[151](index=151&type=chunk) - For the six months ended June 30, 2025, home sales revenue decreased **22%** to **$1.6 billion**, and homebuilding gross margin percentage decreased to **22.2%** from 23.3% YoY[163](index=163&type=chunk)[167](index=167&type=chunk) [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained strong liquidity of $1.4 billion while actively repurchasing shares - Total liquidity as of June 30, 2025, was **$1.4 billion**, consisting of **$622.6 million** in cash and **$785.7 million** of availability under the Credit Facility[178](index=178&type=chunk) - In April 2025, the company amended its credit agreement, increasing the revolving facility from $750 million to **$850 million** and extending its maturity to April 2030[185](index=185&type=chunk) - During the six months ended June 30, 2025, the company repurchased **5,458,694 shares** of common stock for **$175.0 million**[191](index=191&type=chunk) Leverage Ratios | Ratio | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Ratio of homebuilding debt-to-capital | 21.7% | 21.6% | | Ratio of net homebuilding debt-to-net capital | 8.0% | (1.6)% | [Quantitative and Qualitative Disclosures About Market Risk](index=46&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations on its debt, with no derivatives used for hedging - The primary market risk exposure is related to **interest rate fluctuations** on outstanding debt[206](index=206&type=chunk) - The company did not utilize any **derivative financial instruments** for hedging or speculative purposes during the six months ended June 30, 2025[206](index=206&type=chunk) [Controls and Procedures](index=46&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material internal control changes - The Principal Executive Officer and Principal Financial Officer concluded that the company's **disclosure controls and procedures were effective** as of the end of the period[207](index=207&type=chunk) - No changes occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's **internal control over financial reporting**[208](index=208&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=47&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course lawsuits and claims but held zero legal reserves as of June 30, 2025 - Details on legal matters are referenced in **Note 13, Commitments and Contingencies**[210](index=210&type=chunk) [Risk Factors](index=47&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported since the company's 2024 Annual Report on Form 10-K - No material changes to risk factors were reported since the last **Annual Report on Form 10-K** and subsequent quarterly report[211](index=211&type=chunk) [Issuer Purchases of Equity Securities](index=47&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company repurchased $100.0 million of shares in Q2 2025 and increased its repurchase authorization in July - In Q2 2025, the company repurchased **3,187,982 shares** of its common stock for **$100.0 million** at an average price of **$31.37** per share[212](index=212&type=chunk)[213](index=213&type=chunk) - On July 23, 2025, the board of directors increased the total share repurchase authorization from $250 million to **$300 million**[213](index=213&type=chunk) [Other Information](index=48&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated any Rule 10b5-1 trading arrangements during the quarter - No directors or officers adopted or terminated **Rule 10b5-1 trading plans** during the second quarter of 2025[214](index=214&type=chunk) [Exhibits](index=49&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including a credit facility modification and required CEO/CFO certifications - Key exhibits filed include the **Fifth Modification Agreement** to the company's credit facility and **CEO/CFO certifications** under Sarbanes-Oxley Sections 302 and 906[215](index=215&type=chunk)

Core Viewpoint - Tri Pointe Homes, Inc. reported its financial results for the second quarter of 2025 during an earnings conference call, highlighting key performance metrics and future outlook [3]. Financial Results - The company released its financial results for Q2 2025, which are detailed in documents available on its website [3]. - The earnings call included discussions on future financial and operational performance, which are considered forward-looking statements [3]. Participants - The earnings call featured various company participants, including the CEO, CFO, and other executives, as well as analysts from different research firms [1].

Financial Data and Key Metrics Changes - In Q2 2025, the company delivered 1,326 homes at an average sales price of $664,000, generating $880 million in home sales revenue [5][12] - Adjusted net income was $69 million or $0.77 per diluted share, reflecting a stable financial performance despite market challenges [6][13] - Homebuilding gross margin, adjusted to exclude an inventory-related charge, was 22.1% [5][13] - The company ended the quarter with $1.4 billion in total liquidity, including $623 million in cash [7][16] Business Line Data and Key Metrics Changes - The company generated 1,131 net new home orders in the quarter, with a monthly absorption rate of 2.5 homes per average selling community [6][12] - The absorption pace varied by region, with the East showing a stronger pace of 3.1 homes per community per month, while the Central region had a pace of 2.3 [13][14] Market Data and Key Metrics Changes - The company noted that the Inland Empire, San Diego, and Seattle markets showed stronger demand, while Sacramento and Arizona experienced softer markets [13][14] - In the Central region, Austin, Dallas, and Denver showed softer demand due to increased supply of both new and resale homes [14] Company Strategy and Development Direction - The company is focusing on balancing pace and price on a community-by-community basis, moderating start pace to normalize spec inventory [6][10] - New market expansions in Utah, Florida, and the Coastal Carolinas are expected to contribute to meaningful growth over time [10] - The company plans to continue prioritizing price over pace to maintain margins and profitability [50][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the housing market, citing favorable demographics and a persistent supply-demand imbalance [19][88] - The near-term outlook remains challenging due to policy uncertainty and geopolitical tensions affecting buyer confidence [6][10] Other Important Information - The company returned $100 million to shareholders through share repurchases, reducing its share count by 3.5% in Q2 [8][9] - The company has a disciplined land investment strategy, focusing on opportunities that yield the strongest returns in core markets [8][10] Q&A Session Summary Question: Confidence in hitting fourth quarter volume guide - Management indicated confidence in hitting the implied fourth quarter volume guide, supported by sufficient move-in ready and spec homes [21][23] Question: Expectations for incentives and gross margin - Incentives were reported at 7.1% in Q2, with a slight increase expected in the back half of the year [25][26] Question: Details on the impairment charge - The $11 million impairment charge was related to a Bay Area project that failed the impairment test due to challenging market conditions [31][32] Question: Absorption trends throughout the quarter - Absorption started strong in April, peaked in May, and trended down in June, following seasonal patterns [38][39] Question: Strategic approach to pace and price - The company will continue to favor price over pace, citing consumer confidence as a key driver [49][50] Question: Current build time and improvement opportunities - The average build time is currently 115 working days, with ongoing initiatives to reduce cycle times [94][95]

Financial Data and Key Metrics Changes - In Q2 2025, the company delivered 1,326 homes at an average sales price of $664,000, generating $880 million in home sales revenue [4][12] - Adjusted net income was $69 million, or $0.77 per diluted share, reflecting a disciplined pricing strategy and cost control [5][13] - Homebuilding gross margin, adjusted to exclude an inventory-related charge, was 22.1% [4][13] - The company ended the quarter with $1.4 billion in total liquidity, including $623 million in cash [6][15] Business Line Data and Key Metrics Changes - The company generated 1,131 net new home orders in the quarter, with a monthly absorption rate of 2.5 homes per average selling community [5][12] - The absorption pace varied by region, with the East showing a stronger pace of 3.1 homes per community per month, while the Central region had a pace of 2.3 [14][15] Market Data and Key Metrics Changes - The company noted that several markets are experiencing rising housing inventory levels and a softer pricing environment, particularly in Sacramento and Arizona [5][14] - In contrast, the Inland Empire, San Diego, and Seattle markets showed stronger demand [14][61] Company Strategy and Development Direction - The company is focusing on balancing pace and price on a community-by-community basis, moderating its start pace to normalize spec inventory [6][10] - New market expansions in Utah, Florida, and the Coastal Carolinas are expected to contribute to meaningful growth over time [10] - The company plans to continue favoring price over pace, citing consumer confidence as a critical factor [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the housing market, driven by favorable demographics and a persistent supply-demand imbalance [19][20] - The near-term environment remains challenging due to policy uncertainty and geopolitical tensions affecting buyer confidence [5][10] Other Important Information - The company returned $100 million to shareholders through share repurchases, reducing its share count by 3.5% in Q2 [8][9] - The company has a disciplined land investment strategy, focusing on opportunities that yield the strongest returns in core markets [7][10] Q&A Session Summary Question: Confidence in hitting fourth-quarter volume guidance - Management indicated confidence in meeting the implied fourth-quarter volume guidance, stating they have sufficient move-in ready and spec homes [22][23] Question: Expectations for incentives and gross margin - Incentives were 7.1% in Q2 and are expected to trend slightly up, which is factored into the gross margin guidance [24][26] Question: Details on the impairment charge - The $11 million impairment charge was related to a challenging Bay Area project, with a watch list for projects with margins around 10% [30][31][32] Question: Absorption trends throughout the quarter - Absorption started strong in April, peaked in May, and trended down in June, following seasonal patterns [38] Question: Strategic approach to pace and price - The company will continue to favor price over pace, citing consumer confidence as a driving force [49][50] Question: Current build time and improvement opportunities - The average build time is currently 115 working days, with ongoing initiatives to reduce cycle times [92][93]

Second Quarter 2025 Performance - Orders decreased by 32% from 1,651 in 2Q24 to 1,131 in 2Q25[20] - Deliveries decreased by 22% from 1,700 in 2Q24 to 1,326 in 2Q25[20] - Home sales revenue decreased by 22% from $1,133 million in 2Q24 to $880 million in 2Q25[20] - Net income available to common stockholders decreased by 49% from $118 million in 2Q24 to $61 million in 2Q25[20] - Diluted EPS decreased by 46% from $1.25 in 2Q24 to $0.68 in 2Q25[20] Backlog and Active Communities - Backlog units decreased by 44% from 2,692 in 2Q24 to 1,520 in 2Q25[20] - Backlog dollar value decreased by 41% from $2 billion in 2Q24 to $1.2 billion in 2Q25[20] - Ending active selling communities decreased by 1% from 153 in 2Q24 to 151 in 2Q25[20] Financial Metrics - Homebuilding gross margin decreased by 280 bps to 20.8% in 2Q25[20] - Adjusted homebuilding gross margin decreased by 190 bps to 25.2% in 2Q25[20] - SG&A expense as a percentage of home sales revenue increased by 160 bps to 12.6% in 2Q25[20] Land Supply - Total lots owned or controlled as of June 30, 2025, were 34,025, with 16,523 owned (49%) and 17,502 controlled (51%)[62,72]

Home Deliveries and Sales - New home deliveries totaled 1,326 homes, a decrease from 1,700 homes in the same quarter last year[2] - Home sales revenue was $879.8 million, down from $1.1 billion year-over-year[2] - Home sales revenue decreased by 22.3% to $879,832 thousand for the three months ended June 30, 2025, compared to $1,133,008 thousand in the same period of 2024[15] - Total home sales revenue for Q2 2025 was $879.8 million, a decrease of 22.3% from $1.133 billion in Q2 2024[27] Financial Performance - Net income available to common stockholders was $60.7 million, or $0.68 per diluted share, compared to $118.0 million, or $1.25 per diluted share in the prior year[2] - Net income available to common stockholders fell by 48.5% to $60,748 thousand for the three months ended June 30, 2025, down from $118,002 thousand in 2024[15] - Adjusted EBITDA declined by 35.5% to $139,322 thousand for the three months ended June 30, 2025, compared to $215,998 thousand in 2024[15] - Adjusted EBITDA for the six months ended June 30, 2025, was $265.020 million, compared to $391.891 million for the same period in 2024[35] Orders and Cancellations - Net new home orders were 1,131, down from 1,651, with a cancellation rate of 13% compared to 9%[2] - The cancellation rate increased to 13% in Q2 2025, up from 9% in Q2 2024[15] - Net new home orders decreased by 31.5% to 1,131 homes in Q2 2025, compared to 1,651 homes in Q2 2024[15] - Net new home orders in Q2 2025 totaled 1,131 units, a decrease of 31.4% compared to 1,651 units in Q2 2024[27] Backlog and Inventory - Backlog (estimated dollar value) dropped by 41.0% to $1,179,715 thousand as of June 30, 2025, from $1,999,852 thousand in the previous year[15] - The backlog of homes as of June 30, 2025, was 1,520 units with a total backlog value of $1.18 billion, compared to 2,692 units valued at $2 billion as of June 30, 2024[24] Margins and Costs - Homebuilding gross margin percentage was 20.8%, down from 23.6%, but adjusted gross margin was 22.1% excluding an inventory-related charge[2] - Homebuilding gross margin for Q2 2025 was $183.2 million, representing 20.8% of sales, down from 23.6% in Q2 2024[27] - Adjusted homebuilding gross margin for Q2 2025 was $221.9 million, or 25.2% of sales, compared to 27.1% in Q2 2024[27] - The total cost of home sales for the three months ended June 30, 2025, was $685.630 million after adjustments[32] Liquidity and Capital - The company ended the quarter with total liquidity of $1.4 billion, including cash and cash equivalents of $622.6 million[4] - Cash and cash equivalents decreased by 35.8% to $622,642 thousand as of June 30, 2025, compared to $970,045 thousand at the end of 2024[17] - Total liabilities decreased to $1,507,748 thousand as of June 30, 2025, from $1,555,393 thousand at the end of 2024[17] - The company reported a net homebuilding debt-to-net capital ratio of 8.0% as of June 30, 2025, compared to -1.6% at the end of 2024[29] Future Outlook - For Q3 2025, the company anticipates delivering between 1,000 and 1,100 homes at an average sales price between $675,000 and $685,000[5] - For the full year, the company expects to deliver between 4,800 and 5,200 homes at an average sales price between $665,000 and $675,000[6] Tax and Interest - Income before income taxes for the three months ended June 30, 2025, was $95.350 million, with a provision for income taxes of $26.723 million[32] - The effective tax rate for the three months ended June 30, 2025, was 28.0%[32] - The company incurred an interest expense of $41.693 million for the six months ended June 30, 2025[35] Shareholder Returns - The company announced a $50 million increase to its stock repurchase program, raising the total authorization to $300 million[1]

Core Insights - Tri Pointe Homes, Inc. reported solid financial results for Q2 2025, achieving home sales revenue of $879.8 million and delivering 1,326 homes despite macroeconomic challenges [1][3][4]. Financial Performance - Home sales revenue decreased by 22.3% compared to Q2 2024, down from $1.1 billion to $879.8 million [4][14]. - New home deliveries fell to 1,326 homes from 1,700 homes year-over-year, a decline of 22% [4][25]. - The average sales price of homes delivered was $664,000, slightly down from $666,000 in the previous year [4][25]. - Net income available to common stockholders was $60.7 million, or $0.68 per diluted share, compared to $118.0 million, or $1.25 per diluted share in Q2 2024 [4][22]. - Adjusted net income, excluding an inventory-related charge, was $68.7 million, or $0.77 per diluted share [4][22]. Operational Metrics - Homebuilding gross margin percentage was 20.8%, down from 23.6% in Q2 2024; adjusted gross margin was 22.1% when excluding the inventory-related charge [4][15]. - The cancellation rate increased to 13% from 9% year-over-year [4][25]. - The backlog at the end of the quarter consisted of 1,520 homes valued at $1.2 billion, down from 2,692 homes valued at $2.0 billion in the previous year [4][25]. Capital Management - The company repurchased $100 million of common stock during the quarter and increased its stock repurchase program authorization to $300 million [1][8]. - Tri Pointe Homes ended the quarter with total liquidity of $1.4 billion, including cash and cash equivalents of $622.6 million [4][18]. Future Outlook - For Q3 2025, the company anticipates delivering between 1,000 and 1,100 homes at an average sales price between $675,000 and $685,000 [6]. - The full-year guidance includes delivering between 4,800 and 5,200 homes at an average sales price between $665,000 and $675,000 [7].

Core Viewpoint - Tri Pointe Homes (TPH) is expected to report a significant decline in quarterly earnings and revenues, indicating challenges in the homebuilding sector [1][4]. Financial Performance Estimates - Analysts predict TPH will post quarterly earnings of $0.66 per share, a decrease of 47.2% year-over-year [1]. - Revenue is forecasted at $790.57 million, reflecting a year-over-year decline of 30.2% [1]. - The consensus estimate for 'Total revenues- Homebuilding- Home sales revenue' is $790.56 million, also down 30.2% from the previous year [4]. - 'Total revenues- Financial Service' is expected to be $18.89 million, showing an increase of 11.3% year-over-year [4]. Key Operational Metrics - 'New homes delivered' is estimated at 1,154, down from 1,700 in the same quarter last year [5]. - 'Net new home orders' are projected at 1,316, compared to 1,651 in the previous year [5]. - 'Selling communities at end of period' is expected to remain at 153, unchanged from the same quarter last year [5]. Pricing and Backlog Insights - The 'Average sales price in backlog' is anticipated to reach $757.80, up from $743.00 in the same quarter last year [6]. - The 'Average sales price of homes delivered' is projected at $686.14, compared to $666.00 in the previous year [6]. - The estimated 'Backlog (estimated dollar value)' is $1.42 billion, down from $2.00 billion in the same quarter last year [7]. - 'Backlog (homes)' is expected to be 1,876, a decrease from 2,692 in the previous year [7]. Income Projections - 'Income before income taxes- Financial services' is forecasted at $5.76 million, down from $6.08 million in the same quarter last year [8]. - 'Income before income taxes- Homebuilding' is expected to be $74.45 million, significantly lower than $153.15 million reported in the previous year [8]. Market Performance - TPH shares have increased by 8.1% over the past month, outperforming the Zacks S&P 500 composite, which rose by 5.4% [8].

With a New Home Gallery now open and sales underway, Altis at Serenity offers 55+ homebuyers a premium lifestyle neighborhood within the 550-acre Serenity planned community near the high-growth town of Fuquay-Varina Tri Pointe Homes® announced the grand opening of Altis at Serenity, its first 55+ lifestyle brand community on the East Coast, and its third Altis community nationwide. Located in North Carolina’s Research Triangle region, Altis at Serenity plans include exclusive resort-style amenities for it ...