Welcome to our dedicated page for Tri Pointe Homes news (Ticker: TPH), a resource for investors and traders seeking the latest updates and insights on Tri Pointe Homes stock.
Tri Pointe Homes, Inc. operates as a U.S. residential homebuilder that designs, constructs and sells attached and detached single-family homes. News about TPH commonly covers quarterly operating and financial results, community openings, regional homebuilding milestones, and product concepts such as LivingSmart® and LivingWell™.
The company’s updates also reflect its national platform and local-market divisions, including activity in communities such as Snoqualmie Ridge and Holladay Hills. Recurring coverage includes home sales, new-home design initiatives, shareholder voting matters, capital-structure disclosures, financial services tied to mortgage, title, escrow and insurance operations, and corporate-status developments.
TRI Pointe Group reported a significant increase in net new home orders in May 2020, with orders more than doubling from April. The company recorded 472 orders in May, a slight 5% decrease from the previous year, while net new orders in April fell 54% year-over-year. California saw a 7% increase in May compared to last year. The CEO noted that despite challenges from COVID-19, demand has returned in nearly all markets. The cancellation rates were 36% in April and 23% in May. The company continues to operate and has reopened home galleries for walk-in traffic.