Tri Pointe Homes Announces Chapel Hill's Newest Premium Townhome Community, Summit at Homestead

Rhea-AI Summary

Tri Pointe Homes (NYSE:TPH) has announced the launch of Summit at Homestead, a new premium townhome community in Chapel Hill, North Carolina. The development will feature 119 townhomes with floor plans ranging from 1,604 to 2,161 square feet, offering 3-4 bedrooms and 2.5-3 bathrooms.

Located near the intersection of Homestead Road and Weaver Dairy Road Extension, the community will include amenities such as a dog park, picnic area, and access to the Carolina North Greenway Trail. The development is strategically positioned near UNC Chapel Hill, Duke University, and within the Chapel Hill-Carrboro City School System.

Sales are scheduled to begin in August 2025, with model homes opening in November. A Muddy Boots Tour event is planned for August 9th, with move-ins possible before year-end.

Positive

• Prime location near prestigious universities and top-rated schools
• Community amenities including dog park, picnic area, and trail access
• Move-in ready homes available before end of 2025

Negative

• None.

News Market Reaction – TPH

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+0.16% News Effect

On the day this news was published, TPH gained 0.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Summit at Homestead Debuts a Collection of Modern Townhomes

CHAPEL HILL, N.C., July 28, 2025 /PRNewswire/ -- The Raleigh Division of Tri Pointe Homes® is excited to announce its newest Chapel Hill community, Summit at Homestead. Nestled in one of the Triangle's most sought-after towns, Summit at Homestead offers a modern collection of approximately 119 premium townhomes in a prime location known for a convenient lifestyle with access to top-rated schools, nationally recognized hospitals, renowned universities, and abundant parks and green spaces.

Tucked away near the intersection of Homestead Road and Weaver Dairy Road Extension, Summit at Homestead offers five different spacious floor plans ranging from approximately 1,604 to 2,161 square feet, each designed to fit the modern homebuyer's needs and lifestyles. Townhomes feature 3-4 bedrooms, 2.5-3 bathrooms and 1-2 bay garages, providing options for discerning homebuyers seeking new construction in an ideal location. Each floor plan delivers open-concept layouts, spacious rooms and functional designs including LivingSmart® features that combine the latest technology with sustainable practices. In addition to these carefully crafted homes, the Summit at Homestead community includes neighborhood spaces that encourage outdoor activity, including a dog park, a picnic area, and direct access to the Carolina North Greenway Trail.

Summit at Homestead is conveniently located near two elite educational institutions, the University of North Carolina at Chapel Hill and Duke University, making it a prime spot for Tar Heel and Blue Devil fans alike. The community is also part of the highly regarded Chapel Hill-Carrboro City School System, known for its academic prestige. There's no shortage of things to do in the Chapel Hill area, whether it's enjoying the community's culture, dining, entertainment and nearby parks, including Homestead Park, just minutes from the Summit at Homestead community.

"Summit at Homestead provides homebuyers with easy access to everything that makes Chapel Hill such a vibrant place to live," said Tri Pointe Homes Raleigh Division Vice President of Community Experience James Flanagan. "We've designed this community to reflect what today's homebuyers are looking for – not just stylish, well-designed and constructed homes, but homes that deliver a premium experience in a perfectly situated location."

Sales for Summit at Homestead are slated to begin in August, with two model homes scheduled to open in November. Tri Pointe Homes invites prospective homebuyers to a behind-the-scenes look at Summit at Homestead during a special Muddy Boots Tour event on Friday, August 9^th. Buyers have the opportunity to move in before the end of the year and settle into their new home for the holidays. To learn more about Tri Pointe Homes and stay up to date on the Summit at Homestead community, visit: https://www.tripointehomes.com/nc/raleigh/summit-at-homestead/. 

About Tri Pointe Homes® [Raleigh] 

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 2023 and 2025 Fortune 100 Best Companies to Work For® and was designated as one of the PEOPLE Companies That Care® in 2023 and 2024. 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 2024). Tri Pointe Homes is a recognized leader in the Raleigh real estate sector. For more information, please visit TriPointeHomes.com.

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SOURCE Tri Pointe Homes

FAQ

What is the size range of townhomes at TPH's Summit at Homestead community?

The townhomes range from 1,604 to 2,161 square feet, featuring 3-4 bedrooms, 2.5-3 bathrooms, and 1-2 bay garages.

When will sales begin for Tri Pointe Homes' Summit at Homestead community?

Sales are scheduled to begin in August 2025, with two model homes opening in November 2025.

How many townhomes will be available at TPH's Summit at Homestead development?

The Summit at Homestead community will include approximately 119 premium townhomes in Chapel Hill, North Carolina.

What amenities are included in TPH's Summit at Homestead community?

The community features a dog park, picnic area, and direct access to the Carolina North Greenway Trail.

Where is Tri Pointe Homes' Summit at Homestead community located?

The community is located near the intersection of Homestead Road and Weaver Dairy Road Extension in Chapel Hill, close to UNC Chapel Hill and Duke University.