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Business Upturn
01-05-2025
- Business
- Business Upturn
Tri Pointe Homes Announces Two Land Transactions in Its New Coastal Carolinas Division, Marking the Company's Major Expansion Across the Carolinas
CHARLESTON, S.C., May 01, 2025 (GLOBE NEWSWIRE) — Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the U.S., today announced two new planned land acquisitions in South Carolina as part of its new division in the Coastal Carolinas. Neighborhoods planned for the two sites — single-family homes in Bluffton and townhomes in Beaufort— reflect Tri Pointe's strategy to serve a wide range of homebuyers with thoughtfully designed homes in locations known for their mix of natural beauty, Lowcountry charm, and access to coastal amenities. 'Beaufort County has earned its reputation as South Carolina's top place to live, offering a rare combination of longevity, education, and prosperity1,' said Doug Bauer, Tri Pointe Homes chief executive officer. 'After launching Tri Pointe's Coastal Carolinas division just last year, these two transactions are an important milestone and a tremendous opportunity to continue the upward momentum. This market is an exciting frontier for Tri Pointe, and I believe the diversity of these projects will demonstrate our ability to deliver housing options that cater to a wide range of lifestyles. We are thrilled to have the chance to contribute to the legacy of such a thriving community.' Guided by Tri Pointe's vision for delivering premium lifestyle experiences, both of the opportunities will be designed to offer distinct housing products situated near key lifestyle and economic hubs: Single family homes in Bluffton, SC Expected 2027 This opportunity is anticipated to feature single-family rear-load homes designed to balance modern convenience with Bluffton's charm. The community is located near the walkable Promenade in downtown Bluffton, known for its boutiques, restaurants, and parks. It also offers easy access to Hilton Head Island beaches and golf courses such as May River Golf Club and Hilton Head National. The site is zoned for one of the top school districts in the region, with schools like Bluffton High School and Red Cedar Elementary School nearby. Residents will enjoy a lifestyle enriched by proximity to Bluffton's vibrant arts scene, green spaces, and entertainment options like Station 300 and The Zone indoor amusement center. Townhomes in Beaufort, SC Expected 2027 Located six miles from downtown Beaufort, this property includes townhome lots with plans to feature Lowcountry-inspired architecture. Residents will benefit from the community's convenient access to downtown Beaufort's shopping and dining, the Broad River waterfront, and walkable green spaces like the Spanish Moss Trail. Local attractions include Cross Creek shopping mall and employment centers such as Savannah ports, Gulfstream, and USC Beaufort. The community is also situated near top-rated schools, including Bridges Preparatory Charter School and Robert Small Parkway's educational and retail corridor. 'Our Coastal Carolinas division is moving full steam ahead,' said Gray Shell, Tri Pointe Homes Coastal Carolinas division president. 'These transactions exemplify Tri Pointe's unmatched combination of design innovation and expertise. With a permanent presence, a growing team, and deepening relationships with trade partners and local communities, we are positioning ourselves as a leading premium lifestyle brand in this high-growth market.' For more information about Tri Pointe Homes and its upcoming communities in the Coastal Carolinas, visit 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 was also named to the 2024 Fortune World's Most Admired Companies™ list, 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 four years in a row (2021 through 2024), and was named on several Great Place To Work® Best Workplaces list (2022 through 2024). For more information, please visit 1 24/7 Wall St.: Photos accompanying this announcement are available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Associated Press
01-05-2025
- Business
- Associated Press
Tri Pointe Homes Announces Two Land Transactions in Its New Coastal Carolinas Division, Marking the Company's Major Expansion Across the Carolinas
CHARLESTON, S.C., May 01, 2025 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the U.S., today announced two new planned land acquisitions in South Carolina as part of its new division in the Coastal Carolinas. Neighborhoods planned for the two sites — single-family homes in Bluffton and townhomes in Beaufort— reflect Tri Pointe's strategy to serve a wide range of homebuyers with thoughtfully designed homes in locations known for their mix of natural beauty, Lowcountry charm, and access to coastal amenities. 'Beaufort County has earned its reputation as South Carolina's top place to live, offering a rare combination of longevity, education, and prosperity1,' said Doug Bauer, Tri Pointe Homes chief executive officer. 'After launching Tri Pointe's Coastal Carolinas division just last year, these two transactions are an important milestone and a tremendous opportunity to continue the upward momentum. This market is an exciting frontier for Tri Pointe, and I believe the diversity of these projects will demonstrate our ability to deliver housing options that cater to a wide range of lifestyles. We are thrilled to have the chance to contribute to the legacy of such a thriving community.' Guided by Tri Pointe's vision for delivering premium lifestyle experiences, both of the opportunities will be designed to offer distinct housing products situated near key lifestyle and economic hubs: Single family homes in Bluffton, SC Expected 2027 This opportunity is anticipated to feature single-family rear-load homes designed to balance modern convenience with Bluffton's charm. The community is located near the walkable Promenade in downtown Bluffton, known for its boutiques, restaurants, and parks. It also offers easy access to Hilton Head Island beaches and golf courses such as May River Golf Club and Hilton Head National. The site is zoned for one of the top school districts in the region, with schools like Bluffton High School and Red Cedar Elementary School nearby. Residents will enjoy a lifestyle enriched by proximity to Bluffton's vibrant arts scene, green spaces, and entertainment options like Station 300 and The Zone indoor amusement center. Townhomes in Beaufort, SC Expected 2027 Located six miles from downtown Beaufort, this property includes townhome lots with plans to feature Lowcountry-inspired architecture. Residents will benefit from the community's convenient access to downtown Beaufort's shopping and dining, the Broad River waterfront, and walkable green spaces like the Spanish Moss Trail. Local attractions include Cross Creek shopping mall and employment centers such as Savannah ports, Gulfstream, and USC Beaufort. The community is also situated near top-rated schools, including Bridges Preparatory Charter School and Robert Small Parkway's educational and retail corridor. 'Our Coastal Carolinas division is moving full steam ahead,' said Gray Shell, Tri Pointe Homes Coastal Carolinas division president. 'These transactions exemplify Tri Pointe's unmatched combination of design innovation and expertise. With a permanent presence, a growing team, and deepening relationships with trade partners and local communities, we are positioning ourselves as a leading premium lifestyle brand in this high-growth market.' For more information about Tri Pointe Homes and its upcoming communities in the Coastal Carolinas, visit 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 was also named to the 2024 Fortune World's Most Admired Companies™ list, 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 four years in a row (2021 through 2024), and was named on several Great Place To Work® Best Workplaces list (2022 through 2024). For more information, please visit 1 24/7 Wall St.: Photos accompanying this announcement are available at CONTACT: Katy Biggerstaff [email protected] / 562.761.6338
Yahoo
08-04-2025
- Business
- Yahoo
Home Builders Stocks Q4 Results: Benchmarking Tri Pointe Homes (NYSE:TPH)
As the Q4 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the home builders industry, including Tri Pointe Homes (NYSE:TPH) and its peers. Traditionally, homebuilders have built competitive advantages with economies of scale that lead to advantaged purchasing and brand recognition among consumers. Aesthetic trends have always been important in the space, but more recently, energy efficiency and conservation are driving innovation. However, these companies are still at the whim of the macro, specifically interest rates that heavily impact new and existing home sales. In fact, homebuilders are one of the most cyclical subsectors within industrials. The 12 home builders stocks we track reported a slower Q4. As a group, revenues beat analysts' consensus estimates by 1.2%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11.6% since the latest earnings results. Established in 2009 in California, Tri Pointe Homes (NYSE:TPH) is a United States homebuilder recognized for its innovative and sustainable approach to creating premium, life-enhancing homes. Tri Pointe Homes reported revenues of $1.25 billion, flat year on year. This print exceeded analysts' expectations by 3.3%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts' EBITDA estimates but a significant miss of analysts' backlog estimates. 'Tri Pointe Homes delivered strong fourth quarter results, capping off another exceptional year for our company,' said Tri Pointe Homes Chief Executive Officer Doug Bauer. The stock is down 15.5% since reporting and currently trades at $30.61. Is now the time to buy Tri Pointe Homes? Access our full analysis of the earnings results here, it's free. Founded in 1951, Champion Homes (NYSE:SKY) is a manufacturer of modular homes and buildings in North America. Champion Homes reported revenues of $644.9 million, up 15.3% year on year, outperforming analysts' expectations by 9.2%. The business had an incredible quarter with an impressive beat of analysts' sales volume estimates and a solid beat of analysts' EPS estimates. The stock is down 6.3% since reporting. It currently trades at $86.94. Is now the time to buy Champion Homes? Access our full analysis of the earnings results here, it's free. Started by two brothers who started by building and selling just one home in Pennsylvania, today Toll Brothers (NYSE:TOL) is a luxury homebuilder across the United States. Toll Brothers reported revenues of $1.86 billion, down 4.6% year on year, falling short of analysts' expectations by 2.9%. It was a disappointing quarter as it posted a significant miss of analysts' EBITDA and EPS estimates. As expected, the stock is down 21.5% since the results and currently trades at $95.74. Read our full analysis of Toll Brothers's results here. One of the largest homebuilders in America, Lennar (NYSE:LEN) is known for constructing affordable, move-up, and retirement homes across a range of markets and communities. Lennar reported revenues of $7.63 billion, up 4.4% year on year. This print topped analysts' expectations by 2%. Zooming out, it was a mixed quarter as it also logged an impressive beat of analysts' EPS estimates but a miss of analysts' backlog estimates. The stock is down 9.6% since reporting and currently trades at $108.47. Read our full, actionable report on Lennar here, it's free. The first homebuilder to be listed on the NYSE, KB Home (NYSE:KB) is a homebuilding company targeting the first-time home buyer and move-up buyer markets. KB Home reported revenues of $1.39 billion, down 5.2% year on year. This result came in 6.5% below analysts' expectations. It was a disappointing quarter as it also recorded full-year revenue guidance missing analysts' expectations and a significant miss of analysts' adjusted operating income estimates. The stock is down 10.3% since reporting and currently trades at $55.43. Read our full, actionable report on KB Home here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
