Net New Home Orders: Soared by 143% to 1,078 in Q4.Backlog: Units rose by 58% to 2,320, with a dollar value increase of 38% to $1.6 billion.Home Sales Revenue: Declined by 17% to $1.2 billion in Q4.Homebuilding Gross Margin: Decreased to 22.9% from 25.0% in the previous year.Diluted Earnings Per Share (EPS): Dropped to $1.36 from $1.98 year-over-year.Active Selling Communities: Increased by 14% to 155.Liquidity: Ended Q4 with $1.6 billion, including cash and credit facility availability.On February 20, 2024, Tri Pointe Homes Inc (NYSE:TPH) released its 8-K filing, detailing its financial results for the fourth quarter and full year of 2023. The American residential construction company, known for its single-family homes and condominiums, faced a challenging market environment characterized by fluctuating mortgage interest rates and a competitive landscape.Tri Pointe Homes Inc (TPH) Reports Mixed Results Amid Market ShiftsCompany OverviewTri Pointe Homes Inc operates across several states, with a significant presence in California, Arizona, and Nevada. The company’s annual production hovers around 4,000 homes, with an average selling price of approximately $500,000. Tri Pointe is also engaged in land sale and development, contributing to its diverse revenue streams.Financial Performance an …
See the full Home Prices article, or, read more Arizona real estate investing news. Go ahead. You know you want to.
