Tri Pointe Homes
{{Short description|American home building company}}
{{Infobox company
| name = Tri Pointe Homes, Inc.
| former_name = TRI Pointe Group, Inc.
(2014–2020)
| type = Public company
| traded_as = {{NYSE|TPH}}
S&P 600 component
| industry = Home construction
| location = Incline Village, Nevada
| founded = {{Start date and age|2009|04}} in Irvine, California, U.S.
| key_people = Douglas F. Bauer, CEO
Thomas J. Mitchell, COO
Glenn J. Keeler, CFO
| production = 6,460 new home deliveries
| revenue = {{increase}} $4.423 billion (2024)
| net_income = {{increase}} $458 million (2024)
| assets = {{increase}} $4.891 billion (2024)
| equity = {{increase}} $3.336 billion (2024)
| num_employees = 1,750 (2024)
| website = {{URL|tripointehomes.com}}
| footnotes = https://www.sec.gov/ix?doc=/Archives/edgar/data/0001561680/000156168025000029/tph-20241231.htm
}}
Tri Pointe Homes, Inc. is a new home builder headquartered in Incline Village, Nevada. The company builds premium homes and communities with deep ties to the communities it serves. Tri Pointe Homes combines the financial resources, technology platforms, and proven leadership of a national organization with the regional insight, long standing community connections and agility of empowered local teams.
Tri Pointe Solutions® offers a comprehensive suite of homebuying services, including a mortgage company and title company, plus homeowner's insurance, title insurance and more.
Tri Pointe Homes operates in Arizona, California, Colorado, the District of Columbia, Florida, Maryland, Nevada, North Carolina, South Carolina, Texas, and Utah. The company is the 18th largest home construction company in the United States based on the number of homes closed.{{Cite web |title=2024 - Builder 100 |url=https://www.builderonline.com/builder-100/builder-100-list/2024/ |access-date=2025-04-29 |website=Builder |language=en}}
History
Tri Pointe was founded in April 2009 in Irvine, California by Doug Bauer, Tom Mitchell, and Mike Grubbs. In 2010, it received $150 million in financing from Starwood Capital.{{cite news | title=The Recession Didn't Slow Down This Builder | url=https://www.builderonline.com/builder-100/strategy/the-recession-didnt-slow-down-this-builder_o | first=Lauren | last=Shanesy | website=Builder Magazine | date=May 2, 2018}}
In January 2013, Tri Pointe became a public company via an initial public offering.{{cite news | url=https://www.marketwatch.com/story/tri-pointe-homes-prices-ipo-137m-shares-at-17-2013-01-31-9915457 | title=Tri Pointe Homes IPO up 15% over $17 price | first=Robert | last=Daniel | work=MarketWatch | date=January 31, 2013}}
In July 2014, Tri Pointe acquired Weyerhaeuser Real Estate Company (WRECO), which constructed homes under the names Quadrant Homes (greater Seattle and Puget Sound area), Pardee Homes (California and Nevada), Maracay Homes (Arizona), Trendmaker Homes, Avanti Custom Homes, Texas Casual Cottages (Texas), Winchester Homes, Camberley Homes, and Everson Homes (Maryland and Virginia).{{Cite press release | url=https://www.tripointegroup.com/newsroom/press-release-details/2014/TRI-Pointe-Homes-Closes-28-Billion-Merger-with-Weyerhaeuser-Real-Estate-Company/ | title=TRI Pointe Homes Closes $2.8 Billion Merger with Weyerhaeuser Real Estate Company | publisher=Tri Pointe Homes | date=July 8, 2014}}{{Cite news | url=https://www.wsj.com/articles/BL-MBB-23709 | title=With Merger Closed, TRI Pointe Homes to Focus on Expansion, New Services | first=Kris | last=Hudson | work=The Wall Street Journal | date=July 7, 2014 | url-access=subscription}}
In January 2021, the company changed its corporate name and rebranded all of its subsidiaries under the name Tri Pointe Homes.{{Cite news |title=Homebuilder Tri Pointe rebranding local builders under one name |url=https://www.ocregister.com/2021/01/19/homebuilder-tri-pointe-rebranding-local-builders-under-a-one-name | work=Orange County Register |date=January 20, 2021}}{{cite news |last=Gonzales |first=Angela |title=Maracay name dropped in Arizona — hello Tri Pointe Homes | url=https://www.bizjournals.com/phoenix/news/2021/01/27/maracay-name-dropped-in-arizona.html |work=American City Business Journals |date=January 27, 2021}}
Awards and recognition
Tri Pointe Homes has won multiple Builder of the Year awards and was named 2024 Developer of the Year by Builder and Developer Magazine.{{Cite web |last=Slevin |first=Fiona |date=2024-12-19 |title=Tri Pointe Homes: Founded With a Vision to Redefine the Homebuilding Industry |url=https://www.bdmag.com/tri-pointe-homes-founded-with-a-vision-to-redefine-the-homebuilding-industry/ |access-date=2025-04-29 |website=Builder and Developer Magazine |language=en-US}}
Tri Pointe was also named to the 2024 Fortune World's Most Admired Companies™ list,{{Cite web |title=World's Most Admired Companies |url=https://fortune.com/ranking/worlds-most-admired-companies/ |access-date=2025-04-29 |website=Fortune |language=en}} is one of the 2023 and 2025 Fortune 100 Best Companies to Work For®{{Cite web |title=Join the Fortune 100 Best Companies to Work For® |url=https://www.greatplacetowork.com/best-companies-to-work-for |access-date=2025-04-29 |website=Great Place To Work® |language=en-us}} and was designated as one of the PEOPLE® Companies that Care in 2023 and 2024.{{Cite web |title=Join the PEOPLE® Companies that Care |url=https://www.greatplacetowork.com/companies-that-care |access-date=2025-04-29 |website=Great Place To Work® |language=en-us}} It was also named as a Great Place to Work-Certified™{{Cite web |title=Certified™ Companies - Best Companies to Work for |url=https://www.greatplacetowork.com/certified-companies |access-date=2025-04-29 |website=Great Place To Work® |language=en-us}} company for four consecutive years, and was named on several Great Place To Work® Best Workplaces{{Cite web |title=Current Best Workplaces Lists {{!}} Great Place To Work® |url=https://www.greatplacetowork.com/best-workplaces |access-date=2025-04-29 |website=www.greatplacetowork.com}} lists from 2022 through 2024.
References
{{reflist}}
External links
- {{Official website|https://www.tripointehomes.com}}
{{Finance links|name=Tri Pointe Homes, Inc.|symbol=TPH|reuters=TPH.N|bloomberg=TPH:US|sec_cik=1561680|yahoo=TPH|google=TPH:NYSE}}
{{authority control}}
Category:2009 establishments in California
Category:American companies established in 2009
Category:Companies based in Nevada
Category:Companies listed on the New York Stock Exchange
Category:Construction and civil engineering companies of the United States