TRI Pointe Homes, Inc. is engaged in the design, construction, and sale of single-family homes in major metropolitan areas located throughout California and Colorado. The company also builds, markets, and sells homes for independent third-party property owners under the TRI Pointe Homes brand name. As of December 31, 2013, the company’s operations consisted of 27 communities, 10 of which are selling, containing 2,282 lots under various stages of development in California and Colorado. It owned 2,282 lots and controlled 1,184 lots that are under land option or purchase contracts, representing approximately 2 to 3 years of supply to support its current growth plan. The company sold approximately 950 homes (including fee building projects), which are located in prestigious master planned communities in California. Its detached homes range in size from approximately 1,300 to 4,300 square feet, and attached homes range in size from approximately 1,200 to 2,500 square feet. In Southern California, the company principally operates in the counties of Los Angeles, Orange, San Diego, Ventura, and Riverside-San Bernardino. In Northern California, it principally operates in the counties of Contra Costa, Santa Clara, San Mateo, Solano, San Joaquin, and Alameda. In Colorado, the company principally operates in the counties of Douglas, Denver, and Jefferson. Owned and Controlled Lots As of December 31, 2013, the company owned or controlled, pursuant to land option contracts or purchase contracts, an aggregate of 3,466 lots. Sales and Marketing The company sells its homes through its own sales representatives and through independent real estate brokers. Business Strategy The company’s business strategy is driven by acquiring attractive land positions while reducing risk; increasing market position in growth markets; providing superior design and homeowner experience and service; offering a range of products; focusing on efficient cost structure and target attractive returns; and utilizing prudent leverage. Seasonality The company has experienced seasonal variations in its quarterly operating results and capital requirements. It takes orders for various homes in the first half of the fiscal year (year ending December 2013) than in the second half, which creates additional working capital requirements in the second and third quarters to build its inventories to satisfy the deliveries in the second half of the year. History TRI Pointe Homes, Inc. was founded in 2009.
tri pointe homes inc (TPH:New York)
19520 Jamboree Road
Irvine, CA 92612
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