Tri Pointe Homes, Inc. (TPH)

Tri Pointe Homes' stock has experienced fluctuations influenced by market conditions and company-specific performance. As of December 19, 2025, the share price was $32.08, a 13.37% decline from December 20, 2024. The second quarter of 2025 saw a 22% revenue dip due to higher mortgage rates, leading to a 31.5% decrease in net new home orders. The company is prioritizing inventory management, cost control, and the sale of move-in-ready homes. A Federal Reserve rate cut in December 2025 led to a temporary gain in the iShares U.S. Home Construction ETF (ITB), which includes TPH. For 2025, Tri Pointe Homes anticipated delivering between 4,800 and 5,000 homes at an average sales price of approximately $680,000. The company maintained a low homebuilding debt-to-capital ratio of 25.1% as of Q3 2025.

Tri Pointe Homes experiences seasonal variations in its operating results and capital requirements, typically receiving more home orders in the first half of the fiscal year. The spring selling season is the peak buying season, while home sales usually decline from July to September. The seasonality effect is less pronounced for new home sales compared to existing home sales. Elevated mortgage rates contributed to softer seasonal sales for Tri Pointe Homes in the fourth quarter of 2024, but the company observed an increase in demand and reduced incentives in early 2025.

Tri Pointe Homes, Inc. is a U.S. home construction company that designs, constructs, and sells single-family attached and detached homes. It provides financial services like mortgage financing, insurance, and title services. The company operates within the homebuilding industry and is publicly traded on the New York Stock Exchange under the ticker symbol TPH, catering to a diverse range of homebuyers with a focus on innovative design, quality construction, and environmentally responsible practices through its LivingSmart program.

Tri Pointe Homes operates in 12 states and the District of Columbia, segmented into West, Central, and East regions. The West region includes Arizona, California, Nevada, and Washington. The Central region covers Colorado, Texas, and Utah. The East region encompasses the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia, with recent expansions into Florida.

Tri Pointe Homes has received accolades, including being named to the 2025 Fortune 100 Best Companies to Work For® list and recognized on the 2024 Fortune World's Most Admired Companies™ list. It has also been designated as one of the PEOPLE Companies That Care® and has been a Great Place To Work-Certified™ company. The company was named to the Fortune Best Workplaces for Women™ list for the fourth consecutive year. Customer satisfaction was high in 2024, with a 94% overall move-in customer satisfaction score. However, some customer reviews on the Better Business Bureau (BBB) raised concerns regarding construction quality, warranty issues, and alleged misinformation.

Tri Pointe Homes' ownership is predominantly held by institutional investors. As of December 19, 2025, 717 institutional owners collectively held 112,359,269 shares. Major institutional shareholders include BlackRock, Inc., The Vanguard Group Inc., Dimensional Fund Advisors LP, Fmr Llc, and State Street Corp. BlackRock, Inc. held the largest institutional position with 15.80 million shares, representing 18.06% of the company. Significant individual owners include Barry S. Sternlicht and Thomas J. Mitchell. Insider transactions indicate net selling by TPH insiders.