Tri Pointe Profit Slips On Geographic Shift

Builder Online

TRI Pointe Group, Inc. (NYSE:TPH), Irvine, Calif., on Wednesday reported net income of $57.9 million, or $0.36 per share, for the fourth quarter ended Dec. 31, compared to net income of $85.1 million, or $0.52 per diluted share for the fourth quarter of 2015. The company attributed the decrease to lower home sales revenue and a $33.9 million decrease in home building gross margin, resulting in a 220 basis point decrease in home building gross margin percentage. The gain met analyst expectations.

Read More

Previous New Home Company Reports Higher Profit
Next KB Opens Two New Southern California Communities

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Developers Build on Home Rental Success With Whole Communities

Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters. When the housing market crashed, investors took

Homebuilders / Land Developers

Hovnanian Beats the Street

In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a

Homebuilders / Land Developers

NAHB Index Rises to Highest Level in Decade

The NAHB/Wells Fargo homebuilder sentiment index rose to 61 in August, representing the highest level in almost a decade. This is the highest level since November 2005. The index was