IRVINE, CA—Coming off it's 2014 merger with Weyerhaeuser Real Estate Co., TRI Pointe Group, Inc. has “continued to sell homes at a healthy pace,” with an absorption rate of 3.5 homes per community per month, compared to a rate of 2.6 homes per month in the same period in 2014.
The company recently announced results for the second quarter ended June 30.
The merger with Weyerhaeuser was completed July 7 of last year. Accordingly, legacy TRI Pointe's financial results are not included in the Generally Accepted Accounting Principles (“GAAP”) results. The company has appended Supplemental Combined Company Information to its second quarter reporting.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
