IRVINE, CA—TRI Pointe Group has announced its results for the third quarter, saying new home orders increased 24%, and a 36% jump in revenue.
New home orders increased to 996 compared to 803, an increase of 24%. New home deliveries also increased 35% compared the the third quarter of 2014 to 1,138.
"TRI Pointe Group delivered another strong quarter marked by year-over-year growth in revenues, net income and orders", commented CEO Doug Bauer. "In addition, the Company's third quarter results met or exceeded our guidance for new home deliveries, homebuilding gross margins and community openings. These achievements are a reflection of TRI Pointe Group's success in combining and integrating the six homebuilding brands, and the strength of the deeply experienced operating teams in each of their local markets."
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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.
