Tri Pointe Homes Expects Double-Digit Community Growth in 2026, Expands Buybacks Amid Choppy Market.

Tri Pointe Homes reported Q2 2025 earnings with CEO Douglas F. Bauer highlighting good quarterly results and execution in a challenging environment. The company met top and bottom line guidance while continuing to build its community count. Tri Pointe Homes outlined double-digit community growth for 2026 and expanded its share buyback program.

Tri Pointe Homes Inc. (NYSE: TPH) reported its second-quarter 2025 earnings on July 24, 2025, highlighting a challenging market environment while meeting its financial targets. The company delivered 1,326 homes at an average sales price of $664,000, generating $880 million in home sales revenue [1].

CEO Douglas F. Bauer emphasized that the company executed well in a "choppy" market characterized by policy uncertainty, geopolitical tensions, and rising housing inventory levels in some regions. Bauer noted that the company's adjusted net income was $69 million or $0.77 per diluted share. He also highlighted the company's focus on balancing pace and price on a community-by-community basis to normalize its level of spec inventory [2].

TRI Pointe Homes expanded its revolving credit facility to 2030 and increased its size to $850 million. Additionally, the company accelerated its share repurchase program, reducing its share count by 3.5% in the second quarter alone. The company's share repurchase program has been a key strategy to increase its book value per share, which reached $36.08 as of June 30, 2025 [1].

Looking ahead, Tri Pointe Homes expects to deliver between 1,000 and 1,100 homes in the third quarter of 2025 at an average sales price between $675,000 and $685,000. For the full year 2025, the company projects deliveries of 4,800 to 5,200 homes at an average sales price between $665,000 and $675,000. The company expects an adjusted homebuilding gross margin percentage of 20.5% to 22.0% (excluding an $11.0 million inventory-related charge recorded in the second quarter) and an SG&A expense ratio of 12.0% to 13.0% [2].

Tri Pointe Homes also outlined double-digit community growth for 2026, with expansions in Utah, Florida, and the Coastal Carolina expected to contribute to meaningful top and bottom line growth while broadening its geographic footprint [2].

References:
[1] https://ca.investing.com/news/company-news/tri-pointe-homes-q2-2025-slides-deliveries-and-revenue-down-22-amid-market-slowdown-93CH-4117332
[2] https://seekingalpha.com/news/4471711-tri-pointe-homes-outlines-2026-double-digit-community-growth-and-expands-buybacks-as-market