TRI Pointe Group, Inc. engages in the design, construction and sale of single-family attached and detached homes through its portfolio of six brands in eight states in the United States. Segments The company's operations are organized in two businesses, Homebuilding and Financial Services. Its Homebuilding operation consists of six segments, including Maracay Homes, consisting of operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado; and Winchester Homes, consisting of operations in Maryland and Virginia. The company’s Financial Services operation (TRI Pointe Solutions) is a segment and is comprised of its TRI Pointe Connect mortgage financing operations and its TRI Pointe Assurance title services operations. Owned or Controlled Lots As of December 31, 2015, the company owned or controlled, pursuant to land option contracts or purchase contracts, an aggregate of 27,602 lots; and had 104 active selling communities. Homebuyer Financing and Title Services The company seeks to assist its homebuyers in obtaining financing by arranging with mortgage lenders to offer qualified homebuyers various financing options. Its financial services operation (TRI Pointe Solutions) is comprised of mortgage financing operations (TRI Pointe Connect), which was formed as a joint venture with an established mortgage lender, and title services operations (TRI Pointe Assurance). TRI Pointe Assurance provides title examinations for the company’s homebuyers in its Trendmaker Homes and Winchester Homes brands. Sales and Marketing The company sells its homes through its own sales representatives and through independent real estate brokers. Business Strategy The company’s business strategy is to focus on high growth core markets; acquire attractive land positions while reducing risk; increase market position in growth markets; provide superior design and homeowner experience and service; offer a diverse range of products; and focus on efficient cost structure and target attractive returns. Seasonality The company has experienced seasonal variations in its quarterly operating results and capital requirements. The company takes orders for more homes in the first half of the fiscal year (year ending December 2015) than in the second half, which creates additional working capital requirements in the second and third quarters to build its inventories to satisfy the deliveries in the second half of the year. The company expects this seasonal pattern to continue over the long-term, although it might be affected by volatility in the homebuilding industry and the geographic mix of the homes it sells.
tri pointe group inc (T86:Frankfurt)
19540 Jamboree Road
Irvine, CA 92612
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