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Tri Pointe Homes Q4 Net New Home Orders Increased 143% YoY To 1,078; Backlog Units Increased 58% To 2,320

Author: Benzinga Newsdesk | February 20, 2024 07:13am

Net new home orders of 1,078 compared to 444, an increase of 143%
Active selling communities averaged 159.3 compared to 136.8, an increase of 16%
- Net new home orders per average selling community increased by 109% to 6.8 orders (2.3 monthly) compared to 3.2 orders (1.1 monthly)
- Cancellation rate of 12% compared to 42%
Backlog units at quarter end of 2,320 homes compared to 1,472, an increase of 58%
- Dollar value of backlog at quarter end of $1.6 billion compared to $1.2 billion, an increase of 38%
- Average sales price in backlog at quarter end of $695,000 compared to $791,000, a decrease of 12%

Posted In: TPH