Tri Pointe Homes, Inc.

The company is a national homebuilder specializing in the design, construction, and sale of single-family attached and detached homes. It operates in 17 markets across twelve states and the District of Columbia. In early 2024, the company announced expansions into the Orlando and Coastal Carolinas regions, though home sales had not yet commenced in these areas as of December 31, 2025. The company's homebuilding operations are organized into three reportable segments for the year ended December 31, 2025: - **West Region:** Arizona, California, Nevada, and Washington - **Central Region:** Colorado, Texas, and Utah - **East Region:** District of Columbia, Florida, Maryland, North Carolina, South Carolina, and Virginia As of December 31, 2025, the company had 156 active selling communities and 32,219 lots owned or controlled. Its construction expertise allows it to offer a wide range of products, including entry-level, move-up, luxury, and active adult homes. Base sales prices for these homes range from approximately $190,000 to $3.2 million, and home sizes range from approximately 1,240 to 5,300 square feet. For the years ended December 31, 2025 and 2024, the company delivered 4,947 and 6,460 homes, respectively. The average sales price of new homes delivered was approximately $680,000 for 2025 and $679,000 for 2024. On February 13, 2026, the company entered into a Merger Agreement with Sumitomo Forestry Co., Ltd., a Japanese corporation, and Teton NewCo, Inc., an indirect wholly owned subsidiary of Sumitomo Forestry.