Tri Pointe Homes Expands Its Premium Lifestyle Builder Footprint with New Division in Utah
September 19, 2023 at 06:00 am EDT
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Tri Pointe Homes announced that it is expanding its footprint with the opening of a new division in Utah. Operations will be based in the greater Salt Lake City region, one of the most consistently strong housing markets in the country. Tri Pointe Homes' strategic expansion capitalizes on the rapid population and job growth that Utah has been experiencing for more than a decade and that is a key driver of housing demand.
According to U.S. Census Bureau data, Utah was one of the country's faster growing states from 2010-2020, while its unemployment rate is one of the lowest in the nation, according to the U.S. Bureau of Labor Statistics. A key pillar that helps Tri Pointe Homes succeed in diverse markets across the country, the Best of Big and Small means that each of the company's regional divisions are led by market experts who are empowered to make decisions on a local level while having the financial backing and resources of one of the larger public homebuilding operations in the country.
Tri Pointe Homes, Inc. operates as a homebuilder, which is engaged in the design, construction, and sale of single-family attached and detached homes. It offers its services across ten states, including Arizona, California, Colorado, Maryland, Nevada, North Carolina, South Carolina, Texas, Virginia and Washington, and the District of Columbia. The Company operates through two businesses: homebuilding and financial services. Its three homebuilding segments include West Region, which includes Arizona, California, Nevada, and Washington; Central Region, which includes Colorado and Texas, and East Region, which includes the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. Its Tri Pointe Solutions financial services operation comprises its Tri Pointe Connect mortgage financing operations, its Tri Pointe Assurance title and escrow services operations, and its Tri Pointe Advantage property and casualty insurance agency operations.