2024-06-12 17:34:36 ET
Summary
- Tri Pointe Homes has shown impressive growth in the homebuilding market, with shares up 84.3% since June 2022.
- Despite some setbacks in 2023, the company has seen revenue and profitability increase in the first quarter of 2024.
- With a growing backlog and strong net new orders, Tri Pointe Homes remains a solid investment option in the housing market.
For several years now, I have been very interested in the homebuilding market. My fascination in it stems from my formative days as an investor. I originally started doing my own investing after living through the housing collapse that began in 2007. In addition to that nostalgia, I find the dynamics of this market to be interesting. For multiple reasons I won't go into, and that you very likely know already, this country continues to face housing shortages year after year. Because of inflation, demand for housing, and the fact that houses have increased in size for the past few decades, we seem to be almost perpetually in a bull market....
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Tri Pointe Homes: Shares Have More Room To Run