Dive Brief:
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Builder magazine called Irvine, CA,-based TRI Pointe Group the fastest-growing homebuilder in the country and named it as its 2015 Builder of the Year.
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TRI Point Group is a family of regional builders started in 2009—mid-recession—as TRI Pointe Homes. The builder, which specializes in single-family homes and townhouses, went public in 2013, and it acquired Weyerhaeuser’s homebuilding subsidiary, Weyerhaeuser Real Estate Co., last year.
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The firm closed 459 homes in 2014 and is projected to close 3,100 this year, and its revenue is expected to soar from $258 million last year to $1.7 billion this year, according to Builder. The company is the 17th largest homebuilder by closings, according to the Builder 100.
Dive Insight:
“A rocket-thrust takeoff gave TRI Pointe a storybook start,” John McManus, residential group editorial director for Builder’s publisher, Hanley Wood, said in a release. “It has been a hell of a ride.”