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4-Traders Homepage  >  Equities  >  Nyse  >  TRI Pointe Group Inc    TPH

Delayed Quote. Delayed  - 08/26 10:02:08 pm
13.74 USD   -0.43%
08/25 TRI POINTE : Success Of Maracay Homes' Oro Valley Community Offers S..
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TRI Pointe : Success Of Maracay Homes' Oro Valley Community Offers Snapshot Of Industry's Record-Breaking Growth

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08/25/2016 | 02:31pm CEST

ORO VALLEY, Ariz., Aug. 25, 2016 /PRNewswire/ -- Maracay Homes' Center Pointe Vistoso community has sold an average of one new home every 48 hours (100 homes in 200 days) since opening just under seven months ago. The success of the community, located in the Tucson, Arizona, suburb of Oro Valley, offers a vivid snapshot of the national housing industry's record-breaking growth, which saw 2016 new-home sales climb 9.3 percent in the second quarter compared to the first quarter, according to the Commerce Department.

https://photos.prnewswire.com/prnvar/20160824/401088

"Center Pointe Vistoso is the only option in this submarket with this level of product diversity and amenities, which is a big reason one in every 11 homes started in Tucson this year (excluding age-restricted housing) has been at this community," Maracay Homes Tucson Vice President James Attwood said. "As the national housing market improves, Center Pointe Vistoso is driving the market recovery on a local level."

The Maracay community accounts for 60 percent of Oro Valley's residential building permit volume this year and 8.6 percent of new-home starts in Tucson, a city of more than 1 million people.

Located on one of the final and best parcels within Oro Valley's Rancho Vistoso master-planned community, Center Pointe Vistoso is the largest new-home project to open in Tucson since 2008 and is reinvigorating an area that has long been adored for its captivating views of the Catalina and Tortolita mountain ranges. With interest in new-home purchase opportunities far out-pacing Rancho Vistoso supply, the region has been building pent-up demand for several years.

"Rancho Vistoso has been one of the most desired master-planned communities in Tucson for nearly 30 years," said Maracay Homes President Andy Warren. "As new home lots became scarce in the master plan, Maracay recognized the value of this community and invested in the details to create a unique opportunity that buyers are responding to."

The community comprises 343 premium homesites, located within six strategically planned gated neighborhoods. Home sizes range from approximately 1,400 to 4,000 square feet, offering a style for every type of buyer, including singles, families and empty nesters. Each neighborhood is connected by a dynamic, multi-purpose trail system that passes by a butterfly garden and other gathering spots before leading to the 6,000-square-foot luxury swim complex and a large, grassy park with shaded playground equipment and picnic stations.

Home styles feature a mix of executive, vacation (lock and leave) and family designs crafted to keep pace with current lifestyle trends and Arizona homebuyers' preferences. Each Center Pointe Vistoso plan includes FlexDesign® selections for optimum customization. All homes are Energy Star® certified and include Maracay Homes' LivingSmart® program for high performance and cost efficiency.

For additional information about Center Pointe Vistoso, please visit www.CenterPointeVistoso.com or www.MaracayHomes.com.

Maracay Homes
Maracay Homes is a member of TRI Pointe Group (NYSE: TPH), a family of premium regional homebuilders supported by the significant resources, economies of scale and thought leadership of a national foundation. Together this makes TRI Pointe Group one of the largest homebuilders in the U.S. For more information about Maracay Homes, please visit www.maracayhomes.com.

Photo - http://photos.prnewswire.com/prnh/20160824/401088

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/success-of-maracay-homes-oro-valley-community-offers-snapshot-of-industrys-record-breaking-growth-300317982.html

SOURCE Maracay Homes

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Financials ($)
Sales 2016 2 437 M
EBIT 2016 307 M
Net income 2016 196 M
Debt 2016 1 007 M
Yield 2016 -
P/E ratio 2016 11,04
P/E ratio 2017 9,95
EV / Sales 2016 1,32x
EV / Sales 2017 1,16x
Capitalization 2 217 M
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TRI Pointe Group Inc Technical Analysis Chart | TPH | US87265H1095 | 4-Traders
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Mean consensus BUY
Number of Analysts 9
Average target price 17,6 $
Spread / Average Target 27%
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NameTitle
Douglas F. Bauer Chief Executive Officer & Director
Thomas J. Mitchell President & Chief Operating Officer
Barry Stuart Sternlicht Chairman
Michael D. Grubbs Chief Financial Officer & Treasurer
Robert W. D’Unger Vice President-Information Technology
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