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Tri Pointe Homes Breaks Ground on New Community in Heber City, a Milestone for New-to-Utah Builder

1. Tri Pointe Homes broke ground on The Crossings in Heber City, Utah. 2. The community will feature 139 single-family homes and amenities. 3. Sales for the first homes projected to start in summer 2025. 4. Expansion in Utah showcases TPH's strategy for high-growth markets. 5. TPH continues to emphasize customer experience and home design uniqueness.

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FAQ

Why Bullish?

New projects can enhance revenue and market presence. Previous expansions positively impacted TPH's growth.

How important is it?

This article highlights strategic expansion efforts likely to influence investor perception significantly.

Why Long Term?

Community development will take time to generate sales. Long-term presence strengthens brand value.

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TPH
HEBER CITY, Utah--(BUSINESS WIRE)--Tri Pointe Homes (NYSE: TPH), one of the nation’s largest homebuilders, broke ground on what will be one of many new communities it is building in Utah, The Crossings at Lake Creek located in Heber City. The Crossings is a planned community and includes an estimated 139 single-family homes by Tri Pointe Homes. The community’s first homes are anticipated to open for sales in summer 2025. The groundbreaking ceremony on Wednesday, Feb. 5 included remarks from Tri Pointe Homes leadership, including Ken Krivanec, Division President for Tri Pointe Homes Washington and Utah, Bryon Prince, VP of Land Acquisition and Development for Tri Pointe Homes Utah, and Matt Cragun, VP of Operations for Tri Pointe Homes Utah. “This groundbreaking marks an exciting milestone in our journey to building new homes and introducing our premium lifestyle brand to Utah homebuyers,” said Krivanec. “With a focus on delivering an exceptional customer experience and elevated home design, we are proud to bring our unique approach to this new market. Our new office in the Sugar House area will also be home to our design studio and underscores our commitment to the Beehive State.” The Crossings’ Heber City location offers convenient commute times to local employment centers in Salt Lake City, Park City, Provo, and more. Tri Pointe’s home designs at The Crossings boast up to eight bedrooms, outdoor living areas, and up to 5,000 square feet when including finished basements. The community is located at 2732 E Hayloft, Heber City, Utah and the larger planned community is anticipated to feature a future clubhouse, pickleball courts, neighborhood pool, parks, a fishing pond, and 67 acres of open space and trails. The first of several model homes will be available for viewing at The Crossings in mid- 2025. Tri Pointe Homes anticipates the opening of The Crossings' interest list in the coming month. Tri Pointe Homes first announced its expansion to Utah in September 2023. Beyond the Heber City location, Tri Pointe Homes will soon be opening new communities in West Jordan and Holladay. The homebuilder also recently announced expansions in Florida, and the Coastal Carolinas as part of the company’s broader strategy to increase its presence in high-growth regions across the U.S. Its approach, the “Best of Big and Small,” allows Tri Pointe’s regional divisions to benefit from local expertise, while backed by the resources of a national homebuilder. For more information on upcoming Tri Pointe Homes neighborhoods in Utah and to join the interest list for communities like The Crossings at Lake Creek, please visit https://www.tripointehomes.com/salt-lake-city-utah. About Tri Pointe Homes® One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company operating in 12 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards, was named to the 2024 Fortune World’s Most Admired Companies™ list, is one of the 2023 Fortune 100 Best Companies to Work For® and was designated as one of the 2023 PEOPLE Companies That Care®. The company was also named as a Great Place To Work-Certified™ company for four years in a row (2021 through 2024), and was named on several Great Place To Work® Best Workplaces lists in 2022 and 2023. For more information, please visit TriPointeHomes.com.

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