Orlando Area Mayor Joel Underwood and Coastal Carolina Area Area Manager Ali Hebner will leverage regional insights to drive growth in markets with rapid population growth and housing demand.
Tri Point Homes Announces Strategic Expansion with Opening of Orlando and Coastal Carolina Divisions
INCLINE VILLAGE, Nev., April 9, 2024 (Globe Newswire) — Tri Pointe Homes® (NYSE: TPH), one of the nation’s largest homebuilders, announced today that it is expanding its national reach with the opening of a new division. We announced that we will be expanding our base. in Orlando, Florida and the Carolina coast. Building on the company’s presence in the Raleigh and Charlotte markets, the Coastal Carolina operations are located near Charleston, South Carolina, and the Florida office is based in Orlando, Florida, with Tri Point Homes’ It will increase its national presence within the two regions. The fastest growing region in the country.
TriPoint Homes’ expansion into Orlando and the Coastal Carolinas reflects the company’s strategic plan to organically grow its business in the top 25 U.S. homebuilding markets, with South Carolina and Florida the fastest growing states. in 2023, with population growth of 1.7% and 1.6%, respectively, as the Southeast emerges as an economic powerhouse. This growth is a key factor driving demand for housing in these regions. Additionally, these states boast diverse economies that foster robust job markets. These states’ prosperous conditions and diverse industries, from technology and life sciences to aerospace and financial services to tourism, are driving TriPoint Homes to introduce a premium lifestyle brand and meet the growing demand for premium entry. We provide fertile soil to meet the needs of the world. Level homes and refinance homes in a market ripe with opportunity.
The announcement of the new Orlando and Coastal Carolina divisions is the latest milestone in TriPoint Homes’ continued geographic expansion and largely follows the company’s entry into the Utah market in late 2023. Austin, Sacramento, Charlotte, Raleigh, and most recently Salt Lake City, highlighting the company’s thoughtful and sustainable growth strategy.
“After studying the coastal Carolinas and Florida housing markets, we identified an attractive development opportunity,” said Doug Bauer, CEO of TriPoint Homes. “We analyze the dynamics of each potential market and tailor our approach to local needs. Strategic expansion is not just about building homes, it’s about fostering communities where people can thrive. Population growth, increasing household composition and diversifying economic conditions in these regions highlight clear demand for our unique brand of premium lifestyle-oriented homes. We embark on this expansion. We are excited and confident in our ability to enrich these vibrant communities.”
A key element of Tri Pointe Homes’ success as it adapts to various markets across the country is its guiding principle: “Doing the best in the big and the small.” This approach ensures that each division of the company benefits from the leadership of market experts who are familiar with local market trends. Backed by the strong resources and financial strength of the nation’s leading public housing builder, these leaders are empowered to make important decisions that best serve their communities. As Tri Pointe Homes expands into Florida and the Coastal Carolinas, this philosophy will continue to be a pillar of these divisions.
Joel Underwood joins TriPoint Homes as head of the Orlando division, bringing a distinguished career in the financial and operational aspects of home construction to TriPoint Homes. With a background in large home construction operations roles, Mr. Underwood has a track record of leading successful divisions, driving growth and innovating processes to improve performance. His tenure was marked by skillful management of complex projects, from the development of a 5,200-unit master-planned community to significant improvements in operational efficiency and financial performance. Mr. Underwood’s business acumen and ability to transform complex data into actionable business strategies make him in demand in the Orlando market, with a forward-thinking style well-suited to the region’s significant population and employment growth. is ready to take advantage of.
Ali Hebner, appointed division president of Coastal Carolinas, brings extensive experience in the home construction industry and a proven track record of success to Tri Point Homes. With a dynamic career distinguished by strategic homebuilding leadership roles, Hebner has demonstrated excellence in market expansion, organic growth, team building, and operational excellence. Her deep understanding of the Carolina coastal market uniquely positions her to lead her Tri Pointe Homes’ premium lifestyle brand in this region. Hebner’s expertise in building relationships with her key business partners further solidifies her as the ideal person to navigate the promising landscape of this market.
“Joel and Ali are exactly the leaders we need to launch and grow our new division in Orlando and the Coastal Carolinas,” said Tom Mitchell, chief operating officer and president of TriPoint Homes. Ta. “Joel and Ali are both visionaries who embody our company’s core values of humility, empowerment, integrity, results, and teamwork. Their experience and ability to build important relationships will , has become essential as we work together in these fast-growing markets. Our efforts not only meet growing housing demand, but also enrich these communities and make TriPoint Homes to ensure that it remains a hallmark of quality and innovation in Florida and the Coastal Carolinas for years to come.”
About Tripoint Homes®
One of the largest homebuilders in the United States, Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company recognized as a leader in customer experience, innovative design, and environmentally responsible business practices. The company builds luxury homes and communities in 10 states and has deep ties to the communities it serves, some dating back a century. Tri Pointe Homes combines the financial resources, technology platform, and proven leadership of a national organization with the local insights, long-standing community connections, and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards and was named 2024 Builder of the Year. luck Named to World’s Most Admired Companies™ list and 1 of 2023 luck Named one of the 100 Best Companies to Work For® and one of the 2023 PEOPLE Companies That Care®. The company was also named a Great Place To Work-Certified™ company three years in a row (2021-2023) and named to several Great Place To Work® Best Workplaces lists in 2022 and 2023 . For more information, please visit: Visit TriPointeHomes.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4439a6a8-a282-4ade-b48d-ebd6d183a590.
CONTACT: CONTACT: Christine Rombouts crombouts@newgroundco.com / 949.887.7723
