In just 12 months, the builder has amassed 1,339 home sites in the Charlotte and Raleigh markets.
TRI Pointe Homes Carolinas, launched in late 2018 in Charlotte and Raleigh, now controls 1,339 home sites just 12 months later.
The home builder’s 1,339 lots under contract represent 17 future communities, with the first four neighborhoods being well-located infill developments with attached townhomes. Located in the South Charlotte metro sub-market of Fort Mill, S.C., TRI Pointe Carolinas’ first townhome community Ashburn will consist of 58 home sites and will be ready for a Spring 2020 grand opening.
TRI Pointe also has two upcoming South Charlotte townhome communities within a few miles of SouthPark named Kenley and Everton. A 23-lot subdivision named Waterside is in the works in Raleigh’s prestigious ‘Inside the Beltline’ sub-market.
In addition, TRI Pointe Homes Carolinas, in conjunction with MPV Properties, recently broke ground in Farmington, a new master-planned community in Harrisburg, N.C., that will include three distinct single-family and townhome neighborhoods totaling 227 home sites.
With the Charlotte and Raleigh metros seeing continued strong market fundamentals including robust population and employment growth, limited new and resale home supply, and great relative affordability, TRI Pointe Homes Carolinas has set an ambitious goal of 700 closings by 2023. It also plans to significantly increase the number of home plans offered.
Leveraging the large-scale resources of its parent company TRI Pointe Group, the home builder has conducted extensive market research over the past year resulting in 24 newly designed home plan offerings, from townhomes to traditional single-family and ranch homes, that will be ready to go to market as early as next year.
“Charlotte and Raleigh have so much to offer homeowners, from their diversified employment sectors and more attainable home prices to an outstanding quality of life that attracts a broad range of home buyers,” said Gray Shell, president of TRI Pointe Homes Carolinas. “We’ve been excited to bring our premium home building formula to a region with such great appeal.”
To support TRI Pointe Homes Carolinas’ growth, the home builder has made 10 key hires across its two new offices in the first year, four in land acquisition and six in operations. The team brings not only strategic, operational and financial experience to the company, but also 80+ combined years of local knowledge and dependable market relationships.
“I’m so proud of the foundation our team has established in its first year,” Shell said. “We are off to a fast start but will remain true to the initial strategy that TRI Pointe Homes brought to the market last year: start with people, invest in talent, design creative new product and provide a premium home buying experience for our customers. That’s a major strategic differentiator for us and a big reason why the company’s path looks so promising.”