Question · Q3 2025
Chris Hahn asked about Tri Pointe Homes' perspective on the administration's affordable housing push and the factors contributing to the sequential step down in the Q4 gross margin guide.
Answer
Doug Bauer, CEO, expressed support for the administration's goal of increasing housing supply, noting the industry has been underbuilt for years, and affirmed Tri Pointe's commitment to contributing through its land pipeline and community growth. Glenn Keeler, CFO, clarified that the Q4 gross margin step-down is primarily due to a slight mix shift and increased incentives, particularly for spec homes, rather than 'sticks and bricks' costs.