Risk Factors Update Summary
- Fluctuations in homebuilding business affect financial services operations, including Tri Pointe Connect, originating mortgage loans.
- Changes in economic conditions may increase default rate on mortgages, affecting ability to sell to investors.
- Increased interest rates may hinder home sales and mortgage loan sales, impacting financial performance.
- Raw material shortages and price fluctuations may cause delays in construction projects.
- Real estate inventory impairment charges decreased from $19.6 million in 2022 to $11.5 million in 2023.
- Drought conditions in California and Arizona may negatively impact the economy and increase wildfire risk.
- Water restrictions and regulations due to drought conditions may impact operations and cash flow.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1561680&owner=exclude
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