TPH

Community Clubhouse Opening: The Altis at Serenity community in Fuquay-Varina, developed by Tri Pointe Homes, has broken ground on an 8,000 square foot clubhouse set to open in fall 2026, designed to be the social hub for its 55+ residents.

Amenities and Lifestyle: The clubhouse will feature a game room, fitness center, multipurpose room, and outdoor spaces, including a swimming pool and bocce ball court, promoting an active and engaged lifestyle for residents.

Community Features: Altis at Serenity will include 425 active adult homes with various floor plans, situated within a larger 550-acre community that offers access to shopping, dining, and healthcare facilities.

Company Background: Tri Pointe Homes is a leading homebuilder recognized for its customer experience and innovative design, with multiple awards and accolades, including being named one of the Fortune 100 Best Companies to Work For.

Current State of the Housing Market: The U.S. housebuilding sector is struggling due to high mortgage rates, decreased consumer confidence, and rising raw material costs, leading to a decline in home prices and increased incentives from builders to stimulate sales.

Builder Performance and Challenges: Major builders like D.R. Horton and Lennar are facing declining revenues and share prices, with many cutting prices and offering incentives to attract buyers amid a challenging market environment.

Impact of Existing Home Sales: The market is seeing a shift as existing homeowners, encouraged by lower mortgage rates, are more likely to sell, which could increase competition for new home builders and potentially pressure their pricing and market share.

Future Outlook: While new home sales are expected to perform well in 2025, the influx of existing homes for sale, driven by both individual sellers and institutional investors, poses a significant challenge for builders in maintaining their market position.