10 Best Home Builder Stocks To Buy Now

5. Tri Pointe Homes, Inc. (NYSE:TPH)

Number of Hedge Fund Holders: 35

Tri Pointe Homes, Inc. (NYSE:TPH) is one of the largest home builders in the United States. Regardless of the price point or life stage, the company creates homes and neighborhoods to offer a premium lifestyle to its customers. The homebuilder has operations in 12 states and the District of Columbia.

Tri Pointe Homes, Inc. (NYSE:TPH) is a recognized leader in innovation, energy efficiency, and environmentally friendly home designs. The home builder operates as local specialists on a national scale. It has a diversified portfolio of markets across the US which represents a broad market reach. The firm has a major supply of high-quality land assets in strong housing markets. To expand revenues, it leverages the long-standing relationships with local land owners and subcontractors in its local markets.

While the home builder focuses on expanding scale in existing markets while creating a foundation for growth in new markets, it drives a commendable performance. With a 38% year-over-year increase in home sales, the firm closed a successful second quarter. Net income and diluted earnings per share witnessed a rise of 94% and 108%, year-over-year, respectively.

Tri Pointe Homes, Inc. (NYSE:TPH) serves as a growth company with local market expertise and national reach as well as a strong balance sheet. As of Q2, the stock is held by 35 hedge funds thereby ranking as a top home builder stock to buy now. The largest shareholder in the firm is Balyasny Asset Management.