Tri Pointe Homes reported a second-quarter loss of $157.7 million for the period ended June 30, 2026, driven by $196.8 million in charges related to its Sumitomo Forestry transaction and $19.7 million in inventory impairments. Home sales revenue declined 22.1% year-over-year to $685.1 million as deliveries fell 23.6% to 1,013 homes. The company reported a homebuilding gross margin of 18.0%, down from 20.8% in the prior year period. Net new orders increased slightly by 1.4% to 1,147 units, while the backlog decreased to 1,494 homes valued at $1.1 billion. The company ended the quarter with $1.3 billion in total liquidity and a debt-to-capital ratio of 25.9%. Tri Pointe Homes is a residential homebuilder operating across 13 states.