TRI Pointe Homes (NYSE: TPH) reported Q2 EPS of $0.34, $0.09 better than the analyst estimate of $0.25. Revenue for the quarter came in at $429.24 million versus the consensus estimate of $491.19 million.

• New home orders increased to 1,238 compared to 763, an increase of 62%
• Active selling communities averaged 119.5 compared to 97.5
  • New home orders per average selling community were 10.4 orders (3.5 monthly) compared to 7.8 orders (2.6 monthly), an increase of 33%
  • Cancellation rate was consistent at 16%
• Backlog units of 1,998 homes with a dollar value increase of 79%, to $1.2 billion
  • Average sales price in backlog increased 7% to $601,000
• Home sales revenue of $427.2 million, an increase of 38%
  • New homes deliveries of 798, up 27%
  • Average sales price of homes delivered grew 9% to $535,000
• Homebuilding gross margin percentage of 20.0%
  • Excluding interest, impairments and lot option abandonments, adjusted homebuilding gross margin percentage was 22.0%*
• Land and lot sales gross margin percentage of 82.9%

For earnings history and earnings-related data on TRI Pointe Homes (TPH) click here.