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TRI Pointe Takes Hold of Weyerhaeuser's Five-Jeweled Crown

TRI Pointe settles on its mammoth $2.8 billion deal to acquire Weyerhaeuser's five home building operations, a talent-rich operator group, 27,000 building lots, and five regional power brand names via a complex Reverse Morris Trust financial transaction. Here, from BUILDER's John McManus, is what the deal means to TRI Pointe, and what it means to home building's leading organizations.

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Los Angeles, CA Dashboard Reports

Los Angeles, CA - April 2014 - Figures for New Home Closings Suggest Market Climb Losing Steam

New home sales climbed in April. Average prices of new homes moved up, rising 15.8%. The percentage of new home closings belonging to attached homes dropped, falling 6.1% percentage points. The percentage of new home closings belonging to single family homes rose, climbing 6.1% percentage points.

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