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TRI Pointe Homes sees FY13 home sales revenue $205M-$210M.

The company expects to open seven new selling communities for the balance of 2013, five in Southern California, one in Northern California and one in Colorado. In the second quarter, the company expects to deliver approximately 55 to 60% of its 143 units in backlog as of March 31, 2013. Based on the recent strength of the company’s new home order absorption rates, the growth in the backlog through April, combined with the increased confidence surrounding new community openings for the balance of the year, the company is providing an initial outlook range for 2013. Assuming some modest year-over year increases in average sales prices per community, the company is expecting to deliver between 350 and 360 units in 2013 which will generate home sales revenue in the range of $205M to $210M.