TPH navigates housing slowdown with premium pricing strategy while maintaining strong margins; ongoing supply shortage supports long-term outlook. Tri Pointe's quarterly performance reveals the current housing market dynamics at play. The company's 5.2% increase in average selling price to $693,000 demonstrates successful execution of their premium positioning strategy despite market headwinds. This price growth reflects both the company's focus on higher-end communities and the persistent nationwide housing supply constraints. The 31.8% decline in new orders signals buyer hesitation in the current economic climate, with TPH specifically citing "trade tensions and evolving tariff dynamics" dampening consumer confidence. The elevated 10% cancellation rate (versus 7% last year) further evidences buyer uncertainty.