The homebuilder Tri Pointe Homes (NYSE: TPH) is expanding its footprint with the opening of a new division in Utah.
The Incline Village, Nevada-headquartered company will base its Utah operations in the greater Salt Lake City region. Tri Pointe Homes cited Utah’s population and job growth as being a key factor in coming to the state.
Ken Krivanec, who has served as division president for Tri Pointe Homes’ Washington division for 12 years, will serve in a dual president role as division president for Utah.
“Utah’s consistently strong housing market is fueled by its diverse economy, which provides a runway for long-term growth,” said Krivanec. “The state is home to a large number of different industries, including tech, life-sciences, aerospace, financial services and energy/natural resources. This diversity has led to one of the strongest job growth markets in the country which coincides with an ever-increasing demand for housing.”
Photo of Ken Krivanec via Tri Pointe Homes