Triumph Homes (Houston, Dallas, Point: sales, home sales, bankrupt)

[RazorRamon]

Anyone have experience/insight to offer regarding this builder? Not much info comes up from google or forum searches.

[chris_ut]

Never heard of them. Could be some bankrupt builder under a new name.

[RazorRamon]

that's what i'm thinking because there is literally nothing when you do a google search except for their company website.

[AlexTx]

It could also be a company started by Executives who left or were laid off from another builder. It tells you on the website who founded the company. Try googling their names. I doubt they would advertise the founders if they had a company that went bankrupt. Just a thought.

[RazorRamon]

Originally Posted by AlexTx

It could also be a company started by Executives who left or were laid off from another builder. It tells you on the website who founded the company. Try googling their names. I doubt they would advertise the founders if they had a company that went bankrupt. Just a thought.

You sir are a scholar and a gentleman. Looks like Triump founders were once associated with Legend and Meritage in various executive capacities.

Lots of info on both those builders but any comments ITT would be welcomed.

[Yonkers]

Looks like they're listed as builders in Fall Creek. Not sure if that's up-to-date.

FallCreek

Creekwood Section - $180-250k
Lake Point Section - $210-300k

[desertsun41]

There are other places to look rather then just googling names.

I just pulled a Dunn and Bradstreet report and they have nothing.

I just pulled a Manta report on them and there is some info but I do not trust Manta's revenue numbers. It says my company earned $3 million last year. Yea right. A builder that has a staff of 19 people in this economic depression????? Earning $5 million???? Divide $5 million by the average home price and that comes out to about 21 homes. I do not know any builder who has sold 21 homes last year. Since I am on top of what builder is doing what I can tell you not even the largest builders have that many sales. A little guy like Triumph would not. They are all starving a slow death right now.

I'm not saying Triumph is bad. I know nothing about them.

[rigas]

Originally Posted by desertsun41

There are other places to look rather then just googling names.

I just pulled a Dunn and Bradstreet report and they have nothing.

I just pulled a Manta report on them and there is some info but I do not trust Manta's revenue numbers. It says my company earned $3 million last year. Yea right. A builder that has a staff of 19 people in this economic depression????? Earning $5 million???? Divide $5 million by the average home price and that comes out to about 21 homes. I do not know any builder who has sold 21 homes last year. Since I am on top of what builder is doing what I can tell you not even the largest builders have that many sales. A little guy like Triumph would not. They are all starving a slow death right now.

I'm not saying Triumph is bad. I know nothing about them.

21 home sales is wrong? to big? one of my customers ins intown homes who closed more then 100 before the summer last year. theer where also more then 8000 new homes starts in the second quarter of 2009 alone. i will agree that manta is not real accurate, they claim intown has 10-19 employees which is less then half, they claim 5-10 mil which is also a crazy low number.

[chris_ut]

If you look through his posts, desertsun is on a mission to over-exaggerate how bad the housing market is.

[RCH99]

Originally Posted by chris_ut

Never heard of them. Could be some bankrupt builder under a new name.

Not quite. Triumph Homes is a several year old start up with operations in Houston and a small presence in Dallas. It is lead by two long time veterans of the homebuilding industry. The President of Triumph Homes ran Legacy Homes in Houston for many years, which later become part of the Meritage Corporation. He ran the Meritage Houston division successfully for many years. He left that position to join forces with a partner and start a new privately owned venture, Triumph Homes.

If you simply go to their website, they have pretty comprehensive bio's available. At that point, it would be fairly easy to research any history that may be relevant.

There are many clowns that have made an appearance in the homebuilding business during the last decade. These guys were here long before that, and are amongst the most highly regarded.

The irony of the above captioned quote should be evident to the poster, as well.