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TRI Pointe increases common stock buyback program to $150M

TRI Pointe Group Inc. boosted its common stock buyback program by $50 million to $150 million.

The repurchase program will run through March 31, 2020.

The homebuilder said it had repurchased 5,079,422 common shares for $72.8 million under its existing buyback program, as of Dec. 16, and now has roughly $77.2 million remaining available to purchase.