Welcome to our dedicated page for UNITED HOMES GROUP news (Ticker: UHG), a resource for investors and traders seeking the latest updates and insights on UNITED HOMES GROUP stock.
United Homes Group Inc (UHG) provides investors and housing market observers with comprehensive news coverage of this innovative homebuilder. Track official press releases and market updates about UHG's affordable housing developments, strategic partnerships, and operational expansions across the Southeast United States.
This resource centralizes critical updates including quarterly earnings reports, leadership announcements, and progress on the company's land-light construction model. Discover how UHG balances scalable growth with sustainable practices in South Carolina, North Carolina, Georgia, and other key markets.
Bookmark this page to monitor UHG's evolving position in the entry-level housing sector. Stay informed about new community developments, financial milestones, and industry recognition for this Oregon-founded homebuilder.
United Homes Group (NASDAQ: UHG) has announced its upcoming first quarter 2025 earnings release schedule and conference call details.
Key Information:
- Earnings Release Date: Wednesday, May 14, 2025 (before market opens)
- Conference Call Time: 8:30 AM Eastern Time
- Purpose: Discussion of Q1 2025 results and Q&A session
Participation Options:
- Webcast: Available through investor relations section at www.unitedhomesgroup.com
- North America Toll-Free: +1 800-715-9871
- International: +1 646-307-1963
- Conference ID: 4731284
For those unable to attend, replay access is available:
- North America Replay: +1 800-770-2030
- International Replay: +1 609-800-9909
- Playback Passcode: 4731284
United Homes Group (NASDAQ: UHG) reported declining metrics for Q1 2025, with net new orders down 22.9% to 296 units, home starts decreased 10.1% to 248 units, and closings fell 19.0% to 252 units compared to Q1 2024. The company attributes the reduction in orders to unusual snow conditions in South Carolina markets and a slow start to the spring selling season.
Total inventory decreased 22.1% year-over-year to 563 units, with backlog down 23.3% to 201 units. However, the company reports positive trends in their product refresh initiative, with refreshed products showing approximately 500 basis points higher gross margins compared to overall backlog margins. The company is actively managing finished spec inventory and implementing strategic initiatives to align community-level inventory with demand.
United Homes Group (NASDAQ: UHG) reported Q4 2024 and full-year financial results, showing mixed performance. Q4 highlights include:
- Home closings up 7% to 414 units
- Revenue increased 15% to $134.8 million
- Net new orders rose 19% to 351
- Average sale price reached $324,000
Full-year 2024 performance showed revenue growth of 10% to $463.7 million, with 1,431 home closings (up 3%). The company completed a refinancing of Convertible Notes in December, expected to reduce annual interest expenses by $4 million. Q4 net income was $0.7 million ($0.01 per share), impacted by a $45.6 million loss on debt extinguishment. Gross profit margin declined to 16.2% in Q4 2024 from 18.5% in Q4 2023, primarily due to higher incentives and purchase accounting adjustments.
United Homes Group (NASDAQ: UHG) has announced it will release its fourth quarter 2024 financial results before market opening on Wednesday, March 12, 2025. The company will host a conference call and Q&A session at 10:00 AM Eastern Time on the same day.
Investors can participate through a toll-free number for North America (+1 800-715-9871), an international line (+1 646-307-1963), or via webcast through the company's website. The conference ID is 4878051. A recording replay will be available through North American (+1 800-770-2030) and international (+1 609-800-9909) numbers using playback passcode 4878051.
United Homes Group (NASDAQ: UHG) has released preliminary operational statistics for Q4 and full-year 2024. The company reported a 19.4% increase in Q4 net new orders (351 vs 294) and a 7.0% rise in closings (414 vs 387) compared to Q4 2023. However, starts decreased by 26.5% (222 vs 302) due to a major house plan redesign initiative.
For the full year 2024, net new orders increased by 7.9% (1,399 vs 1,296), while closings grew by 3.5% (1,431 vs 1,383). Starts declined by 7.5% (1,154 vs 1,248). Total inventory decreased by 26.3% year-over-year, with spec inventory down 30.0% and backlog inventory down 16.9%.
The company is focusing on selling homes before completion to reduce holding costs and improve inventory turns. Over 20 redesigned home plans entered permitting in November 2024, with construction beginning in December.
United Homes Group (NASDAQ: UHG) has announced the pricing of a secondary public offering of 7,420,057 shares of Class A common stock at $5.00 per share. The offering includes shares purchased by the Executive Chairman, Interim CEO, Kennedy Lewis affiliates, and institutional investors. The company will redeem convertible notes in exchange for $70 million plus interest and 10,168,850 shares of Class A common stock. The transaction involves a new $70 million subordinated loan from Kennedy Lewis and other lenders. The offering is expected to close on December 11, 2024. This refinancing aims to simplify the capital structure, increase public float, reduce dilutive impact, and lower annual interest expenses through a transition to floating rate benchmark.
United Homes Group (NASDAQ: UHG) reported Q3 2024 results with revenue of $118.6 million, up 35% year-over-year. The company closed 369 homes, a 30% increase from Q3 2023, with an average sale price of $320,000 for production-built homes. Net new orders increased 25% to 341 compared to 272 in Q3 2023.
The company reported a net loss of $7.3 million, or $0.15 per diluted share, including a $7.8 million change in fair value of derivative liabilities. Gross profit margin decreased to 18.9% from 19.8% in Q3 2023, primarily due to continued homebuyer incentives. The company maintained strong liquidity of $89.0 million, including $25.8 million in cash.
United Homes Group (NASDAQ: UHG) has announced the release date for its third quarter 2024 financial results. The company will disclose the results before the market opens on Friday, November 8, 2024. Following the release, UHG will host a conference call and Q&A session at 8:30 AM Eastern Time on the same day.
Interested parties can participate in the call via phone or webcast. The dial-in numbers are: Toll Free (North America): (+1) 800 715-9871 and International: (+1) 646-307-1963. The Conference ID is 3685495. A webcast link will be available in the investor relations section of the company's website at www.unitedhomesgroup.com.
For those unable to attend live, a recording will be available. Replay numbers are: Toll Free (North America): (+1) 800-770-2030 and International: (+1) 609-800-9909. The Playback Passcode is 3685495.
United Homes Group (NASDAQ: UHG) reported Q2 2024 results with $109.4 million in revenue from closing 337 homes, averaging $341,000 per home. Net income was $28.6 million ($0.50 per diluted share), influenced by a $32.1 million change in fair value of derivative liabilities. The company had 323 net new home orders, slightly down from 341 in Q2 2023. Gross profit margin decreased to 17.9% from 19.6% due to various costs including acquisitions and workforce reduction.
SG&A expenses were 17.9% of revenues, impacted by stock-based compensation and severance costs. Adjusted EBITDA was $7.7 million, down from $13.1 million in Q2 2023. The company ended Q2 2024 with $80.4 million in liquidity, including $24.9 million in cash.
For the first six months of 2024, revenue was $210.3 million, with net income of $53.6 million ($0.93 per diluted share). Home closings and net new orders declined slightly year-over-year. A conference call for investors will be held on August 8, 2024.
United Homes Group (NASDAQ: UHG) has announced the release date for its second quarter 2024 financial results. The company will disclose the results before the market opens on Thursday, August 8, 2024. Following the release, UHG will host a conference call and Q&A session at 8:30 AM Eastern Time on the same day.
Interested parties can participate in the call via phone or webcast. The dial-in numbers are: Toll Free (North America): (+1) 800 715-9871 and International: (+1) 646-307-1963. The Conference ID is 3266426. A webcast link will be available in the investor relations section of the company's website at www.unitedhomesgroup.com. For those unable to attend, a recording replay will be accessible using the provided playback numbers and passcode.