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. (NASDAQ: UHG) is a publicly traded residential builder headquartered near Columbia, South Carolina, with active communities in South Carolina, North Carolina and Georgia. As a construction-sector company focused on new single-family housing, its news flow centers on operational performance, strategic decisions and corporate governance developments.
Investors following UHG news will find regular updates on quarterly and annual results, including home closings, net new orders, average sale price (ASP), gross margin, adjusted gross margin, SG&A and adjusted EBITDA. The company also releases preliminary unit statistics that detail net new orders, starts, closings and inventory composition across backlog, speculative homes and model homes.
United Homes Group’s disclosures highlight its land-light operating strategy, lot pipeline and available liquidity, making earnings releases and related press statements important sources for understanding how the company manages its lot supply and capital structure. Commentary from management often addresses affordability conditions in the broader homebuilding industry, competitive dynamics in its southeastern markets, and the impact of product refresh initiatives and cost reduction efforts on margins.
News coverage for UHG also includes board and leadership changes, such as the appointment of a Chief Executive Officer and co-Chief Operating Officer, as well as the formation and conclusions of a special committee of independent directors that reviewed strategic alternatives. Form 8-K filings and associated press releases provide additional detail on director resignations, retention agreements for key executives and the company’s status as an emerging growth company.
For readers tracking UHG, this news stream offers a consolidated view of its homebuilding activity, financial trends, strategic reviews and governance updates, helping contextualize movements in the UHG stock and its warrants (UHGWW).
United Homes Group (NASDAQ: UHG) announced a correction regarding the timing of their first quarter 2024 earnings call, now scheduled for Friday, May 10, at 8:30 AM Eastern Time instead of 8:00 AM as previously stated. This adjustment aims to provide accurate information to investors and stakeholders.
United Homes Group, Inc. reported their first quarter 2024 results, showing 311 homes closed with revenue of $100.8 million, an ASP of $335,000 for production-built homes, 384 net new home orders, 63 active communities, and liquidity of $92.0 million. They expanded in the Myrtle Beach market and entered into an agreement for a land fund of up to $150 million. Net income for Q1 2024 was $24.9 million, adjusted book value was $87.2 million. Revenues were $100.8 million, with 311 home closings and 384 net new home orders. ASP of production-built homes increased by 6.7% compared to Q1 2023. Gross profit percentage decreased to 16.0% due to interest rate market conditions. SG&A expenses were 16.9% of revenues, with Adjusted SG&A at 14.2%. Adjusted EBITDA was $7.3 million. The acquisition of Creekside Custom Homes, for $12.7 million expanded UHG's presence in coastal South Carolina.
United Homes Group (NASDAQ: UHG) will release its first quarter 2024 results on May 10, 2024. A conference call will be held on the same day to discuss the results. Interested parties can access the call via phone or webcast.
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