First Quarter 2025 Highlights Home closings of 252, a decrease of 19% year over year compared to 311 home closings in Q1 2024, resulting in revenue, net of sales discounts, of $87.0 million, a decrease of 14% Net new orders of 296, a decrease of 23% year over year compared to 384 net new orders in Q1 2024 Net new orders and gross margin improved sequentially throughout the first quarter Average sale price ("ASP") of production-built homes increased to approximately $345,000 compared to $335,000 in Q1 2024 Lot pipeline as of March 31, 2025 consists of approximately 7,500 lots owned or controlled by the Company or related parties Available liquidity of $86.9 million as of March 31
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the first quarter of 2025 before the market opens on Wednesday, May 14, 2025. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800 715-9871 International: (+1) 646-307-1963 Conference ID: 4731284 Recording Replay Numbers: Toll Free - North America: (+1) 800-770-2030 Int
Fourth Quarter 2024 Highlights Home closings of 414, an increase of 7% year over year compared to 387 home closings in Q4 2023, resulting in revenue, net of sales discounts, of $134.8 million, an increase of 15% Net new orders of 351, an increase of 19% year over year compared to 294 net new orders in Q4 2023 Average sale price ("ASP") of production-built homes increased to approximately $324,000 compared to $320,000 in Q4 2023 Completed a refinance of the Company's Convertible Notes in December which is expected to reduce interest expense by approximately $4 million annually, based on current rates, and reduce potential future shareholder dilution Lot pipeline as of December 31,
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the fourth quarter of 2024 before the market opens on Wednesday, March 12, 2025. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 10:00 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800-715-9871 International: (+1) 646-307-1963 Conference ID: 4878051 Recording Replay Numbers: Toll Free - North America: (+1) 800-770-20
Third Quarter 2024 Highlights 369 homes closed, resulting in revenue, net of sales discounts, of $118.6 million Average sale price ("ASP") of production-built homes was approximately $320,000 compared to $316,000 in Q3 2023 341 net new home orders in Q3 2024 compared to 272 net new home orders in Q3 2023 Active community count of 55 as of September 30, 2024 Approximately 8,600 lots currently owned or controlled by the Company or related parties Available liquidity of $89.0 million as of September 30, 2024, comprised of $25.8 million of cash and $63.2 million of unused committed capacity under our credit facility United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today annou
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the third quarter of 2024 before the market opens on Friday, November 8, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section on the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800 715-9871 International: (+1) 646-307-1963 Conference ID: 3685495 Recording Replay Numbers: Toll Free - North America: (+1) 800-770-2030 In
Second Quarter 2024 Highlights 337 homes closed, resulting in revenue, net of sales discounts, of $109.4 million Average sale price ("ASP") of production-built homes was approximately $341,000 compared to $313,000 in Q2 2023 323 net new home orders in Q2 2024 compared to 341 net new home orders in Q2 2023 Active community count of 59 as of June 30, 2024 Approximately 9,300 lots owned or controlled by the Company or affiliates as of June 30, 2024 Available liquidity of $80.4 million as of June 30, 2024, comprised of $24.9 million of cash and $55.5 million of undrawn revolver capacity under our credit facility United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today an
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the second quarter of 2024 before the market opens on Thursday, August 8, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section on the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800 715-9871 International: (+1) 646-307-1963 Conference ID: 3266426 Recording Replay Numbers: Toll Free - North America: (+1) 800-770-2030
First Quarter 2024 Highlights 311 homes closed, resulting in revenue, net of sales discounts, of $100.8 million Average sale price ("ASP") of production-built homes was approximately $335,000 compared to $314,000 in Q1 2023 384 net new home orders in Q1 2024 compared to 389 net new home orders in Q1 2023 Active community count of 63 as of March 31, 2024 Approximately 10,900 lots owned or controlled by the Company or affiliates as of March 31, 2024 Available liquidity of $92.0 million as of March 31, 2024, comprised of $28.7 million of cash and $63.3 million of undrawn revolver capacity under our credit facility Expanded presence in the Myrtle Beach market through acquis
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the first quarter of 2024 before the market opens on Friday, May 10, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section on the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800 579 2543 International: (+1) 785 424 1789 Conference ID: UHG1Q24 Recording Replay Numbers: Toll Free - North America: (+1) 877 710 5302 Inte
United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today announced the appointment of John G. (Jack) Micenko, Jr., as Chief Executive Officer of the Company and Jeremy Pyle as co-Chief Operating Officer of the Company, and simultaneously therewith announced that its Board of Directors has appointed a special committee comprised solely of independent directors and initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. The review will include a range of potential strategic alternatives, including a sale of the Company, a sale of assets, and a refinancing of existing indebtedness, among others. Mr. Micenko succeeds James M. (Jamie) Pirrello, who
United Homes Group, Inc. ("UHG" or the "Company") (NASDAQ:UHG) announced today that David Hamamoto has resigned from the Board of Directors. Mr. Hamamoto was the founder and principal sponsor of DiamondHead Holdings Corp., which subsequently merged with Great Southern Homes to create UHG, now a publicly-traded homebuilder. The Company is also announcing that Mr. Hamamoto's seat will be filled by Jamie Pirrello, a 30-year veteran of the homebuilding industry whose resume includes leadership roles at publicly traded homebuilders including Century Communities, Inc. (NYSE:CCS), NVR (NYSE:NVR) and UCP, Inc. (NYSE:UCP). Mr. Hamamoto commented, "It's been an honor to partner with Michael Nieri a
United Homes Group, Inc. ("UHG") (NASDAQ:UHG), a leading homebuilder in the Southeast, today announced that it has appointed Jack Micenko as President of UHG. Michael Nieri, who has been serving as President, will continue in his role as Chief Executive Officer and Chairman of UHG. "Jack is the right person at the right time to join us in leading the next phase of our growth strategy," said Michael Nieri. "His extensive background in residential housing finance, capital markets and mergers / acquisitions will complement my operational experience to give us the powerful and well-rounded senior management team needed to drive us forward as a public company. Jack was instrumental in ushering
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United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today announced the appointment of John G. (Jack) Micenko, Jr., as Chief Executive Officer of the Company and Jeremy Pyle as co-Chief Operating Officer of the Company, and simultaneously therewith announced that its Board of Directors has appointed a special committee comprised solely of independent directors and initiated a review of strategic alternatives in order to explore ways to maximize shareholder value. The review will include a range of potential strategic alternatives, including a sale of the Company, a sale of assets, and a refinancing of existing indebtedness, among others. Mr. Micenko succeeds James M. (Jamie) Pirrello, who
First Quarter 2025 Highlights Home closings of 252, a decrease of 19% year over year compared to 311 home closings in Q1 2024, resulting in revenue, net of sales discounts, of $87.0 million, a decrease of 14% Net new orders of 296, a decrease of 23% year over year compared to 384 net new orders in Q1 2024 Net new orders and gross margin improved sequentially throughout the first quarter Average sale price ("ASP") of production-built homes increased to approximately $345,000 compared to $335,000 in Q1 2024 Lot pipeline as of March 31, 2025 consists of approximately 7,500 lots owned or controlled by the Company or related parties Available liquidity of $86.9 million as of March 31
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the first quarter of 2025 before the market opens on Wednesday, May 14, 2025. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800 715-9871 International: (+1) 646-307-1963 Conference ID: 4731284 Recording Replay Numbers: Toll Free - North America: (+1) 800-770-2030 Int
United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today announced preliminary operational unit statistics for the quarter ended March 31, 2025. The following table provides a summary of the Company's net new orders, home starts, and home closings: Three Months Ended March 31, 2025 2024 % Change Net new orders 296 384 (22.9 )% Starts 248 276 (10.1 )% Closings 252 311 (19.0 )% The following table provides a summary of the Company's backlog, speculative home, and model home inventory: As of March 31, 2025 As of March 31, 2024
Fourth Quarter 2024 Highlights Home closings of 414, an increase of 7% year over year compared to 387 home closings in Q4 2023, resulting in revenue, net of sales discounts, of $134.8 million, an increase of 15% Net new orders of 351, an increase of 19% year over year compared to 294 net new orders in Q4 2023 Average sale price ("ASP") of production-built homes increased to approximately $324,000 compared to $320,000 in Q4 2023 Completed a refinance of the Company's Convertible Notes in December which is expected to reduce interest expense by approximately $4 million annually, based on current rates, and reduce potential future shareholder dilution Lot pipeline as of December 31,
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the fourth quarter of 2024 before the market opens on Wednesday, March 12, 2025. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 10:00 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800-715-9871 International: (+1) 646-307-1963 Conference ID: 4878051 Recording Replay Numbers: Toll Free - North America: (+1) 800-770-20
United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today announced preliminary operational unit statistics for the quarter and year ended December 31, 2024. Three Months Ended December 31, Fiscal Year Ended December 31, 2024 2023 % Change 2024 2023 % Change Net new orders 351 294 19.4 % 1,399 1,296 7.9 % Starts 222 302 (26.5 )% 1,154 1,248 (7.5 )% Closings 414 387 7.0
United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today announced the pricing of a secondary underwritten public offering (the "Offering") of 7,420,057 shares of the Company's Class A common stock (the "Offered Shares") at a public offering price of $5.00 per share. Of the Offered Shares, 1,448,200 are being purchased by the Company's Executive Chairman, the Company's Interim CEO, affiliates of Kennedy Lewis Agency Partners, LLC ("Kennedy Lewis") and certain other persons identified by management, and the remainder are being purchased by institutional investors. The Offering consists entirely of shares to be issued by the Company to holders (the "Selling Stockholders") of the Company'
Third Quarter 2024 Highlights 369 homes closed, resulting in revenue, net of sales discounts, of $118.6 million Average sale price ("ASP") of production-built homes was approximately $320,000 compared to $316,000 in Q3 2023 341 net new home orders in Q3 2024 compared to 272 net new home orders in Q3 2023 Active community count of 55 as of September 30, 2024 Approximately 8,600 lots currently owned or controlled by the Company or related parties Available liquidity of $89.0 million as of September 30, 2024, comprised of $25.8 million of cash and $63.2 million of unused committed capacity under our credit facility United Homes Group, Inc. (the "Company") (NASDAQ:UHG) today annou
United Homes Group (NASDAQ:UHG) announced today that the company will release its results for the third quarter of 2024 before the market opens on Friday, November 8, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section on the company's website: www.unitedhomesgroup.com. Dial-in Numbers: Toll Free - North America (+1) 800 715-9871 International: (+1) 646-307-1963 Conference ID: 3685495 Recording Replay Numbers: Toll Free - North America: (+1) 800-770-2030 In
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