United Homes Q1 net new orders fall 22.9% YoY to 296; closings down 19%

United Homes Group, Inc.

2025-Q1 EPS reported $0.31 revenue$87,001,000

Net new orders 296, down 22.9% YoY; closings 252, down 19.0% YoY.
Starts 248, down 10.1% YoY; total backlog units fell 22.1% to 563.
Finished spec homes dropped 41% to 154; intentional inventory management cited.
Management attributes weak sales to January snow in SC and slow spring start.
Product refresh backlog gross margins ~500 bps higher; 23 refreshed plans closed in Q1.

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