United Homes Group Q2 preliminary: net new orders -5.9% YoY, closings -10.1%; sees H2 community count recovery

United Homes Group, Inc.

Net new orders of 304 (-5.9% YoY); closings 303 (-10.1% YoY); starts 357 (+2.9% YoY).
Total backlog 657 (-17.6% YoY); finished homes backlog fell 33.8% to 100 units.
Active community count down 10% YoY; management expects double-digit increase in H2 2025.
Refreshed product gross margins ~300 bps higher than legacy; expects YoY gross margin improvement in 2025.

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