United Homes Q3 net new orders fall 5% YoY; closings down 29%

United Homes Group, Inc.

Net new orders 324 (-5% YoY); starts 526 (+66%) reflecting delayed community openings earlier in year.
Closings 262 (-29% YoY) for Q3; nine-month closings 817 (-19.7%).
Backlog increased 20% to 264 homes; spec home inventory slightly down to 413.
Community count reached 56 as of Sep 30; expects continued growth through end of 2025.
CEO cites elevated new home inventory and competitive pressures weighing on gross margin improvement.

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