Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 161

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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. Net new orders for the three months ended September 30, 2025 were 324 units, a decrease of 17 units, from 341 units for the three months ended September 30, 2024.

Cancellation rate: The cancellation rate is the total cancellations during the period divided by the total number of new sales for homes during the period. The cancellation rate for the three months ended September 30, 2025 was 14.3%, an increase of 1.5%, from 12.8% for the three months ended September 30, 2024.

Backlog: Backlog consists of homes sold but not yet closed with customers. Backlog represents the number of homes in backlog from the previous period plus sales of homes during the current period less cancellations of existing sales contracts and home closings during the current period. A portion of the homes in backlog will not result in homes delivered due to cancellations. 

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Backlog as of September 30, 2025 was 264 units, an increase of 44 units, or 20.0%, from 220 units as of September 30, 2024. The following table provides a summary of the Company’s backlog inventory, backlog value, and average sales price of backlog inventory in each of the reportable segments (backlog value in thousands):

As of September 30, 2025As of September 30, 2024Period over period changeBacklog inventoryBacklog value1Backlog ASP2Backlog inventoryBacklog value1Backlog ASP2Backlog inventoryBacklog value1Backlog ASP2GSH South Carolina248 $84,621 $341,214 205 $70,520 $344,000 21.0 %20.0 %(0.8)%Rosewood15 9,369 624,600 11 7,311 664,636 36.4 %28.1 %(6.0)%Other31 355 355,000 4 2,080 520,000 (75.0)%(82.9)%(31.7)%Total264 $94,345 $357,367 220 $79,911 $363,232 20.0 %18.1 %(1.6)%___________________

1 Backlog value is calculated as the total contract value of homes in backlog.

2 ASP of backlog is calculated as backlog value divided by backlog inventory