Company: UHG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001830188-25-000065
Chunk: 137

Company: United Homes Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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 profit, EBITDA and adjusted EBITDA and a reconciliation to the most directly comparable financial measures calculated and presented in accordance with GAAP, see “Non-GAAP Financial Measures.”

Revenues: Revenues for the three months ended June 30, 2025 were $105.5 million, a decrease of $3.9 million, or 3.6%, from $109.4 million for the three months ended June 30, 2024. The decrease in revenues was primarily attributable 

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to a decrease in home closings of 10.1%, partially offset by an increase in average sales price (“ASP”) of production-built homes of 2.5%.  Additionally, for the three months ended June 30, 2024 closings included thirty-six build to rent units with significantly lower ASPs, compared to no build to rent closings for the three months ended June 30, 2025. When factoring in these build to rent unit closings, total ASP increased 7.2% compared to the prior year period. The decline in the number of homes closed as compared to the three months ended June 30, 2024 was primarily due to a decrease of 13.4% in the GSH South Carolina segment, partially offset by increases of 100.0% and 12.5% in the Rosewood reporting segment and Other segment related to the Raleigh market, respectively.

The following table provides a summary of the Company’s revenues, home closings, and ASP in each of the reportable segments (revenues in thousands):

Three Months Ended June 30,20252024Period over period changeRevenuesClosingsASP1RevenuesClosingsASP1RevenuesClosingsASP1GSH South Carolina$90,924 278 $328,144 $98,207 321 $321,060 (7.4)%(13.4)%2.2 %Rosewood10,797 16 674,813 6,085 8 798,571 77.4 %100.0 %(15.5)%Other23,785 9 420,556 5,128 8 641,000 (26.2)%12.5 %(34.4)%Total$105,506 303 $349,265 $109,420 337 $340,803 (3.6)%(10.1)%2.5