Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 71

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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GSH South Carolina$79,472 241 $329,083 $108,950 352 $308,125 (27.1)%(31.5)%6.8 %Rosewood8,448 14 603,429 5,701 8 712,625 48.2 %75.0 %(15.3)%Other22,874 7 410,571 3,993 9 443,667 (28.0)%(22.2)%(7.5)%Total$90,794 262 $345,920 $118,644 369 $320,199 (23.5)%(29.0)%8.0 %

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1 Average sales price of homes closed, excluding the impact of percentage of completion revenues and build-to-rent revenues.

2 Other consists of UHG’s homebuilding operations in Raleigh, NC.

Cost of sales and Gross profit: Cost of sales for the three months ended September 30, 2025 was $74.7 million, a decrease of $21.6 million, from $96.3 million for the three months ended September 30, 2024. The decrease in Cost of sales was largely attributable to a decrease in home closings of 29.0% compared to the same period in 2024. 

Gross profit for the three months ended September 30, 2025 was $16.0 million, a decrease of $6.4 million, from $22.4 million for the three months ended September 30, 2024. Gross margin for the three months ended September 30, 2025 was 17.7%, a decrease of 1.2%, as compared 18.9% for the three months ended September 30, 2024. Gross margins decreased in the third quarter of 2025, primarily due to more discounting to drive sales, partially offset by direct construction cost savings as a result of the rebid initiative.

Adjusted gross profit: Adjusted gross profit for the three months ended September 30, 2025 was $17.8 million, a decrease of $6.7 million, as compared to $24.5 million for the three months ended September 30, 2024. Adjusted gross margin for the three months ended September 30, 2025 was 19.6%, a decrease of 1.0%, as compared to