Company: UHG
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001830188-25-000036
Chunk: 9

Company: United Homes Group, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 9
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Item 1A. Risk Factors

Our operations and financial results are subject to various risks and uncertainties, including the factors discussed in Part I, Item 1A, Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2024, which could adversely affect our business, financial conditions and future results. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. Other than the risk factors set forth below, there have been no material changes from the risk factors discussed in our most recent Form 10-K.

The homebuilding industry is cyclical and affected by changes in general economic, real estate or other conditions that could adversely affect UHG’s business or financial results.

The residential homebuilding industry is highly cyclical and can be significantly affected by changes in local and general economic conditions that are outside of UHG’s control, including changes in:

•the availability of construction and permanent mortgages;

•the supply of developable land in markets in which UHG operates;

•the supply of building materials and appliances;

•consumer confidence, income and spending generally and the confidence, income and spending of potential homebuyers in particular;

•levels of employment, job and personal income growth, and household debt-to-income levels;

•the availability and costs of financing for homebuyers;

•private and federal mortgage financing programs and federal, state, and local regulation of lending practices related to the purchase of homes;

•short- and long-term interest rates;

•federal and state income tax provisions, including provisions for the deduction of mortgage interest payments;

•real estate taxes;

•inflation;

•the ability of existing homeowners to sell their existing homes at prices that are acceptable to them;

•housing demand from population growth and other demographic changes (including immigration levels and trends in urban and suburban migration);

•the supply of new or existing homes and other housing alternatives to new homes, such as apartments, foreclosed homes, homes held for sale by investors, and other existing residential and rental property;

•inclement weather, natural disasters, other calamities and other environmental conditions that can impact buyer traffic, delay the delivery of UHG’s homes, and/or increase its costs;

•demographic trends; and

•U.S. and global financial system and credit markets, including stock market and credit market volatility.

Adverse changes in these general and local economic conditions or a downturn in the broader economy would have a negative impact on UHG’s business and financial results