Company: UHG
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001830188-25-000079
Chunk: 55

Company: United Homes Group, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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, 2024, the Company capitalized $0.1 million and $0.1 million, respectively. The remaining balance outstanding as of September 30, 2025 and December 31, 2024 was zero and a payable of $0.1 million, respectively, and is presented within Due to related party, net on the Condensed Consolidated Balance Sheets.The Company utilizes a related party vendor to perform certain site contracting services. For the three and nine months ended September 30, 2025, the Company capitalized $0.1 million and $0.1 million, respectively, to Inventories on the Condensed Consolidated Balance Sheets. The remaining balance outstanding as of September 30, 2025 and December 31, 2024 was a payable of $0.1 million and zero, respectively, and is presented within Due to related party on the Condensed Consolidated Balance Sheets.The Company utilized a related party vendor for certain aviation services. For the three and nine months ended September 30, 2025 and 2024, expenses recognized in the Condensed Consolidated Statements of Operations were de minimis.During the three and nine months ended September 30, 2024, the Company recognized Revenue of $0.6 million within the Condensed Consolidated Statement of Operations related to speculative homes purchased by related parties.During the three and nine months ended September 30, 2024, the Company paid certain land closing costs on behalf of a related party to transfer the land to one of the Company’s land banking partners. As of September 30, 2024 the Company capitalized $0.2 million of closing costs within Inventories on the Condensed Consolidated Balance Sheets related to this transaction.During the three and nine months ended September 30, 2024, the Company utilized a related party vendor to perform certain consulting services. For the three and nine months ended September 30, 2024, expenses of less than $0.1 million and $0.1 million, respectively, were recognized in the Condensed Consolidated Statement of Operations.

Note 8 - Warranty reservesThe Company establishes warranty reserves to provide for estimated future costs as a result of construction and product defects. Estimates are determined based on management’s judgment considering factors such as historical spend and projected cost of corrective action. The following table provides a summary of the activity related to warranty reserves, which are included in Other accrued expenses and liabilities on the accompanying Condensed Consolidated Balance Sheets as follows (in thousands):Three