Company: UHG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001830188-25-000012
Chunk: 17

Company: United Homes Group, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 17
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%48 %1 %Midlands736575733755689827(3)%(17)%(11)%Upstate348272407364398333(4)%(32)%22 %Rosewood325539241733 %NMNMRaleigh314634315— NMNMNMTotal1,3991,1621,4311,2961,2481,3838 %(7)%3 %

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NM - Not Meaningful

The following table presents information concerning UHG’s net new orders, cancellation rate and ending backlog for the years ended December 31, 2024 and 2023.

Year Ended December 31,20242023Net New Orders1,3991,296Cancellation Rate11.4 %13.6 %

As of December 31,20242023Backlog inventory157189Backlog inventory - Value (in thousands)$58,300$57,600

Materials, Procurement and Construction

9

UHG uses various materials and components and is dependent upon building material suppliers for a continuous flow of raw materials. It typically takes UHG between 90 and 120 days to construct a single-family home and typically longer for certain second move-up and higher-end homes. Some factors that could create fluctuations in UHG’s raw material pricing are seasonal variations in the building cycle, labor and material supply chain disruptions, international trade disputes and resulting tariffs and increased demand for materials as a result of the improvements in the housing market. 

UHG’s objective in procurement is to maximize efficiencies on local and regional levels and to ensure consistent utilization of established contractual arrangements. UHG employs a comprehensive procurement program that leverages its size and geographic footprint to achieve attractive cost savings and, whenever possible, standardize products to be used with multiple subcontractors and suppliers. This standardization process supports UHG’s efforts to maintain service levels and delivery commitments and to protect its pricing. UHG also leverages its volume to negotiate better pricing from manufacturers. UHG has numerous national distribution arrangements in place for framing supplies, plumbing fixtures, appliances, heating, ventilation and air conditioning systems, roofing and other supplies.

UHG has extensive experience managing all phases of the construction process. Although UHG does not employ its own skilled tradespeople, such as plumbers, electricians and carpenters, UHG does employ project managers, area construction managers, and EVPs of construction to manage the construction process. UHG’s enterprise resource planning system and integrated construction scheduling software, along with a third party scheduling