Record new contracts of 2,387 units signal demand resilience, but a 6% revenue slide and gross margin compression to 22% from 25% expose the pricing pressure hammering homebuilders in a tougher market.
M/I Homes :
MHO
MHO
Stock Data
$148.54
$2.66 (1.76%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
RESIDENTIAL CONSTRUCTION
M/I Homes, Inc. is a prominent homebuilder based in Columbus, Ohio, specializing in constructing single-family homes and attached townhomes. Catering to a diverse clientele including first-time buyers, millennials, and luxury seekers, the company operates across several states including Ohio, Texas, and Florida. Beyond building homes, M/I Homes develops land for construction and sale, offers mortgage origination, and provides title insurance and closing services, making it a comprehensive choice for homebuyers seeking quality and convenience.
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