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Stock impact report

United Homes Group, Inc. Reports Fourth Quarter and Full Year 2023 Results

United Homes Group, Inc - Class A (UHG) 
Company Research Source: Business Wire
Fourth Quarter 2023 Highlights387 homes closed, resulting in revenue, net of sales discounts, of $116.8 millionAverage sale price ("ASP") of production-built homes was approximately $320,000 compared to $300,000 in Q4 2022294 net new home orders in Q4 2023 compared to 271 net new home orders in Q4 2022 and 260 net new home orders in January and February 2024.Active community count of 61 as of December 31, 2023Approximately 9,000 lots owned or controlled by the Company or affiliates as of December 31, 2023Expanded presence in the Greenville and Clemson, South Carolina markets through acquisition of Rosewood CommunitiesIn January 2024, acquired the homebuilding business and assets of Creekside Custom Homes, LLC, expanding presence in the Myrtle Beach, South Carolina market which added approximately 1,000 lots under controlAvailable liquidity of $81.1 million as of December 31, 2023, comprised of $56.7 million of cash and $24.4 million of undrawn revolver capacity under our credit facili Show less Read more
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