FALSE000183018800018301882025-01-072025-01-070001830188us-gaap:CommonClassAMember2025-01-072025-01-070001830188us-gaap:WarrantMember2025-01-072025-01-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 7, 2025
UNITED HOMES GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-39936
85-3460766
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
917 Chapin Road
Chapin, South Carolina
29036
(Address of principal executive offices)
(Zip Code)
(844) 766-4663
Registrant’s telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Class A Common Shares, par value $0.0001 per share
UHG
The Nasdaq Stock Market LLC
Warrants, each exercisable for one Class A Common Share for $11.50 per share
UHGWW
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 7.01.    Regulation FD Disclosure.
On January 7, 2025, United Homes Group, Inc. (the “Company”) issued a press release announcing selected preliminary operational unit statistics for the quarter and year ended December 31, 2024. The press release is being furnished hereto as Exhibit 99.1. The information in this Item 7.01, including the Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
Exhibit No.Description
99.1
104
Cover page interactive data file (embedded within the Inline XBRL document)


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 7, 2025
United Homes Group, Inc.
By:/s/ Keith Feldman
Name:Keith Feldman
Title:Chief Financial Officer



Exhibit 99.1
UNITED HOMES GROUP, INC. REPORTS PRELIMINARY 2024 FOURTH QUARTER UNIT STATISTICS
COLUMBIA, SC.—(BUSINESS WIRE)—, January 7, 2025 — United Homes Group, Inc. (the “Company”) (NASDAQ: UHG) today announced preliminary operational unit statistics for the quarter and year ended December 31, 2024.
Three Months Ended December 31,Fiscal Year Ended December 31,
20242023% Change20242023% Change
Net new orders35129419.4 %1,3991,2967.9 %
Starts222302(26.5)%1,1541,248(7.5)%
Closings4143877.0 %1,4311,3833.5 %
As of December 31, 2024As of December 31, 2023
Backlog inventory1Spec inventory2Total
Backlog inventory1
Spec inventory2
Total
Not yet started20 — 20 7 — 7 
Homes under construction47 151 198 143 243 386 
Finished homes90 187 277 39 240 279 
Total157 338 495 189 483 672 
% Change Period-over-Period3
Backlog inventory1
Spec inventory2
Total
Not yet startedNMNMNM
Homes under construction(67.1)%(37.9)%(48.7)%
Finished homes130.8 %(22.1)%(0.7)%
Total(16.9)%(30.0)%(26.3)%
“United Homes Group is committed to providing our shareholders with information as soon as it is available. Therefore, we are providing our preliminary unit statistics as soon as possible after quarter's end,” shared Interim Chief Executive Officer Jamie Pirrello.
“During the fourth quarter, we saw continued growth in net new orders and closings. Our net new orders were up 19.4% year-over-year due to a concerted effort to move completed inventory,” stated Mr. Pirrello. “Our focus is on selling homes before they are completed, reducing inventory holding costs and improving inventory turns.”
Jack Micenko, President of the Company, continued, “The decrease in starts is a direct result of our major initiative to introduce redesigned house plans that are more competitive and are more aligned with current consumer needs and desires. We slowed starts in the fourth quarter while we finalized our plan refresh. We have over 20 redesigned home plans that were moved into permitting on November 1st, with construction starting in December. This is the first redesign effort in many years, and we are excited by the market’s initial reaction.”
Keith Feldman, the Company’s Chief Financial Officer, stated, “The fourth quarter also saw continued year-over-year growth in closings of 7.0%. Construction quality and fast cycle times have always been a major strength of the Company. Getting homes sold quickly so they can close upon completion is a major push for the Company in 2025.”
1 Backlog inventory consists of homes that are under a sales contract but have not closed. Backlog may be impacted by customer cancellations.
2 Spec inventory includes 17 model homes (6 homes under construction, 11 finished homes) for the year ended December 31, 2024 and 31 model homes (15 homes under construction, 16 finished homes) for the year ended December 31, 2023.
3 NM - Not Meaningful


Shelton Twine, the Company’s Chief Operating Officer, stated, “While it is a competitive market, we are seeing strong demand for homes. Our incentives and mortgage buydowns, while expensive, continues to drive sales volume. Our focus is on out-competing the competition.”
“We expect 2025 to be a transformational year for United Homes Group as we take full advantage of the strong market dynamics in South Carolina, North Carolina, and Georgia, with continued employment growth, significant in-migration, and some of the most affordable home prices in some of the most desirable markets in the country,” Mr. Pirrello concluded.
About United Homes Group, Inc.
The Company is a publicly traded residential builder headquartered in Columbia, SC. The Company focuses on southeastern markets with active communities in South Carolina, North Carolina and Georgia.
The Company employs a land-light operating strategy with a focus on the design, construction and sale of entry-level, first move-up and second move-up single-family houses. The Company principally builds detached single-family houses, and, to a lesser extent, attached single-family houses, including duplex houses and town houses. The Company seeks to operate its homebuilding business in high-growth markets, with substantial in-migrations and employment growth.
Under its land-light lot operating strategy, the Company controls its supply of finished building lots through lot option contracts with third parties, related parties, and land bank partners, which provide the Company with the right to purchase finished lots after they have been developed by the applicable third party or related party. This land-light operating strategy provides the Company with the ability to amass a pipeline of lots without the same risks associated with acquiring and developing raw land.
As the Company reviews potential geographic markets into which it could expand its homebuilding business, it intends to focus on selecting markets with positive population and employment growth trends, favorable migration patterns, attractive housing affordability, low state and local income taxes, and desirable lifestyle and weather characteristics.
Forward-Looking Statements
Certain statements contained in this earnings release, other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “seek,” “continue,” or other similar words.
Any such forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate, and beliefs of, and assumptions made by, our management and involve uncertainties that could significantly affect our financial results. Such statements include, but are not limited to, statements about our future financial performance, strategy, future operations, future operating results, plans and objectives of management. Such statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those projected or anticipated, including, without limitation:
•disruption in the terms or availability of mortgage financing or an increase in the number of foreclosures in our markets;
•volatility and uncertainty in the credit markets and broader financial markets;
•a slowdown in the homebuilding industry or changes in population growth rates in our markets;
•shortages of, or increased prices for, labor, land or raw materials used in land development and housing construction, including due to changes in trade policies;
•material weaknesses in our internal control over financial reporting that we have identified, which, if not corrected, could affect the reliability of our Consolidated Financial Statements;


•our ability to execute our business model, including the success of our operations in new markets and our ability to expand into additional new markets;
•our ability to successfully integrate homebuilding operations that we acquire;
•delays in land development or home construction resulting from natural disasters, adverse weather conditions or other events outside our control;
•changes in applicable laws or regulations;
•the outcome of any legal proceedings;
•our ability to continue to leverage our land-light operating strategy;
•the ability to maintain the listing of our securities on Nasdaq or any other exchange; and
•the possibility that we may be adversely affected by other economic, business or competitive factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and are not intended to be a guarantee of our performance in future periods. We cannot guarantee the accuracy of any such forward-looking statements contained in this release, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
For further information regarding other risks and uncertainties associated with our business, and important factors that could cause our actual results to vary materially from those expressed or implied in such forward-looking statements, please refer to the factors listed and described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the “Risk Factors” sections of the documents we file from time to time with the U.S. Securities and Exchange Commission, including, but not limited to, our Annual Report on Form 10-K and our quarterly reports on Form 10-Q, copies of which may be obtained from our website at https://ir.unitedhomesgroup.com/financials/sec-filings/default.aspx
Investor Relations Contact:
Drew Mackintosh
drew@mackintoshir.com
Mobile:  310-924-9036
Media Contact:
Erin Reeves-McGinnis
erinreevesmcginnis@unitedhomesgroup.com
Phone:  844-766-4663

v3.24.4
Cover
Jan. 07, 2025
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Jan. 07, 2025
Entity Registrant Name UNITED HOMES GROUP, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-39936
Entity Tax Identification Number 85-3460766
Entity Address, Address Line One 917 Chapin Road
Entity Address, City or Town Chapin
Entity Address, State or Province SC
Entity Address, Postal Zip Code 29036
City Area Code 844
Local Phone Number 766-4663
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Entity Ex Transition Period false
Amendment Flag false
Entity Central Index Key 0001830188
Class A Common Shares, par value $0.0001 per share  
Document Information [Line Items]  
Title of 12(b) Security Class A Common Shares, par value $0.0001 per share
Trading Symbol UHG
Security Exchange Name NASDAQ
Warrants, each exercisable for one Class A Common Share for $11.50 per share  
Document Information [Line Items]  
Title of 12(b) Security Warrants, each exercisable for one Class A Common Share for $11.50 per share
Trading Symbol UHGWW
Security Exchange Name NASDAQ
Grafico Azioni United Homes (NASDAQ:UHGWW)
Storico
Da Gen 2025 a Feb 2025 Clicca qui per i Grafici di United Homes
Grafico Azioni United Homes (NASDAQ:UHGWW)
Storico
Da Feb 2024 a Feb 2025 Clicca qui per i Grafici di United Homes