UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________________ Commission File Number 1-12434 M/I HOMES, INC. (Exact name of registrant as specified in it charter) (State or other jurisdiction of in ...

M/I Homes, Inc. (MHO) Q2 2021 Results Earnings Conference Call July 28, 2021 4:00 PM ET Company Participants Phillip Creek - Executive Vice President and Chief Financial Officer Robert Schottenstein - CEO and President Derek Klutch - President, Mortgage Company Ann Marie Hunker - VP Chief Accounting Officer Kevin Hake - Senior VP Conference Call Participants Ivy Zelman - Zelman & Associates Alex Barron - Housing Research Center Jay McCanless - Wedbush Operator Hello and welcome to M/I Homes, Inc. Second Qua ...

M/I Homes, Inc. April 2021 Forward Looking Statements Certain statements in this Presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "envisions," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any ...

Financial Data and Key Metrics Changes - The company reported a record first quarter with revenues increasing by 43% to $829 million compared to the previous year [11][26] - Pre-tax income reached an all-time quarterly record of $110 million, up 167% year-over-year, resulting in a pre-tax income percentage of 13.3% compared to 7.2% last year [11][27] - Return on equity improved to 25% from 15% a year ago [29] Business Line Data and Key Metrics Changes - The company sold a record 3,109 homes during the quarter, a 49% increase from the previous year [9][23] - Homes delivered increased by 35%, totaling 2,019 homes, which represented 46% of the backlog [11][25] - Smart Series sales comprised nearly 35% of total sales, up from 30% a year ago [9][98] Market Data and Key Metrics Changes - New contracts in the Southern region increased by 46%, while the Northern region saw a 53% increase [15] - The backlog sales value reached a record $2.4 billion, an 82% increase from last year [12] - The average price in backlog increased by nearly 10% to $433,000 compared to the previous year [12] Company Strategy and Development Direction - The company aims to continue gaining market share and improving profitability across all 15 markets [8][21] - There is a focus on expanding the Smart Series product line, which has shown better sales pace and higher gross margins [10][19] - The company plans to open more communities this year than last year, despite challenges in community count growth [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for new housing driven by low mortgage rates and a growing number of millennials entering the housing market [7][8] - The company anticipates a strong second quarter in closings, despite some delays due to weather-related issues [45] - Management expects to maintain strong margins unless there are significant changes in market conditions [51][73] Other Important Information - The company has a strong financial position with $1.4 billion in equity and a cash balance of $293 million [20] - The owned and controlled lot position approximates 42,000 single-family lots, providing a nearly five-year supply [17][38] - The average mortgage amount increased to $328,000, with a solid borrower profile [33] Q&A Session Summary Question: Can you discuss the increase in order growth from February to March? - Management noted that the order growth was consistent, with some closings delayed due to weather issues in Texas [44] Question: What is the expected pace of closings for the rest of the year? - Management indicated that the current pace of closings is strong, driven by the Smart Series homes, and they expect to maintain this pace [48][49] Question: What drove the gross margin increase this quarter? - Management attributed the gross margin increase primarily to strong demand rather than mix or older land purchases [50][51] Question: How do you view community growth by year-end 2021? - Management expressed that achieving community count growth this year will be challenging, but they expect to continue growing overall [55] Question: Can you comment on interest expense and capital allocation? - Management feels confident about their capital structure and is focused on land purchases to support growth, with discussions ongoing about potential stock buybacks or dividends [96] Question: What percentage of orders or closings were from the Smart Series? - Management confirmed that 35% of total sales were from the Smart Series, up from 30% a year ago [98]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________________ Commission File Number 1-12434 M/I HOMES, INC. (Exact name of registrant as specified in it charter) (State or other jurisdiction of i ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 1-12434 M/I HOMES, INC. (Exact name of registrant as specified in it charter) Ohio 31-1210837 (State or other jurisdiction of incorpo ...

M/I Homes, Inc. (MHO) Q4 2020 Earnings Conference Call February 2, 2021 4:00 PM ET Corporate Participants Robert Schottenstein - President and Chief Executive Officer Phil Creek - Executive Vice President and Chief Financial Officer Derek Klutch - President of Mortgage Company Conference Call Participants Alan Ratner - Zelman and Associates Art Winston - Pilot Advisors Alex Barron - Housing Research Center Jay McCanless - Wedbush Securities Operator Good Day and welcome to the M/I Homes Fourth Quarter Earni ...

PART 1. FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20M%2FI%20Homes%2C%20Inc.%20and%20Subsidiaries%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Presents M/I Homes, Inc.'s unaudited condensed consolidated financial statements for Q3 and nine months ended September 30, 2020 [Unaudited Condensed Consolidated Balance Sheets](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$2.42 billion** by September 30, 2020, with shareholders' equity rising to **$1.17 billion** Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2020 (unaudited) | Dec 31, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Cash, cash equivalents and restricted cash | $202,512 | $6,083 | | Inventory | $1,843,409 | $1,769,507 | | **Total Assets** | **$2,420,555** | **$2,105,594** | | **Liabilities & Equity** | | | | Total Liabilities | $1,245,815 | $1,102,117 | | Total Shareholders' Equity | $1,174,740 | $1,003,477 | | **Total Liabilities and Shareholders' Equity** | **$2,420,555** | **$2,105,594** | [Unaudited Condensed Consolidated Statements of Income](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Income) Net income nearly doubled to **$73.5 million** in Q3 2020, reaching **$159.8 million** for the nine-month period Statements of Income Summary (in thousands, except per share data) | Metric | Q3 2020 | Q3 2019 | 9 Months 2020 | 9 Months 2019 | | :--- | :--- | :--- | :--- | :--- | | Revenue | $847,921 | $653,345 | $2,139,718 | $1,758,140 | | Income before income taxes | $95,109 | $50,064 | $208,192 | $114,746 | | Net income | $73,537 | $37,838 | $159,791 | $85,807 | | Diluted EPS | $2.51 | $1.32 | $5.50 | $3.04 | [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities improved to **$197.2 million**, increasing cash to **$202.5 million** by Q3 2020 Cash Flow Summary (Nine Months Ended Sep 30, in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $197,226 | $977 | | Net cash used in investing activities | ($31,327) | ($25,710) | | Net cash provided by financing activities | $30,530 | $36,655 | | **Net increase in cash** | **$196,429** | **$11,922** | | **Cash at end of period** | **$202,512** | **$33,451** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) These notes detail accounting policies, inventory, debt, fair value, segment reporting, revenue, and contingencies - Inventory increased to **$1.84 billion**, with homes under construction rising to **$863.6 million** from $757.0 million at year-end 2019[29](index=29&type=chunk) - In January 2020, the company issued **$400 million** of 4.95% Senior Notes due 2028 and used a portion of the proceeds to redeem all **$300 million** of its 6.75% Senior Notes due 2021[94](index=94&type=chunk)[95](index=95&type=chunk) - Warranty reserves stood at **$27.0 million** as of September 30, 2020, including **$3.7 million** for potential stucco-related repairs in Florida[77](index=77&type=chunk)[79](index=79&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=29&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses record Q3 and nine-month financial performance, attributing strong growth to market conditions [Results of Operations](index=34&type=section&id=Results%20of%20Operations) Q3 2020 saw record new contracts and homes delivered, with revenue up 30% and net income surging 94% - The company achieved all-time quarterly records for income before income taxes (**$95.1 million**), new contracts (**2,949**), homes delivered (**2,137**), and backlog sales value (**$1.8 billion**) in Q3 2020[150](index=150&type=chunk)[152](index=152&type=chunk) Key Operating Metrics (Q3 2020 vs Q3 2019) | Metric | Q3 2020 | Q3 2019 | % Change | | :--- | :--- | :--- | :--- | | New Contracts | 2,949 | 1,721 | +71% | | Homes Delivered | 2,137 | 1,651 | +29% | | Backlog (units) | 4,503 | 2,915 | +54% | | Backlog Value | $1.82B | $1.14B | +60% | - The total cancellation rate improved to **9.5%** in Q3 2020 from 12.6% in Q3 2019, indicating stronger contract conversions[179](index=179&type=chunk) [Liquidity and Capital Resources](index=47&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity strengthened with **$202.5 million** cash at Q3 2020 and a **36%** debt-to-capital ratio - Cash, cash equivalents, and restricted cash increased to **$202.5 million** at September 30, 2020, a **$196.4 million** increase from the beginning of the period[210](index=210&type=chunk) - As of September 30, 2020, the company had full availability of its **$500 million** credit facility, with no borrowings outstanding and **$66.6 million** in letters of credit, leaving **$433.4 million** available[213](index=213&type=chunk)[222](index=222&type=chunk) - The ratio of homebuilding debt to capital improved to **36%** at September 30, 2020, compared to 38% at December 31, 2019[220](index=220&type=chunk) [Off-Balance Sheet Arrangements](index=52&type=section&id=Off-Balance%20Sheet%20Arrangements) Off-balance sheet arrangements for land acquisition include **$801.4 million** in land options - The company has options and contingent purchase agreements to acquire land and lots with an aggregate purchase price of approximately **$801.4 million**[83](index=83&type=chunk) - As of September 30, 2020, the company had outstanding **$267.7 million** of completion bonds and standby letters of credit for development work, land purchase deposits, and other obligations[250](index=250&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=49&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Primary market risk is interest rate fluctuations affecting credit facilities and mortgage loan origination - The company is exposed to interest rate risk through its variable-rate credit facilities, which permitted borrowings up to **$725 million** as of September 30, 2020[253](index=253&type=chunk) Notional Amounts of Financial Instruments (in thousands) | Description | Sep 30, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | Uncommitted IRLCs | $213,146 | $87,340 | | FMBSs related to uncommitted IRLCs | $186,000 | $88,000 | | Mortgage loans held for sale covered by FMBSs | $120,257 | $144,411 | [Item 4. Controls and Procedures](index=51&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of September 30, 2020, with no material changes - The principal executive officer and principal financial officer concluded that the Company's disclosure controls and procedures were effective as of the end of the period covered by this report[261](index=261&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[262](index=262&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=51&type=section&id=Item%201.%20Legal%20Proceedings) The company faces legal proceedings, mainly stucco claims in Florida - The company faces claims and legal proceedings from homeowners regarding stucco installation in certain Florida communities[263](index=263&type=chunk) [Item 1A. Risk Factors](index=51&type=page&id=Item%201A.%20Risk%20Factors) The COVID-19 pandemic poses a material and adverse disruption risk to business and financial performance - The company's business could be materially and adversely disrupted by the COVID-19 pandemic and the governmental measures implemented to address it[266](index=266&type=chunk) - While sales and closings rebounded since May 2020, the company warns that the magnitude and duration of business and economic impacts from the pandemic remain uncertain and could negatively impact future results[270](index=270&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=53&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered equity sales or common share repurchases occurred in Q3 2020 - No purchases of the Company's common shares were made during the three months ended September 30, 2020[276](index=276&type=chunk) [Item 6. Exhibits](index=54&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including a Master Repurchase Agreement amendment

M/I Homes, Inc. (MHO) Q3 2020 Results Earnings Conference Call October 28, 2020 4:00 PM ET Company Participants Robert Schottenstein - President and Chief Executive Officer Phillip Creek - Executive Vice President and Chief Financial Officer Thomas Mason - Executive Vice President and Chief Legal Officer Derek Klutch - President of Mortgage Company Ann Marie Hunker - Vice President, Corporate Controller Kevin Hake - Senior Vice President Conference Call Participants Jay McCanless - Wedbush Securities Alan R ...

PART I. FINANCIAL INFORMATION This section presents the company's unaudited condensed consolidated financial statements and management's discussion and analysis of financial condition and results of operations [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20M%2FI%20Homes%2C%20Inc.%20and%20Subsidiaries%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for M/I Homes, Inc. for the period ended June 30, 2020, including Balance Sheets, Statements of Income, Statement of Shareholders' Equity, and Statements of Cash Flows, along with detailed notes [Unaudited Condensed Consolidated Balance Sheets](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2020, total assets increased to **$2.33 billion** from **$2.11 billion** at December 31, 2019, driven by higher cash and inventory, while total liabilities rose to **$1.23 billion** from **$1.10 billion**, primarily due to new senior notes, and total shareholders' equity grew to **$1.09 billion** from **$1.00 billion** Condensed Consolidated Balance Sheet Data (in thousands) | Account | June 30, 2020 (unaudited) | December 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | **$2,327,708** | **$2,105,594** | | Cash, cash equivalents and restricted cash | $94,023 | $6,083 | | Inventory | $1,830,810 | $1,769,507 | | **Total Liabilities** | **$1,233,303** | **$1,102,117** | | Senior notes due 2028 - net | $394,174 | — | | Senior notes due 2021 - net | — | $298,988 | | **Total Shareholders' Equity** | **$1,094,405** | **$1,003,477** | [Unaudited Condensed Consolidated Statements of Income](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Income) For the second quarter of 2020, M/I Homes reported a significant increase in performance, with revenue growing **14.5%** year-over-year to **$714.2 million** and net income surging **80.2%** to **$54.5 million**, with similar strong growth observed for the six-month period Consolidated Income Statement Highlights (in thousands, except per share data) | Metric | Q2 2020 | Q2 2019 | % Change | H1 2020 | H1 2019 | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $714,194 | $623,686 | 14.5% | $1,291,797 | $1,104,795 | 17.0% | | **Income before income taxes** | $71,727 | $41,203 | 74.1% | $113,083 | $64,682 | 74.8% | | **Net income** | $54,508 | $30,246 | 80.2% | $86,254 | $47,969 | 79.8% | | **Diluted EPS** | $1.89 | $1.08 | 75.0% | $2.98 | $1.71 | 74.3% | [Unaudited Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2020, net cash provided by operating activities was **$82.8 million**, a significant improvement from **$10.6 million** in the same period of 2019, with financing activities providing **$25.8 million** primarily from new senior notes, leading to an **$87.9 million** increase in the company's cash position Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2020 | 2019 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | **$82,826** | **$10,617** | | Net cash used in investing activities | ($20,702) | ($16,730) | | Net cash provided by financing activities | $25,816 | $4,977 | | **Net increase (decrease) in cash** | **$87,940** | **($1,136)** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the basis of financial statement preparation, significant accounting policies, and provide breakdowns of key financial items, including inventory composition, debt structure changes, fair value measurements, warranty reserve activity, segment performance, and revenue recognition policies - The company adopted new accounting standards ASU 2016-13 (Credit Losses) and ASU 2018-13 (Fair Value Measurement) on January 1, 2020, which did not have a material impact on its financial statements[19](index=19&type=chunk)[20](index=20&type=chunk) Inventory Breakdown (in thousands) | Category | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Single-family lots, land and land development costs | $843,649 | $858,065 | | Homes under construction | $834,661 | $756,998 | | Model homes and furnishings - at cost | $94,532 | $98,777 | | **Total inventory** | **$1,830,810** | **$1,769,507** | - In January 2020, the company issued **$400.0 million** of 4.95% Senior Notes due 2028 and used the proceeds to redeem all **$300 million** of its 6.75% Senior Notes due 2021[92](index=92&type=chunk)[93](index=93&type=chunk) Disaggregated Revenue (in thousands) | Revenue Source | H1 2020 | H1 2019 | | :--- | :--- | :--- | | Housing | $1,254,149 | $1,064,178 | | Land sales | $5,133 | $14,531 | | Financial services | $32,515 | $26,086 | | **Total revenue** | **$1,291,797** | **$1,104,795** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=33&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's record-setting financial performance for the second quarter and first half of 2020, highlighting significant growth in new contracts, homes delivered, revenue, and net income despite the COVID-19 pandemic, with a strong rebound in May and June after an April slowdown [Results of Operations](index=34&type=section&id=Results%20of%20Operations) The company achieved record results in Q2 and H1 2020, with new contracts rising **31%** in Q2 and homes delivered increasing by **19%**, driving a **15%** revenue increase to **$714.2 million** and a **74%** surge in pre-tax income to **$71.7 million** for the quarter, attributed to strong demand, low interest rates, and a rebound in sales activity Key Performance Highlights - Q2 & H1 2020 vs 2019 | Metric | Q2 2020 vs Q2 2019 | H1 2020 vs H1 2019 | | :--- | :--- | :--- | | New Contracts | +31% | +29% | | Homes Delivered | +19% | +22% | | Revenue | +15% | +17% | | Income Before Income Taxes | +74% | +75% | | Net Income | +80% | +80% | - Despite the COVID-19 pandemic causing a substantial decline in new contracts in late March and April, sales activity rebounded significantly in May and June, leading to record quarterly results[147](index=147&type=chunk) - Housing gross margin percentage improved to **19.8%** in Q2 2020 from **17.6%** in Q2 2019, primarily due to the mix of homes delivered[154](index=154&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) As of June 30, 2020, the company had a strong liquidity position with **$94.0 million** in cash and **$430.5 million** available under its **$500 million** homebuilding credit facility, having enhanced its capital structure by issuing **$400 million** in 4.95% Senior Notes due 2028 and redeeming its **$300 million** 6.75% Senior Notes due 2021 - At June 30, 2020, the company had **$94.0 million** in cash and **$430.5 million** available under its Credit Facility, with no borrowings outstanding on the facility[206](index=206&type=chunk)[208](index=208&type=chunk) - The company's homebuilding debt to capital ratio was **37%** at June 30, 2020, compared to **38%** at December 31, 2019[216](index=216&type=chunk) Available Sources of Cash (as of June 30, 2020, in thousands) | Facility | Outstanding Balance | Available Amount | | :--- | :--- | :--- | | Notes payable – homebuilding | $0 | $430,537 | | Notes payable – financial services | $134,184 | $25,582 | [Off-Balance Sheet Arrangements](index=50&type=section&id=OFF-BALANCE%20SHEET%20ARRANGEMENTS) The company utilizes off-balance sheet arrangements, primarily land option agreements, to secure lots while minimizing risk, with options on land totaling approximately **$715.7 million** in aggregate purchase price and a maximum exposure of **$58.1 million** in deposits and prepaid costs as of June 30, 2020 - At June 30, 2020, the company had options and contingent purchase agreements to acquire land and lots with an aggregate purchase price of approximately **$715.7 million**[80](index=80&type=chunk)[211](index=211&type=chunk) - The company's maximum exposure related to land option agreements is estimated at **$58.1 million**, comprising cash deposits, prepaid costs, and letters of credit[243](index=243&type=chunk) - As of June 30, 2020, the company had **$256.0 million** of outstanding completion bonds and standby letters of credit, primarily for land development work[244](index=244&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=52&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is from interest rate fluctuations, affecting its variable-rate credit facilities and mortgage origination services, which M/I Financial hedges using derivative instruments like Interest Rate Lock Commitments (IRLCs) and Forward Sales of Mortgage-Backed Securities (FMBSs) - The company's primary market risk stems from interest rate fluctuations impacting its revolving credit facilities and mortgage origination operations[247](index=247&type=chunk) - To mitigate interest rate risk in its mortgage business, the company uses derivative instruments, including Interest Rate Lock Commitments (IRLCs) and Forward Sales of Mortgage-Backed Securities (FMBSs)[248](index=248&type=chunk)[250](index=250&type=chunk) Notional Amounts of Key Financial Instruments (in thousands) | Description | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Uncommitted IRLCs | $216,377 | $87,340 | | FMBSs related to uncommitted IRLCs | $186,000 | $88,000 | | Mortgage loans held for sale covered by FMBSs | $157,345 | $144,411 | [Item 4. Controls and Procedures](index=54&type=section&id=Item%204.%20Controls%20and%20Procedures) Based on an evaluation involving the CEO and CFO, management concluded that the company's disclosure controls and procedures were effective as of June 30, 2020, with no material changes to internal control over financial reporting during the second quarter of 2020 - The company's principal executive officer and principal financial officer concluded that disclosure controls and procedures were effective as of the end of the period covered by the report[255](index=255&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended June 30, 2020, that have materially affected, or are reasonably likely to materially affect, internal controls[256](index=256&type=chunk) PART II. OTHER INFORMATION This section covers legal proceedings, risk factors, equity security sales, defaults, mine safety, and other disclosures [Item 1. Legal Proceedings](index=54&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in legal proceedings related to stucco installation claims from homeowners in its Tampa and Orlando, Florida markets, in addition to other legal proceedings incidental to its business, though management believes the ultimate resolution will not have a material effect on the company's financial condition - The company is facing claims and legal proceedings from homeowners in Tampa and Orlando, Florida, related to stucco installation on their homes[257](index=257&type=chunk) - Management does not currently believe that the resolution of these and other incidental legal proceedings will have a material effect on the company's financial position or results of operations[258](index=258&type=chunk) [Item 1A. Risk Factors](index=54&type=section&id=Item%201A.%20Risk%20Factors) The primary update to risk factors is the significant and adverse disruption caused by the COVID-19 pandemic, which has impacted operations, leading to sales declines and construction delays, and could continue to negatively affect consumer confidence, demand, supply chains, and overall financial performance - The company's business has been and may continue to be materially and adversely disrupted by the COVID-19 pandemic and the governmental measures implemented to address it[260](index=260&type=chunk) - The pandemic caused a significant decline in sales pace and an increase in cancellation rates in late March and April, though conditions improved in May and June[264](index=264&type=chunk) - Longer-term risks from COVID-19 include decreased consumer confidence, prolonged economic downturn, increased unemployment, and potential charges for inventory impairments or land option abandonments[265](index=265&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=56&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period and no repurchases of its common shares were made during the three months ended June 30, 2020, with **$17.2 million** remaining available for future repurchases under the 2018 Share Repurchase Program - There were no purchases of the company's common shares during the three months ended June 30, 2020[271](index=271&type=chunk) - As of June 30, 2020, **$17.2 million** remains available for repurchases under the 2018 Share Repurchase Program[127](index=127&type=chunk) [Item 3. Defaults Upon Senior Securities](index=57&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities during the reporting period - None[275](index=275&type=chunk) [Item 4. Mine Safety Disclosures](index=57&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The company reported no mine safety disclosures - None[276](index=276&type=chunk) [Item 5. Other Information](index=57&type=section&id=Item%205.%20Other%20Information) The company reported no other information required to be disclosed under this item - None[277](index=277&type=chunk) [Item 6. Exhibits](index=58&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including amendments to credit and mortgage warehousing agreements, and certifications by the CEO and CFO as required by the Sarbanes-Oxley Act - Exhibits filed include the Third Amendment to the Credit Agreement and the Fourth Amendment to the Mortgage Warehousing Agreement[280](index=280&type=chunk) - Certifications by the CEO and CFO pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act were filed with the report[280](index=280&type=chunk) [Signatures](index=59&type=section&id=Signatures) This section provides the official signatures and date of filing for the report - The report was duly signed on July 31, 2020, by Robert H. Schottenstein, Chairman, CEO, and President, and Ann Marie W. Hunker, Vice President, Corporate Controller[282](index=282&type=chunk)