Company Announcement - M/I Homes, Inc. will host a webcast to announce its first quarter earnings on April 23, 2025, at 10:30 AM Eastern Time [1] - The earnings report is expected to be released before the market opens on the same day [1] Company Overview - M/I Homes, Inc. is recognized as one of the leading homebuilders in the United States, specializing in single-family homes [2] - The company operates in multiple regions including Columbus and Cincinnati in Ohio, Indianapolis in Indiana, Chicago in Illinois, Minneapolis/St. Paul in Minnesota, Detroit in Michigan, various locations in Florida, Texas, North Carolina, and Nashville in Tennessee [2]

Core Points - Lennar Corporation will release its earnings for the first quarter ended February 28, 2025, after the market closes on March 20, 2025 [1] - A conference call is scheduled for March 21, 2025, at 11:00 a.m. Eastern Time to discuss the earnings [1] - The conference call will be available for live streaming on Lennar's website and will be archived for 90 days for those unable to attend live [2] Company Overview - Lennar Corporation, founded in 1954, is a leading builder of quality homes across various generations, focusing on affordable, move-up, and active adult homes [3] - The company also has a Financial Services segment that provides mortgage financing, title, and closing services primarily for its homebuyers, and originates mortgage loans secured by commercial real estate through LMF Commercial [3] - Lennar's Multifamily segment develops high-quality multifamily rental properties nationwide, while LENX focuses on technology, innovation, and strategic investments [3]

Company Overview - Toll Brothers, Inc. is the nation's leading builder of luxury homes, founded in 1967 and publicly traded since 1986 [5] - The company operates in over 60 markets across 24 states and the District of Columbia, offering a variety of housing options for different buyer segments [5] - Toll Brothers has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple awards for excellence in the industry [6] New Community Launch - The company has announced the opening of Nolyn Pointe, a new community in Atlanta, Georgia, featuring luxury single-family homes [1] - Nolyn Pointe is located in the Chosewood Park neighborhood, providing direct access to the BeltLine Southside Trail [1][3] - The Sales Center for Nolyn Pointe is now open for tours of available quick move-in homes [1] Home Features - The Bungalows Collection at Nolyn Pointe includes luxury homes with open floor plans, modern details, and high-end finishes [2] - Homes feature three-story designs with 4 bedrooms, 3.5 baths, and over 2,700 square feet of living space, priced from the upper $500,000s [2] Community Benefits - Residents of Nolyn Pointe will enjoy access to nearby parks and recreational areas, as well as proximity to shopping, dining, and cultural attractions in Atlanta [3] - The community offers a blend of urban living and suburban tranquility, appealing to homebuyers seeking a vibrant lifestyle [3]

Core Insights - Toll Brothers, Inc. announces the final opportunity to build a new home in the Pomona - Aspen Collection community in Manvel, Texas, with only three homes remaining, including one that is move-in ready [1][5] Group 1: Property Details - The Aspen Collection features contemporary single-family homes ranging from 3,330 to 4,375 square feet, situated on 70-foot-wide home sites with pool-size backyards, priced from $654,995 [2] - Home designs include one- and two-story plans with up to 5 bedrooms, 4.5 bathrooms, and 3-car garages [2] Group 2: Community Amenities - Residents have access to a 6,000-square-foot clubhouse, two resort-style pools, a playground, a fitness center, and an "exploration zone" playground [3] - The community also includes outdoor living spaces with fireplaces and an onsite elementary school, making it family-friendly [3] Group 3: Location Advantages - Pomona is conveniently located near the Texas Medical Center and provides easy access to major highways, enhancing its appeal for commuters [4] - The area offers prestigious shopping, dining, and entertainment options, contributing to a luxurious lifestyle [4] Group 4: Company Overview - Toll Brothers, Inc. is a Fortune 500 Company and the leading builder of luxury homes in the U.S., founded in 1967 and publicly traded since 1986 [7][8] - The company operates in over 60 markets across 24 states and offers a range of services including architectural, engineering, and mortgage operations [8] Group 5: Recognition and Awards - Toll Brothers has been recognized as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple awards for excellence in the industry [9]

Landsea Homes Corporation (NASDAQ:LSEA) Q4 2024 Earnings Call February 27, 2025 10:00 AM ET Company Participants Drew Mackintosh - Investor Relations John Ho - Chief Executive Officer Mike Forsum - President and Chief Operating Officer Chris Porter - Chief Financial Officer Conference Call Participants Elizabeth Langan - Barclays Carl Reichardt - BTIG Jay McCanless - Wedbush Alex Barron - Housing Research Center Operator To all locations on hold, we are still checking in participants for today's conference. ...

Financial Data and Key Metrics Changes - The company reported record fourth quarter and full year 2024 results, with home closing revenue increasing by 24% year-over-year to $557 million [7][22] - Net income attributable to Green Brick grew 42% year-over-year to $104 million, and diluted EPS increased 46% year-over-year to $2.31, both records for any fourth quarter in the company's history [8][25] - For the full year, net income attributable to Green Brick increased 34.1% year-over-year to $382 million, and diluted EPS grew 37.6% over 2023 to $8.45, the highest in company history [26] Business Line Data and Key Metrics Changes - Home closings grew almost sixfold from 665 units in 2015 to 3,783 in 2024, generating home closing revenues that exceeded $2 billion for the first time [10] - Homebuilding gross margins improved from 20.6% in 2015 to 33.8% in 2024, representing a 64% improvement [10] - Trophy brand represented 51% of total closings in Q4 2024, with an average selling price (ASP) below the company average [23] Market Data and Key Metrics Changes - Net new home orders during the fourth quarter grew 29.3% year-over-year to 878, one of the highest growth rates among public homebuilders [27] - The DFW housing market continued to perform well, with Trophy contributing 54% of net new orders by volume [32] - The company has a strong land position, with total lots owned and controlled increasing by 32% to over 37,800 lots [38] Company Strategy and Development Direction - The company focuses on infill and infill adjacent submarkets where supply is constrained and competition is limited, which has driven its success [15] - The company plans to increase its spend on land development by 46% to approximately $300 million in 2025 [37] - A new share repurchase plan has been authorized to buy back up to $100 million of common shares, indicating a commitment to maximizing shareholder value [40] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about long-term housing demand despite challenges posed by elevated mortgage rates, expecting significant demand from millennials and Gen Z entering their prime home buying years [19][20] - The company anticipates that the housing market remains undersupplied by an estimated 4 million to 7 million units [20] - Management expressed confidence in their ability to adjust home prices and incentives as needed due to industry-leading gross margins [36] Other Important Information - The company has maintained a low debt to total capital ratio of 17.2% at the end of 2024, the lowest year-end level since 2015 [12][30] - 93% of outstanding debt is fixed rate with an interest rate of 3.3% [31] Q&A Session Summary Question: Trends in January and February regarding sales and incentives - Management noted that sales trends in January and February are similar to the previous year, with mortgage rates dropping in February leading to a decrease in incentives [49][51] Question: Breakdown of the 46% increase in development spend - Management explained that the increase in land development spend is due to prior investments in land, which are now coming to fruition, and that community count growth is expected in the near future [54][58] Question: Expectations for SG&A leverage in 2025 - Management indicated that while there may be modest increases in headcount, the efficiency of the Trophy brand will help improve SG&A as a percentage of revenue over time [62][64]

Financial Data and Key Metrics Changes - Full year 2024 deliveries increased by 15% year over year to a record 11,007 homes, with Q4 deliveries of 3,198 homes and home sales revenues of $1,200,000,000, both quarterly records [5][17] - Adjusted net income for the full year increased by 36% year over year, with Q4 adjusted net income up 18% [6] - Adjusted gross margin for the full year increased by 80 basis points to 23.3% [5] - SG&A as a percentage of home sales revenues decreased by 40 basis points [6][22] - Book value per share grew to a record $84.65, a 13% year over year increase [24] Business Line Data and Key Metrics Changes - The company built nearly 100% of its homes on a spec basis in Q4 and for the full year [8] - Net new contracts for Q4 increased by 5% year over year to 2,467 homes, while full year net new contracts increased by 21% to 10,676 homes [6][19] - Average sales price for Q4 and full year was approximately $390,000, remaining among the lowest of publicly traded homebuilders [7] Market Data and Key Metrics Changes - Deliveries in the West, Texas, and Southeast regions all posted growth rates of over 20% for the full year [18] - The company ended Q4 with a community count of 322, the highest level in its history, up 28% year over year [12] - The average price of the Q4 backlog was $413,100, above the average sales price for Q4 deliveries [19] Company Strategy and Development Direction - The company aims to grow deliveries annually by 10% or more over the next couple of years, supported by increases in lot count and community count [12][25] - The company is focused on maintaining an appropriate sales pace despite elevated mortgage rates and is leveraging its captive mortgage subsidiary to provide financing options [8][25] - The company plans to continue its M&A strategy, having completed two acquisitions in 2024 to deepen its presence in existing markets [40] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about underlying demand for new homes, citing solid demographic trends despite recent mortgage rate volatility [7][25] - The company expects to manage costs effectively, with direct construction costs declining by 2% year over year [13] - Management anticipates that the first quarter of 2025 will see a decline in deliveries due to typical seasonality, but expects growth to resume in subsequent quarters [18] Other Important Information - The company repurchased over 1,000,000 shares, returning over $115,000,000 to shareholders in 2024 [23][24] - The company entered into a new credit agreement, increasing the capacity of its senior unsecured credit facility to $900,000,000 [24] Q&A Session Summary Question: Differences in traffic levels or incentives between Communities and Complete - Management noted no significant differences in incentives, with slightly more on the mortgage financing side for Century Complete [30] Question: Percentage of homes sold and closed in Q4 - Approximately 60% of homes were sold and closed within the quarter, consistent with the company's spec model [32][33] Question: Current incentive levels on orders - Incentive levels are consistent with Q4, around 900 basis points [36] Question: M&A potential for 2025 - Management is always looking at deals and has stringent underwriting criteria, with no immediate plans for additional acquisitions beyond those already made [40][41] Question: Impact of recent labor issues on construction - Management has not seen any impacts to date but is monitoring the situation closely [50][51] Question: Relative strength across different markets - The West and Mountain regions are performing well, with Southern California and Atlanta noted as strong markets [55][57] Question: ASP expectations for 2025 - The guidance implies flat to slightly down ASP, focusing on affordability [59] Question: Other income contribution details - The primary driver of other income was the disposal of a community, contributing around $20,000,000 [60] Question: Share repurchase strategy - The strategy is to prevent share count creep while opportunistically buying back shares [63]

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on July 14, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 United Homes Group, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 1531 (Primary standard industrial classification code number) Registration No. 333-271527 85-3460766 (I.R.S. Em ...

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on July 14, 2023 Registration No. 333-271527 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 United Homes Group, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 1531 (Primary standard industrial classification code number) 85-3460766 (I.R.S. Em ...

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on July 14, 2023 Registration No. 333-271515 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 United Homes Group, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 1531 (Primary standard industrial classification code number) 85-3460766 (I.R.S. Em ...