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Stock impact report

United Homes Group, Inc. Reports 2024 Third Quarter Results

United Homes Group, Inc - Class A (UHG) 
Company Research Source: Business Wire
Third Quarter 2024 Highlights369 homes closed, resulting in revenue, net of sales discounts, of $118.6 millionAverage sale price (“ASP”) of production-built homes was approximately $320,000 compared to $316,000 in Q3 2023341 net new home orders in Q3 2024 compared to 272 net new home orders in Q3 2023Active community count of 55 as of September 30, 2024Approximately 8,600 lots currently owned or controlled by the Company or related partiesAvailable liquidity of $89.0 million as of September 30, 2024, comprised of $25.8 million of cash and $63.2 million of unused committed capacity under our credit facility COLUMBIA, S.C.--(BUSINESS WIRE)--United Homes Group, Inc. (the “Company”) (NASDAQ: UHG) today announced results for the third quarter ended September 30, 2024.Third Quarter 2024 Operating ResultsFor the third quarter 2024, net loss was $7.3 million, or $0.15 per diluted share, which included change in fair value of derivative liabilities of $7.8 million, with that change predomin Show less Read more
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