United Homes Group, Inc. (UHG) reported Friday that its first-quarter net income was $24.9 million or $0.44 per share, compared to prior year's net loss of $204.5 million or $5.44 per share.
The latest result included change in fair value of derivative liabilities of $26.4 million.
Adjusted EBITDA during the first quarter was $7.3 million, compared to $8.5 million during the first quarter 2023.
The residential builder's revenues for the first quarter grew to $100.8 million from last year's $94.8 million.
Home closings were 311, down from 328 last year. Net new home orders also declined to 384 from prior year's 389.
ASP of 286 production-built homes closed during the first quarter 2024 was approximately $335,000, compared to $314,000 during the first quarter 2023 for 294 production-built homes.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.