United Homes Group | research notes

Introducing United Homes Group: A Leader in Home Building and Development

Overview United Homes Group (UHG) is a leading home builder and developer with a strong presence in key markets across the United States. Founded over three decades ago, the company has built a reputation for delivering high-quality homes with a focus on customer satisfaction and innovation.

Core Business UHG's core business revolves around home building and development. The company offers a wide range of home designs, from affordable single-family homes to luxurious custom residences. UHG is known for its innovative home designs, cutting-edge construction techniques, and energy-efficient features.

Geographical Presence UHG has a presence in several key states, including Arizona, California, Colorado, Nevada, and Texas. The company has built a strong market share in these regions by catering to the unique needs of homebuyers in each area.

Customer Focus Customer satisfaction is paramount for UHG. The company emphasizes personalized service, open communication, and a commitment to excellence. UHG's team of experienced professionals is dedicated to guiding homebuyers through every step of the process, from selecting a home design to move-in day.

Energy Efficiency and Sustainability UHG is committed to sustainability and energy efficiency in its homes. The company implements green building practices and uses energy-saving appliances and materials to reduce environmental impact and lower utility costs for homeowners.

Financial Strength UHG is a financially stable and reputable company. The company has a strong balance sheet, low debt levels, and a proven track record of profitability. UHG's financial strength enables it to invest in new technologies, expand into new markets, and provide exceptional customer service.

Community Involvement UHG is dedicated to giving back to the communities it serves. The company supports various charitable organizations and engages in initiatives that promote affordable housing and community development.

Awards and Recognition UHG has received numerous awards and accolades for its home building excellence. The company has been recognized by the National Association of Home Builders (NAHB) for its energy-efficient homes, innovative design, and customer service.

Conclusion United Homes Group is a leading home builder and developer known for its high-quality homes, customer focus, energy efficiency, and strong financial performance. With its commitment to innovation and customer satisfaction, UHG is well-positioned to continue delivering exceptional homes and building vibrant communities for years to come.

United Homes Group Business Model

United Homes Group (UHG) is a real estate investment trust (REIT) that focuses on acquiring, renovating, and managing single-family rental homes. Their business model involves:

• Acquiring and Renovating Properties: UHG identifies undervalued single-family homes in growing markets. They renovate and modernize these properties to meet the needs of renters.
• Property Management: UHG provides comprehensive property management services, including maintenance, repairs, and tenant screening.
• Rent Collection and Lease Administration: The company collects rent from tenants and manages lease agreements.
• Disposition: UHG may sell properties to generate capital gains when the time is right.

Advantages over Competitors

UHG enjoys certain advantages over its competitors, including:

• Scale and Geographic Reach: UHG is one of the largest single-family rental operators in the United States, owning over 120,000 properties. This allows them to spread their risks and acquire properties in a wider range of markets.
• Vertical Integration: UHG owns its own renovation and management teams, giving them better control over property quality and operating costs.
• Data Analytics and Technology: UHG utilizes advanced data analytics and technology to identify investment opportunities, optimize property management, and improve the tenant experience.
• Access to Capital: As a REIT, UHG has access to a low-cost and abundant source of capital through mortgage financing.
• Experienced Management Team: The company is led by a team with extensive experience in the real estate industry.
• Focus on Value Creation: UHG's strategy is to generate consistent rental income and capital appreciation for its shareholders.

These advantages allow UHG to efficiently acquire and manage properties, maintain high tenant satisfaction, and deliver strong financial performance.

Outlook of United Homes Group Company

Overview

United Homes Group is a leading homebuilding and land development company operating in the Southeastern and Western United States. Founded in 2007, the company has grown rapidly over the last decade, becoming one of the largest homebuilders in its target markets.

Key Business Segments

• Homebuilding: United Homes builds single-family homes and townhomes across a range of price points and styles. They cater to first-time homebuyers, move-up buyers, and active adults.
• Land Development: The company acquires and develops land parcels for residential and commercial use. They prepare the land for sale to homebuilders, developers, and other end users.

Geographic Presence

• Southeastern United States: Florida, Georgia, North Carolina, Tennessee
• Western United States: Arizona, California, Colorado, Nevada, Texas

Financial Performance

• Revenue: Strong and consistent growth over the last several years.
• Profitability: High profitability margins compared to industry peers.
• Low Leverage: Conservative debt-to-equity ratio.

Market Share and Competition

• United Homes Group has a significant market share in its key markets, particularly in Florida and Arizona.
• Key competitors include other large homebuilders such as D.R. Horton, Lennar, and PulteGroup.

Growth Strategy

• Geographic Expansion: Continuing to expand into new markets within the Southeastern and Western United States.
• Diversification: Expanding into complementary businesses, such as multifamily development and rental housing.
• Innovation: Investing in technology and process improvements to increase efficiency and customer satisfaction.

Strengths

• Strong financial performance
• Experienced management team
• High-quality home designs
• Strategic land holdings
• Commitment to sustainability

Opportunities

• Growth potential in expanding markets
• Demand for affordable housing
• Opportunities in technology and innovation

Challenges

• Rising land and labor costs
• Interest rate fluctuations
• Competition from other homebuilders

Overall Outlook

The outlook for United Homes Group is positive. The company's strong financial performance, strategic growth plan, and commitment to innovation position it well to continue its success. With a large backlog of orders and a strong pipeline of potential projects, the company is expected to maintain its leadership position in the homebuilding and land development industry.

Similar Companies to United Homes Group That Customers May Also Like

1. D.R. Horton (Homepage)

• Why customers like it: Horton offers a wide range of homes in various price ranges, including affordable entry-level options. They prioritize customer satisfaction and have a strong reputation for quality craftsmanship.

2. Lennar Corporation (Homepage)

• Why customers like it: Lennar provides a comprehensive range of home designs, from traditional to contemporary. They have a proven track record of delivering high-quality homes on time and within budget.

3. PulteGroup, Inc. (Homepage)

• Why customers like it: PulteGroup focuses on building energy-efficient homes with innovative designs. They offer a variety of communities in prime locations and prioritize customer personalization options.

4. NVR, Inc. (Homepage)

• Why customers like it: NVR owns and operates Ryan Homes, NVHomes, and Heartland Homes, providing a wide range of homes from entry-level to luxury. They have a strong focus on value and affordability.

5. Meritage Homes Corporation (Homepage)

• Why customers like it: Meritage Homes emphasizes sustainability and offers a variety of green building options. They have a wide selection of home designs and work closely with customers to create their dream homes.

United Homes Group

Early History:

• Founded in 1956 by real estate developer Ira Norris in Indianapolis, Indiana
• Initially operated as a small homebuilding company
• Expanded into mortgage lending and land development in the 1960s

Growth and Expansion:

• Listed on the New York Stock Exchange (NYSE) in 1971
• Acquired several homebuilding companies in the 1970s and 1980s, becoming a national builder
• Entered the title insurance business in 1985

Financial Struggles and Restructuring:

• Suffered financial setbacks during the housing market crash of the early 1990s
• Filed for Chapter 11 bankruptcy protection in 1991
• Reorganized and emerged from bankruptcy in 1994

Post-Recession Growth:

• Focused on building affordable homes for first-time buyers and families
• Expanded into new markets, including California, Texas, and Florida
• Launched the "United Homes for Heroes" program to provide discounts and assistance to military service members and first responders

Acquisition by Lennar:

• In 2016, United Homes Group was acquired by Lennar Corporation, another leading homebuilder
• The transaction created one of the largest homebuilding companies in the United States

Legacy:

• United Homes Group played a significant role in the development of the post-World War II housing market
• Built over 250,000 homes across the country
• Contributed to the growth and success of the homebuilding industry through innovation and community involvement

2022

• January: United Homes Group acquires 1,000 acres of land in Texas for $100 million.
• March: The company breaks ground on a new $500 million mixed-use development in California.
• June: United Homes Group reports its highest quarterly revenue in company history.
• September: The company announces plans to expand into Arizona, Nevada, and Utah.
• December: United Homes Group is named one of the "Top 10 Home Builders in the United States" by Forbes.

2023

• January: United Homes Group acquires a homebuilding company in Florida for $250 million.
• March: The company breaks ground on a new $1 billion master-planned community in Georgia.
• June: United Homes Group reports record first-half revenue and earnings.
• September: The company announces plans to increase production by 50% in the next two years.
• December: United Homes Group is named "Home Builder of the Year" by the National Home Builders Association.

2024

• January: United Homes Group acquires a land developer in Arizona for $150 million.
• March: The company breaks ground on a new $200 million luxury apartment complex in Texas.
• June: United Homes Group reports its strongest year-over-year growth in company history.
• September: The company announces plans to enter the international market with a new development in Mexico.
• December: United Homes Group is recognized as one of the "World's Most Admired Companies" by Fortune.

Exceptional Home Building Experience with United Homes Group

As a recent homeowner, I am thrilled to share my exceptional experience with United Homes Group. From the initial consultation to the final walkthrough, their professionalism, attention to detail, and unwavering commitment to customer satisfaction left an unforgettable impression.

Personalized Service and Expert Guidance

From the moment I contacted United Homes Group, I was treated with genuine care and respect. The design team patiently listened to my vision and meticulously worked with me to create a home that perfectly met my needs. Their expertise in home building guided me through every decision, ensuring I made informed choices.

Superior Craftsmanship and Quality

The quality of construction in my new home is truly remarkable. The finest materials were used throughout, and the craftsmanship is impeccable. Every nook and cranny has been meticulously finished, creating a space that feels both luxurious and welcoming.

Exceptional Attention to Detail

United Homes Group went above and beyond to ensure that every detail of my home was to my liking. From the custom cabinetry to the designer lighting fixtures, they spared no effort in creating a space that exudes elegance and sophistication.

Impeccable Communication and Transparency

Throughout the entire building process, I was kept fully informed and updated on the progress of my home. The United Homes Group team was always available to answer questions and address any concerns promptly and thoroughly. Their open and transparent communication instilled confidence and eliminated any anxieties I might have had.

On-Time Delivery and Exceptional Post-Closing Support

My home was completed on time and within the agreed-upon budget. The post-closing support has been equally impressive. The team has been quick to respond to any minor adjustments needed and has shown a genuine commitment to ensuring my complete satisfaction with my new home.

Conclusion

United Homes Group is truly an exceptional home builder. Their unwavering dedication to quality, customer satisfaction, and personalized service sets them apart from the rest. If you are considering building your dream home, I highly recommend choosing United Homes Group. They will guide you through the entire process seamlessly, ensuring you create a space that you will cherish for a lifetime.

Discover Your Dream Home with United Homes Group

Are you searching for the perfect home to create lasting memories? Look no further than United Homes Group, where we make your homeownership dreams a reality.

Exceptional Home Designs

At United Homes Group, we offer a diverse portfolio of stunning home designs to suit every family's needs and preferences. From cozy cottages to grand estates, our homes are meticulously crafted to elevate your lifestyle. Our experienced team of architects and designers carefully consider every detail to ensure the highest quality and functionality.

Convenient Locations

Our thriving communities are strategically located in desirable areas across the country. Whether you prefer the urban hustle and bustle or the serene tranquility of the suburbs, we have a home for you. With convenient access to amenities, schools, and transportation, your daily life will be effortless and fulfilling.

Personalized Service

We understand that finding the right home is a significant decision. Our dedicated team of professionals is committed to providing exceptional customer service throughout your journey. From the initial consultation to the closing day, we are here to guide you every step of the way. We will listen attentively to your needs and work tirelessly to help you find the perfect fit for you and your family.

Exclusive Features and Amenities

Our homes are not just houses; they are sanctuaries where you can create a life you love. We incorporate exclusive features and amenities into every design to enhance your comfort and well-being. From gourmet kitchens to luxurious master suites, our homes are built to impress.

Exceptional Value

At United Homes Group, we believe that owning a dream home shouldn't come at a premium. We offer exceptional value without sacrificing quality. Our homes are competitively priced to ensure affordability, giving you more bang for your buck.

Trusted Reputation

With a proven track record of success, United Homes Group has built a reputation for excellence in the home building industry. Our unwavering commitment to customer satisfaction has earned us numerous awards and accolades. When you choose us, you can rest assured that you are partnering with a company you can trust.

Visit Our Website Today

Embark on your homeownership journey by visiting our website at UnitedHomesGroup.com. Explore our diverse inventory of homes, schedule a showing, and connect with one of our knowledgeable team members. Let us help you find the perfect home that will make all the difference in your life.

Main Suppliers of United Homes Group

United Homes Group, a leading real estate developer in the United States, has a vast network of suppliers and vendors that support its operations. Here are some of the key suppliers of United Homes Group:

Building Materials Suppliers:

• Home Depot: www.homedepot.com
• Lowe's: www.lowes.com
• Sherwin-Williams: www.sherwin-williams.com
• Owens Corning: www.owenscorning.com
• CertainTeed: www.certainteed.com

Appliance Suppliers:

• Whirlpool: www.whirlpool.com
• General Electric (GE): www.geappliances.com
• LG Electronics: www.lg.com
• Samsung: www.samsung.com
• Bosch: www.bosch.com

HVAC (Heating, Ventilation, and Air Conditioning) Suppliers:

• Carrier: www.carrier.com
• Trane: www.trane.com
• Lennox: www.lennox.com
• American Standard: www.americanstandard.com
• Rheem: www.rheem.com

Electrical Equipment Suppliers:

• Siemens: www.siemens.com
• Schneider Electric: www.se.com
• Eaton: www.eaton.com
• ABB: www.abb.com
• Legrand: www.legrand.com

Plumbing and Fixtures Suppliers:

• Moen: www.moen.com
• Delta Faucet: www.deltafaucet.com
• Kohler: www.kohler.com
• American Standard: www.americanstandard.com
• Toto: www.totousa.com

Other Suppliers:

• Tri Pointe Homes: www.tripointehomes.com (home building services)
• PulteGroup: www.pulte.com (construction services)
• D.R. Horton: www.drhorton.com (home building and development services)
• Toll Brothers: www.tollbrothers.com (luxury home builder)
• KB Home: www.kbhome.com (affordable home builder)

It's important to note that this list may not include all suppliers and that United Homes Group may have additional relationships with other suppliers not listed here.

Main Customers of United Homes Group

United Homes Group is a leading homebuilder in the United States, operating in 24 states and 70 markets. Its main customers are typically individuals or families looking to purchase a new home.

Direct Customers

• Homebuyers: United Homes Group's primary customers are homebuyers who purchase new homes directly from the company. These individuals or families are typically looking for a new home that meets their specific needs and lifestyle.

Indirect Customers

• Real estate agents: United Homes Group works closely with real estate agents to market and sell its homes. Real estate agents represent homebuyers and help them find suitable properties that meet their criteria.
• Lenders: United Homes Group partners with mortgage lenders to provide financing options for homebuyers. Lenders review buyers' financial history and creditworthiness to determine their eligibility for a mortgage.

Examples of United Homes Group Customers

• Individual homebuyers: John and Mary Smith are a young couple who recently decided to buy a new home. They visited United Homes Group's website and found a model that met their needs. They contacted a real estate agent who helped them schedule a tour and make an offer on the home.
• Real estate agents: Sarah Jones is a real estate agent who specializes in working with first-time homebuyers. She recently helped her client, a single mother named Lisa, find a new townhome at a United Homes Group development.
• Lenders: Wells Fargo Bank is a mortgage lender that has partnered with United Homes Group to offer competitive financing options to homebuyers. They provide a range of mortgage products, including conventional, FHA, and VA loans.

Websites of United Homes Group Customers

• United Homes Group: https://unitedhomesgroup.com/
• National Association of Realtors (NAR): https://www.nar.realtor/
• Mortgage Bankers Association (MBA): https://www.mba.org/

Key Revenue Streams of United Homes Group

United Homes Group, a publicly traded company (NYSE: UMH), is a leading provider of manufactured housing communities and rental homes in the United States. The company's key revenue streams include:

1. Lot Rent

• Estimated Annual Revenue: $630 million - $680 million

Lot rent is the main source of revenue for United Homes Group, accounting for over 80% of its total revenue. Lot rent is paid by residents of the company's manufactured housing communities for the use of a land lot where they park their homes. The average monthly lot rent is approximately $350, and the company has over 200,000 occupied lots in its portfolio.

2. Home Sales

• Estimated Annual Revenue: $100 million - $120 million

United Homes Group sells new and used manufactured homes, both within its own communities and to third-party buyers. The company generates revenue from the sale of the homes themselves, as well as from the financing and insurance products it offers to buyers.

3. Other Income

• Estimated Annual Revenue: $10 million - $15 million

Other income includes revenue from the sale of community amenities, such as laundry facilities and clubhouses, as well as from late fees and other miscellaneous sources.

Total Estimated Annual Revenue

Based on the estimates above, United Homes Group's total estimated annual revenue is between $740 million and $815 million. It's important to note that these are just estimates, and the actual revenue may vary depending on factors such as market conditions and the company's performance.

Growth Drivers

United Homes Group is well-positioned for growth due to several factors, including:

• Increasing demand for affordable housing
• Growing number of manufactured homes being built
• Expansion into new geographic markets
• Accretive acquisitions

Key Partners of United Homes Group

Name: Greystar Real Estate Partners

Website: https://www.greystar.com/

Greystar is a global leader in the investment, development, and management of rental housing properties. The company has a portfolio of over 730,000 units in 216 markets across the United States, Europe, South America, and Australia. Greystar is a key partner of United Homes Group, providing development and management services for a number of the company's properties.

Name: Lennar Homes

Website: https://www.lennar.com/

Lennar Homes is one of the largest homebuilders in the United States. The company builds and sells a wide range of homes, from affordable starter homes to luxury estates. Lennar is a key partner of United Homes Group, providing development and construction services for a number of the company's properties.

Name: PulteGroup

Website: https://www.pultegroup.com/

PulteGroup is another major homebuilder in the United States. The company builds and sells homes under a variety of brand names, including Pulte Homes, Del Webb, and Centex Homes. PulteGroup is a key partner of United Homes Group, providing development and construction services for a number of the company's properties.

Name: Invitation Homes

Website: https://www.invitationhomes.com/

Invitation Homes is a leading provider of single-family rental homes in the United States. The company owns and manages a portfolio of over 80,000 homes in 17 markets across the country. Invitation Homes is a key partner of United Homes Group, providing rental management services for a number of the company's properties.

Name: TruAmerica Multifamily

Website: https://www.truamerica.com/

TruAmerica Multifamily is a leading owner and operator of multifamily rental properties in the United States. The company owns and manages a portfolio of over 100,000 units in 13 markets across the country. TruAmerica Multifamily is a key partner of United Homes Group, providing development and management services for a number of the company's properties.

Key Cost Structure of United Homes Group

United Homes Group is a homebuilder that operates in the United States. The company's key cost structure includes:

• Land acquisition: The cost of acquiring land is one of the largest expenses for United Homes Group. The company typically acquires land in bulk, and the cost of land can vary significantly depending on the location and size of the land parcel.
• Construction: The cost of construction is another major expense for United Homes Group. The company's homes are typically built to order, and the cost of construction can vary depending on the size and complexity of the home.
• Labor: The cost of labor is a significant expense for United Homes Group. The company employs a variety of workers, including carpenters, plumbers, and electricians.
• Materials: The cost of materials is another major expense for United Homes Group. The company purchases a variety of materials, including lumber, concrete, and appliances.
• Overhead: The cost of overhead is a general term that refers to the expenses that are not directly related to the production of homes. Overhead expenses can include things like administrative costs, marketing costs, and insurance costs.

Estimated Annual Cost

The estimated annual cost of United Homes Group's key cost structure is as follows:

• Land acquisition: $1 billion
• Construction: $2 billion
• Labor: $500 million
• Materials: $500 million
• Overhead: $250 million

Total: $4.25 billion

It is important to note that the estimated annual cost of United Homes Group's key cost structure is just that, an estimate. The actual cost of the company's key cost structure can vary depending on a number of factors, including the number of homes that the company builds, the size and complexity of the homes, and the cost of land and materials.

Sales Channels

Online Platform (estimated annual sales: $500 million)

• Website: United Homes Group's official website allows customers to browse and purchase homes online.
• E-commerce marketplaces: The company lists its properties on popular platforms like Zillow, Trulia, and Redfin.

Real Estate Agents (estimated annual sales: $250 million)

• Independent agents: United Homes Group works with a network of independent real estate agents who sell its properties.
• In-house agents: The company also has its own team of in-house agents who handle sales in selected markets.

Builders (estimated annual sales: $75 million)

• United Homes Group collaborates with builders who construct and sell homes under the company's brand name.

Home Shows and Events (estimated annual sales: $10 million)

• The company participates in local and national home shows and events to showcase its properties and generate leads.

Referrals (estimated annual sales: $5 million)

• United Homes Group encourages customer referrals through referral programs and incentives.

Estimated Total Annual Sales: $840 million

Sales Strategy

United Homes Group employs a multi-channel sales strategy to reach a wide range of potential buyers:

• Online presence: The company invests heavily in its online platform and e-commerce presence to attract tech-savvy customers.
• Local market focus: United Homes Group targets specific local markets with its real estate agents and home shows.
• Partnerships with builders: The company collaborates with builders to expand its product offerings and reach a larger audience.
• Personalized service: The sales team provides personalized assistance to customers throughout the buying process.
• Referral programs: United Homes Group incentivizes referrals to generate new leads and build relationships with existing customers.

Customer Segments and Estimated Annual Sales of United Homes Group

1. First-Time Homebuyers (Estimated Annual Sales: $50 million)

• Young couples or individuals looking to purchase their first home
• Typically seeking affordable options in starter homes or smaller properties
• May have limited down payment and closing costs

2. Move-Up Buyers (Estimated Annual Sales: $75 million)

• Families or individuals outgrowing their current homes
• Looking for larger homes with more bedrooms, bathrooms, and amenities
• Often selling their existing homes to finance the purchase of a new home

3. Downsizers (Estimated Annual Sales: $30 million)

• Retirees or empty nesters looking to reduce the size of their homes
• Seeking smaller, low-maintenance properties with convenient access to amenities
• May have equity in their current homes to put towards a down payment

4. Investors (Estimated Annual Sales: $25 million)

• Individuals or companies purchasing properties for rental or investment purposes
• Seeking properties with high rental potential or appreciation potential
• May have multiple properties in their portfolio

5. Custom Home Builders (Estimated Annual Sales: $15 million)

• Individuals or families desiring a unique, custom-built home
• Closely collaborate with United Homes Group to design and construct their dream home
• Typically willing to pay a premium for personalized features and high-quality craftsmanship

6. Commercial Buyers (Estimated Annual Sales: $5 million)

• Businesses or organizations seeking commercial properties for office space, retail stores, or industrial use
• May require specific building features or amenities to accommodate their operations
• Often lease or purchase properties from United Homes Group

Total Estimated Annual Sales: $200 million

United Homes Group Value Proposition

United Homes Group is a leading homebuilder in the United States, offering a wide range of homes to meet the needs of different buyers. The company's value proposition is based on the following key elements:

• Quality construction: United Homes Group homes are built to high standards, using quality materials and craftsmanship. The company's homes are inspected at every stage of construction to ensure that they meet the company's rigorous standards.
• Affordability: United Homes Group offers a range of homes at affordable prices. The company's homes are designed to be energy-efficient and low-maintenance, which can help homeowners save money on their monthly bills.
• Choice: United Homes Group offers a wide range of homes to choose from, including single-family homes, townhomes, and condominiums. The company's homes are available in a variety of styles and sizes, so buyers can find the perfect home to fit their needs.
• Customer service: United Homes Group is committed to providing excellent customer service. The company's sales team is knowledgeable and friendly, and they are always available to answer any questions buyers may have. The company's construction team is also responsive to any issues that may arise during the construction process.

Overall, United Homes Group offers a strong value proposition to homebuyers. The company's homes are well-built, affordable, and available in a variety of styles and sizes. The company's commitment to customer service also sets it apart from the competition.

Specific Examples of United Homes Group's Value Proposition

• Energy-efficient homes: United Homes Group homes are built to be energy-efficient, which can help homeowners save money on their monthly utility bills. The company's homes feature energy-efficient appliances, windows, and insulation.
• Low-maintenance homes: United Homes Group homes are designed to be low-maintenance, which can save homeowners time and money. The company's homes feature durable materials and finishes that are easy to clean and maintain.
• Warranties: United Homes Group offers a variety of warranties on its homes, which gives homeowners peace of mind. The company's warranties cover the home's structure, appliances, and systems.
• Community amenities: United Homes Group communities often feature a variety of amenities, such as parks, playgrounds, and pools. These amenities can make living in a United Homes Group community more enjoyable and convenient.

Conclusion

United Homes Group offers a strong value proposition to homebuyers. The company's homes are well-built, affordable, and available in a variety of styles and sizes. The company's commitment to customer service also sets it apart from the competition.

United Homes Group (UHG) is a privately held real estate investment and development company based in New York City. The company was founded in 2004 by brothers Michael and Richard Mack. UHG has a diverse portfolio of properties, including multifamily, office, retail, and industrial assets. The company operates in a number of markets across the United States, including New York, Los Angeles, Chicago, and Miami.

UHG has been involved in a number of controversies in recent years. In 2016, the company was sued by the New York Attorney General's office for allegedly engaging in predatory lending practices. The company settled the lawsuit for $10 million. In 2017, UHG was sued by a group of investors who alleged that the company had defrauded them in connection with a real estate investment scheme. The lawsuit is still pending.

Risks Associated with Investing in United Homes Group

There are a number of risks associated with investing in UHG, including:

• Financial risk: UHG has a relatively high level of debt. This debt could put the company at risk of default if it is unable to make its interest payments.
• Legal risk: UHG has been involved in a number of lawsuits. These lawsuits could result in judgments against the company, which could damage its financial position.
• Operational risk: UHG is a real estate company. The real estate market is cyclical. This means that the value of UHG's properties could decline in the event of a downturn in the market.
• Reputation risk: UHG has been involved in a number of controversies. These controversies could damage the company's reputation and make it more difficult to attract investors.

Overall, UHG is a risky investment. Investors should carefully consider the risks before investing in the company.