Quarter ended September 30, 2026.
| Closings | 2,241 (↓2%) |
| Revenue | $1.08B (↓5%) |
| Gross margin | 20.9% |
| Orders | 1,861 (↓2%) |
From the call
“As of 9/30, we had 5,200 homes in the field versus 5,000 homes in the field a year ago, and our construction cost and cycle time were flat in the third quarter compared to the second quarter.”
M/I is adding communities without letting costs or build times slip, and it is doing it with no borrowing on its credit line.
Source: M/I Homes 8-K and earnings call.
