United Homes Group, Inc. (NASDAQ:UHG) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET
Company Participants
Erin Reeves McGinnis - General Counsel
Jamie Pirrello - Chief Executive Officer
Jack Micenko - President
Keith Feldman - Chief Financial Officer
Conference Call Participants
Operator
Good morning. My name is Emy and I'll be your conference operator for today. At this time, I would like to welcome everyone to the United Homes Group Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
I would like to now turn the call over to Erin Reeves McGinnis. You may begin.
Erin Reeves McGinnis
Good morning, and welcome to United Homes Group's third quarter of 2024 earnings call. Before the call begins, I would like to note this call will include forward-looking statements within the meaning of the federal securities laws. United Homes Group cautions that forward looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. These risks which change over time. These risks and uncertainties include but are not limited to, the risk factors described by United Homes Group in its filings with the Securities and Exchange Commission.
Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date and you should not place undue reliance on these forward-looking statements. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Additionally, reconciliations of non-GAAP financial measures discussed on this call to the most directly comparable GAAP measures can be accessed through the company's website and in its SEC filings.
Hosting the call today are United Homes Group's Chief Executive Officer, Jamie Pirrello; President, Jack Micenko; and Chief Financial Officer, Keith Feldman.
With that, I'd like to turn the call over to Jack.
Jack Micenko
Thank you, Aaron. Good morning and thank you everybody for joining us today as we go over our results for the third quarter 2024 and provide an update on our operations. United Homes Group delivered strong results in the quarter, highlighted by home sales revenue growth of 35% year-over-year and the 30% increase in new home deliveries. I want to thank all of our team members for their hard work in delivering a strong quarter of sales and deliveries and making improvements to our operations on a number of fronts. We continue to see positive housing fundamentals in our markets highlighted by strong local economies and migration patterns.