UHG News & Events

Stanley Martin Homes and United Homes Group announced that they have entered into a definitive agreement under which Stanley Martin will acquire United Homes in an all-cash transaction that represents an enterprise value of approximately $221M. Under the terms of the agreement, United Homes shareholders will receive $1.18 per share in cash. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions. Under the terms of the agreement, Stanley Martin will acquire all outstanding shares of United Homes for $1.18 per share in cash. The transaction has been approved by the mergers and acquisitions committee and board of directors of United Homes. Upon completion of the transaction, United Homes Group will become a subsidiary of Stanley Martin Homes and will no longer be publicly traded.

United Homes Group announced that the special committee of independent directors previously appointed by the board of directors in May has, in conjunction with its legal and financial advisors, concluded its review of strategic alternatives. After evaluating a full range of strategic alternatives, including a potential sale, merger or other transaction, the special committee has unanimously determined that, in light of current macroeconomic conditions, continuing to execute on the company's strategic plan as an independent, public company is in the best interests of the company and its stockholders at this time. In connection with the conclusion of the strategic review process, four members of the board, Robert Dozier, Jason Enoch, Alan Levine and James Pirrello, informed Michael Nieri, the controlling stockholder and executive chairman of the company, that they were willing to remain on the board so long as the company's existing management team was fully empowered to execute on the company's strategic plan and Nieri stepped down from his position as executive chairman of the company and agreed to forego any remaining cash compensation to which he would be entitled under his existing employment agreement, in furtherance of company cost-saving initiatives. Nieri would not agree to the foregoing conditions. Accordingly, on October 19, the following members of the board announced their intention to resign from the board, effective no later than November 14, in the hope of facilitating an orderly transition by allowing the company to timely file its upcoming quarterly report on Form 10-Q and enabling Nieri to identify new directors. In addition, on October 19, Nikki Haley announced her intention to resign from the board, effective no later than November 14.

Reports preliminary Q3 starts 526. Reports preliminary Q3 closings 262. "Net new orders declined 5% year-over-year in the third quarter primarily reflecting weaker demand in July, which improved sequentially in August and September," stated CEO Jack Micenko.

Reports preliminary Q2 starts 357. Reports preliminary Q2 closings 303. "Net new orders declined 6% year-over-year in the second quarter as improvement in our sales pace was offset by a 10% decline in active community count over the same time frame," stated CEO Jack Micenko. "This decline in community count is expected to reverse in the second half of 2025 as we have a number of new communities coming online, which should translate into a double-digit increase in active communities in the second half of the year."