United Homes Group Inc. reported its first-quarter 2025 financial results, highlighting a decrease in home closings and revenue. The company closed 252 homes in Q1 2025, marking a 19% decline from 311 home closings in the same quarter of 2024. This resulted in revenue, net of sales discounts, of $87.0 million, a 14% decrease from the previous year. Net new orders also fell by 23% year-over-year, with 296 orders compared to 384 in Q1 2024. The company saw its average sale price of production-built homes increase to approximately $345,000 from $335,000 in Q1 2024. The gross profit percentage slightly increased to 16.2% from 16.0% in the first quarter of 2024, primarily due to a reduction in interest expense in cost of sales, partially offset by increased incentive costs and price reductions. The adjusted gross profit percentage decreased to 18.8% from 20.4% in the prior year, as the company offered sales incentives and price reductions to accelerate inventory sales. United Homes Group's liquidity stood at $86.9 million as of March 31, 2025, with $25.0 million in cash and $61.9 million in unused committed capacity under its credit facility. Despite challenges, the company noted improvements in sales and gross margins throughout the quarter and highlighted the success of its new home designs and cost reduction initiatives. The company expects these efforts to continue delivering positive results in the second half of the year.