M/I Homes, Inc.

M/I Homes, Inc. and its subsidiaries is a prominent builder of single-family homes in the United States, having started homebuilding activities in 1976 and sold over 168,200 homes since then. The company operates through two main divisions: homebuilding and financial services. Its homebuilding operations are divided into two reporting segments, the Northern and Southern regions, and represent the largest part of the business, accounting for 97% of consolidated revenue in both 2025 and 2024. M/I Homes designs, markets, constructs, and sells single-family homes and attached townhomes to a diverse range of buyers, including first-time, move-up, empty-nester, and luxury customers. Beyond home sales, the homebuilding operations also generate revenue from selling land and lots. The company primarily builds homes in planned development and mixed-use communities. As of December 31, 2025, M/I Homes offered homes for sale in 232 communities across ten states and 17 markets. The average sales price of homes delivered in 2025 was $479,000, while the average sales price of homes in backlog at December 31, 2025, was $547,000. The company offers homes with base sales prices ranging from approximately $190,000 to $1,250,000. The financial services division supports the homebuilding operations by providing mortgage loans and title services to its homebuilding customers, operating as an independent segment.