M/I Homes, Inc. Common Stock (MHO)

Frequently Asked Questions About M/I Homes, Inc. Common Stock (MHO)

Does M/I Homes offer financing options?

Yes, M/I Homes provides financing options through its affiliated mortgage company, M/I Financial, LLC. This allows homebuyers to secure competitive mortgage rates and personalized financing solutions tailored to their financial situations. Their team offers guidance throughout the financing process, making it easier for buyers to navigate home financing.

How does M/I Homes approach land acquisition?

M/I Homes employs a strategic approach to land acquisition, focusing on locations that align with market demand and future growth potential. The company evaluates land parcels based on factors such as demographics, accessibility, and zoning regulations. This thorough analysis ensures that M/I Homes can develop communities that meet the needs of prospective buyers while maximizing their investment.

How does M/I Homes ensure quality in their homes?

M/I Homes prioritizes quality by implementing a rigorous construction process that adheres to industry standards and best practices. They employ experienced construction crews and utilize high-quality materials throughout their homebuilding process. Additionally, the company conducts thorough inspections at various stages of construction to ensure that every aspect of the home meets their stringent quality criteria.

How does M/I Homes handle customer service?

M/I Homes emphasizes customer satisfaction through dedicated customer service initiatives. The company maintains a team of customer care representatives who assist homeowners throughout the buying process and after closing. This includes addressing any warranty issues and offering ongoing support to ensure a positive homeownership experience.

How has M/I Homes performed during economic downturns?

Historically, M/I Homes has demonstrated resilience during economic downturns by adjusting its operations and focusing on key market segments. The company’s commitment to quality and customer service has helped retain buyer interest even in challenging market conditions. Additionally, their diverse geographic presence allows them to better navigate regional fluctuations in the housing market.

Is M/I Homes publicly traded?

Yes, M/I Homes, Inc. is publicly traded on the New York Stock Exchange under the ticker symbol MHO. As a publicly traded company, it is subject to regulatory oversight and provides regular financial disclosures. This status gives investors the opportunity to participate in its growth and profitability as the company expands its homebuilding operations.

What are the financials of M/I Homes?

M/I Homes has shown a steady performance in its financial results, with revenues derived from home sales, land sales, and various ancillary services. The company's financial health can be assessed through its quarterly earnings reports, balance sheets, and annual filings with the SEC, which detail earnings growth, profit margins, and other key financial metrics relevant to investors and stakeholders.

What are the future plans for M/I Homes?

M/I Homes aims to continue its expansion across existing and new markets in the United States. Their future plans include diversifying their home designs, enhancing energy efficiency initiatives, and further investing in customer service improvements. The company also seeks to adapt to changing market conditions and demographic trends to meet evolving consumer needs.

What community types does M/I Homes develop?

M/I Homes develops a variety of community types, including single-family home neighborhoods, active adult communities, and townhome developments. Each community is designed to cater to different lifestyle preferences and demographics, ensuring a diverse selection for potential buyers. The company focuses on enhancing community livability by incorporating amenities such as parks, trails, and recreational facilities.

What does M/I Homes, Inc. do?

M/I Homes, Inc. is a leading residential homebuilder based in the United States, primarily involved in the construction and sale of single-family homes. Founded in 1976, the company operates across several states, with a focus on developing communities that cater to a variety of consumer needs. M/I Homes emphasizes quality construction, innovative designs, and energy-efficient practices, making it a popular choice among homebuyers.

What is the M/I Homes design process like?

The design process at M/I Homes is highly collaborative, allowing homebuyers to personalize their homes according to their tastes and needs. Upon selecting a floor plan, customers can visit the company's design center, where they work with design consultants to choose various features, including cabinetry, flooring, countertops, and fixtures. This ensures that each home reflects the unique style and preferences of its owner.

What is the M/I Homes warranty policy?

M/I Homes offers an extensive warranty policy for its homes, typically covering structural defects and workmanship for up to ten years. The company also provides a one-year limited warranty for materials and workmanship, ensuring that buyers receive quality assurance post-purchase. This warranty reflects M/I Homes’ commitment to long-term homeowner satisfaction.

What is the significance of the M/I Homes brand?

The M/I Homes brand represents quality, innovation, and customer satisfaction in the homebuilding industry. The company has built a strong reputation over the years, becoming a trusted name among homebuyers. Their commitment to excellence is reflected in their customer experiences, quality construction, and dedication to community development, which collectively strengthen their brand's significance in the market.

What measures does M/I Homes take for energy efficiency?

M/I Homes is committed to energy efficiency, implementing various sustainable practices in its home designs. They utilize advanced building techniques, high-efficiency HVAC systems, and energy-saving appliances. The company also offers Energy Star® rated homes, ensuring that they meet stringent energy performance standards. This focus on sustainability not only benefits the environment but also helps reduce homeowners' utility costs.

What philanthropic efforts does M/I Homes participate in?

M/I Homes is dedicated to giving back to the communities in which it operates. The company engages in various philanthropic efforts, including supporting local charities, sponsoring community events, and contributing to housing initiatives. Their commitment to social responsibility reflects their values and strengthens community ties, aligning with their mission to build not only homes but lasting communities.

What regions does M/I Homes serve?

M/I Homes operates in multiple markets across the United States, focusing primarily on regions in the Midwest and Southeast. Key markets include cities such as Columbus, Cincinnati, Indianapolis, Chicago, Orlando, Tampa, and Raleigh. Their diverse geographic presence allows them to offer a variety of home designs and community types tailored to different regional preferences and lifestyle demands.

What types of homes does M/I Homes build?

M/I Homes specializes in building single-family homes that range from entry-level to luxury residences. Their offerings include customizable floor plans, townhomes, and various styles, from traditional to contemporary designs. The company emphasizes energy-efficient construction methods to provide homeowners with sustainable living options and lower utility costs.

When was M/I Homes, Inc. founded?

M/I Homes, Inc. was founded in 1976 by Milton S. and Irving R. Slutsky, who started the company with a vision to create quality homes for families. Over the decades, M/I Homes has grown significantly, becoming a publicly traded company on the New York Stock Exchange under the ticker symbol MHO, and has built a solid reputation for reliability and customer satisfaction in the homebuilding industry.

Where is M/I Homes, Inc. headquartered?

M/I Homes, Inc. is headquartered in Columbus, Ohio. This central location allows the company to effectively manage its operations across its various regional markets. The headquarters includes administrative offices, a design center, and resources to support its homebuilding endeavors throughout the Midwest and Southeast regions of the United States.

What is the current price of M/I Homes, Inc. Common Stock?

The current price of M/I Homes, Inc. Common Stock is 109.10

When was M/I Homes, Inc. Common Stock last traded?

The last trade of M/I Homes, Inc. Common Stock was at 7:00 pm EDT on April 3rd, 2025

What is the market capitalization of M/I Homes, Inc. Common Stock?

The market capitalization of M/I Homes, Inc. Common Stock is 3.20B

How many shares of M/I Homes, Inc. Common Stock are outstanding?

M/I Homes, Inc. Common Stock has 29.32M shares outstanding.