MHO 📈 M/I Homes - Overview

M/I Homes, Inc. operates as a diversified homebuilding company, with a presence in multiple states across the United States, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company's business is organized into three primary segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. This structure enables M/I Homes to cater to a wide range of customers, from first-time buyers to luxury homebuyers, offering a broad spectrum of housing options, including single-family homes and attached townhomes under the M/I Homes brand name.

The company's homebuilding activities involve the design, construction, marketing, and sale of homes to various demographic groups, including millennials, move-up buyers, empty-nesters, and multi-generational families. In addition to its core homebuilding business, M/I Homes also engages in land development, purchasing undeveloped land and developing it into lots for the construction of single-family homes. The company may also sell these developed lots to other builders or investors, providing an additional revenue stream. This strategic approach to land development allows M/I Homes to manage its inventory of buildable lots, mitigate risks associated with land ownership, and capitalize on opportunities in the real estate market.

M/I Homes' Financial Services segment offers a range of services, including mortgage origination and sales, as well as title insurance agency services. The company provides title insurance policies, examination, and closing services to homebuyers, facilitating a seamless transaction process. By offering these financial services, M/I Homes can provide a more comprehensive and integrated homebuying experience, differentiating itself from competitors and increasing customer satisfaction. With a history dating back to 1976, M/I Homes, Inc. is headquartered in Columbus, Ohio, and has established itself as a reputable player in the homebuilding industry, with a strong online presence at https://www.mihomes.com.

As a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol MHO, M/I Homes, Inc. is subject to the disciplines of the public market, with its common stock (ISIN: US55305B1017) being classified under the GICS Sub Industry: Homebuilding. This classification reflects the company's primary business activities, which are focused on the construction and sale of residential homes. With its diversified business model, geographic presence, and range of services, M/I Homes is well-positioned to navigate the complexities of the homebuilding industry and capitalize on opportunities for growth and expansion.