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Posted by
Two Blokes Apr 23 -
Filed in
Stock
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M/I Homes, Inc. reported a disappointing Q1, with declines in revenue, profitability, and efficiency, driven by consumer uncertainty and economic conditions. Key metrics: Revenues down 7% y/y, home deliveries down 8%, new contracts down 10%, and cancellation rates up to 10%. The macroeconomic outlook remains bleak due to tariff uncertainties and potential recession, impacting demand and profitability for homebuilders like M/I Homes.
