United Homes Group: Some Notable Insider Purchases In June

Jul. 22, 2024 3:05 PM ETUnited Homes Group, Inc. (UHG) StockUHG
(11min)

Summary

  • United Homes Group, Inc. shares have dropped over 60% due to high interest rates impacting housing affordability.
  • The company predominantly builds in South Carolina but is also growing through acquisitions, making three since going public in March 2023.
  • Insiders made large transactions in the stock in June, showing optimism despite poor financial performance and an uncertain interest rate environment.
  • An analysis of United Homes Group follows in the paragraphs below.
  • Looking for a helping hand in the market? Members of The Insiders Forum get exclusive ideas and guidance to navigate any climate. Learn More »

Two construction workers talk together inside large house under renovation

Jessie Casson

Shares of home builder United Homes Group, Inc. (NASDAQ:UHG) have fallen 65% in the past 13 months as high interest rates have countered migration tailwinds and a lack of existing homes for sale. The company predominantly builds in South

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This article was written by

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We run the investing group The Insiders Forum where we specialize in small and mid-cap stocks that insiders are buying. The Insiders Forum portfolio managed by Bret Jensen consists of 12-25 top stocks in different sectors of the market that are attractively valued and have had some significant and recent insider purchases. Our goal is to outperform the Russell 2000 (the benchmark) over time.

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