M/I Homes: High Mortgage Rates Cloud Earnings (Rating Downgrade)

M/I Homes stock plummeted -8% after the company's Q3 earnings due to a double miss. Housing market conditions are poor as mortgage rates have risen and remain high. MHO's sales performance reflects the fact. MHO's mortgage rate buydowns, aiming to stabilize sales, have pressured the company's margins.

Seeking Alpha • Oct 22, 2026

M/I Homes: 3 Key Takeaways for Long-Term Investors

M/I Homes generated $87 million of pretax income in the third quarter. Higher rate buydown costs reduced gross margin to 21.3%.

The Motley Fool • Oct 21, 2026

M/I Homes Q3 Earnings Call Highlights

M/I Homes NYSE: MHO reported third-quarter results that reflected softer demand and higher mortgage rates, with revenue declining 5% to $1.08 billion and pre-tax income falling 38% to $87 million. The homebuilder closed 2,241 homes during the quarter, down 2% from a year earlier, while new contracts declined 2%.

MarketBeat • Oct 21, 2026

M/I Homes, Inc. (MHO) Q3 2026 Earnings Call Transcript

M/I Homes, Inc. (MHO) Q3 2026 Earnings Call Transcript

Seeking Alpha • Oct 21, 2026

M/I Homes Reports 2026 Third Quarter Results

COLUMBUS, Ohio, Oct. 21, 2026 /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) announced results for the three and nine months ended September 30, 2026. 2026 Third Quarter Results: New contracts decreased 2% to 1,861 Homes delivered decreased 2% to 2,241 Revenue declined 5% to $1.1 billion Gross margin of 20.9%; 21.3% excluding inventory charges Pre-tax income of $87 million, including inventory charges of $5 million, down 38% Net income of $67 million ($2.56 per diluted share) versus $107 million ($3.92 per diluted share) Shareholders' equity reached a record $3.3 billion, with book value per share increasing to a record $130 Repurchased $50 million of common stock Homebuilding debt to capital ratio of 18% The Company reported pre-tax income of $86.9 million and net income of $66.6 million ($2.56 per diluted share).

PRNewsWire • Oct 21, 2026

M/I Homes (MHO) Lags Q3 Earnings and Revenue Estimates

M/I Homes (MHO) came out with quarterly earnings of $2.7 per share, missing the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $4.14 per share a year ago.

Zacks Investment Research • Oct 21, 2026

M/I Homes (MHO) Dips More Than Broader Market: What You Should Know

In the closing of the recent trading day, M/I Homes (MHO) stood at $123.48, denoting a -1.99% move from the preceding trading day.

Zacks Investment Research • Oct 14, 2026

M/I Homes (MHO) Stock Declines While Market Improves: Some Information for Investors

In the closing of the recent trading day, M/I Homes (MHO) stood at $132, denoting a -2.05% move from the preceding trading day.

Zacks Investment Research • Oct 5, 2026

M/I Homes (MHO) Declines More Than Market: Some Information for Investors

M/I Homes (MHO) concluded the recent trading session at $135.79, signifying a -1.17% move from its prior day's close.

Zacks Investment Research • Sep 29, 2026

M/I Homes Remains A Quality Play In This Rough Market

M/I Homes remains a long-term ‘buy' despite short-term underperformance and a challenging housing market. MHO's strong balance sheet, low net leverage (0.52), and relative valuation support resilience through market downturns. Recent results show declining revenue and profitability, but improved pricing power and lower cancellation rates offer encouraging signs.

Seeking Alpha • Sep 26, 2026