M/I Homes Inc. (4MI)
XDUS 
Summary
4MI Chart
M/I Homes (MHO) Exceeds Market Returns: Some Facts to Consider
M/I Homes (MHO) closed at $148.11 in the latest trading session, marking a +1.4% move from the prior day.
M/I Homes (MHO) Stock Drops Despite Market Gains: Important Facts to Note
M/I Homes (MHO) closed at $152.37 in the latest trading session, marking a -2.85% move from the prior day.
M/I Homes (MHO) Rises As Market Takes a Dip: Key Facts
In the latest trading session, M/I Homes (MHO) closed at $163, marking a +2.39% move from the previous day.
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M/I Homes Inc. Profile
| Household Durables Industry | Consumer Discretionary Sector | Robert H. Schottenstein CEO | XDUS Exchange | US55305B1017 ISIN |
| US Country | 1,760 Employees | - Last Dividend | 20 Jun 2002 Last Split | 3 Oct 1986 IPO Date |
Overview
M/I Homes, Inc., incorporated in 1976 and based in Columbus, Ohio, stands as a prominent constructor and seller of single-family residential homes across various states in the US, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company's operations are segmented into Northern Homebuilding, Southern Homebuilding, and Financial Services, showcasing a diverse approach to meeting the housing needs and preferences of its varied customer base. The company not only deals in home construction and sales but also engages in land development and financial services tailored to homebuyers, demonstrating a comprehensive business model aimed at covering a significant spectrum of the residential housing market.
Products and Services
- Single-Family Homes and Attached Townhomes
Under the M/I Homes brand, the company specializes in designing, constructing, and marketing a wide range of residential properties. These include single-family homes and attached townhomes that cater to various demographics such as first-time buyers, millennials, move-up buyers, empty-nesters, multi-generational families, and those seeking luxury homes. Each home is built with attention to detail, ensuring they meet the unique needs and preferences of different buyers.
- Land Development
M/I Homes, Inc. is also engaged in the acquisition of undeveloped land, which is then developed into lots suitable for the construction of single-family homes. This aspect of the company's business not only serves its internal needs for homebuilding but also includes the sale of developed lots to third parties, demonstrating a strategic approach to leveraging land assets for revenue generation and business expansion.
- Financial Services
To complement its homebuilding operations, M/I Homes offers an array of financial services designed to facilitate the home buying process for its customers. This includes the origination and sale of mortgages, making it easier for buyers to finance their new homes. Additionally, the company acts as a title insurance agent by providing title insurance policies, examination, and closing services, which are essential components of the real estate transaction process. This integrated approach ensures a seamless and convenient experience for homebuyers, underlining the company's commitment to customer service.
