M/I Homes
M/I Homes is a publicly traded U.S. homebuilder (NYSE: MHO) founded in 1976 and headquartered in Columbus, Ohio, that constructs and sells single-family homes and townhomes directly to residential buyers across 17 U.S. markets, with over 170,000 homes built to date and a roughly 50,000-lot land supply.
- Company typePublic
- Founded1976
- HeadquartersColumbus, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingHardware or Manufacturing
What M/I Homes does
M/I Homes, Inc. is a publicly traded U.S. homebuilder (NYSE: MHO) founded in 1976 and headquartered in Columbus, Ohio. The company constructs and sells single-family homes and townhomes across 17 markets spanning the Midwest, Southeast, and Texas, with current operations in Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas/Fort Worth, Dayton, Detroit, Fort Myers/Naples, Houston, Indianapolis, Minneapolis/St. Paul, Nashville, Orlando, Raleigh, San Antonio, Sarasota, and Tampa. As of its 2026 50th anniversary, M/I Homes has built over 170,000 homes and maintains approximately 50,000 owned or controlled lots representing 5-6 years of land supply. Its product portfolio includes the Smart Series entry-level line, Quick Move-In Homes, Community Living townhome developments, financing services, a Design Studio personalization offering, and a Transferable Structural Warranty.
The business operates a direct-to-consumer go-to-market model through model home communities in each market, supplemented by a multi-channel digital marketing presence and real estate agent referral partnerships. Revenue is generated one-time at point of home sale with no recurring component; average closing prices were approximately $459,000 in Q1 2026. Q1 2026 revenue was $921M (down 6% YoY) with gross margin of 22% (down 390 bps), backlog of 2,245 units valued at $1.20B (down 21% and 23% YoY respectively), and a balance sheet featuring $767M cash, zero borrowings on a $900M credit facility, and $3.2B in shareholders' equity. The customer base is highly fragmented across entry-level, first-time, 55+ active adult, downsizer, and affordable housing segments served exclusively through individual residential transactions.
Operationally, M/I Homes has partnered with Prophetic to deploy an AI-native land acquisition platform intended to compress zoning, feasibility, and diligence cycles across markets. The company has also pursued a joint venture with Habitat Company to deliver 227 townhomes including affordable units at The Bowery of Highland Park, Illinois, and in May 2026 added Eugene D. (Gene) Smith to its Board of Directors. Prior growth has included bolt-on acquisitions of Pinnacle Homes (2018) and Hans Hagen Homes (2015). Market capitalization stood at approximately $3.57B as of January 2026.
M/I Homes firmographics
Firmographics- Name
- M/I Homes
- Legal name
- M/I Homes, Inc.
- Website
- https://mihomes.com
- Company type
- Public
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- M/I Homes is a publicly traded U.S. homebuilder (NYSE: MHO) founded in 1976 and headquartered in Columbus, Ohio, that constructs and sells single-family homes and townhomes directly to residential buyers across 17 U.S. markets, with over 170,000 homes built to date and a roughly 50,000-lot land supply.
- Ownership category
- akta.pro rank
M/I Homes industry classification
Industry- Product category
- Residential Homebuilding
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Custom Home Building (IMAFABAC)
Keywords
Where M/I Homes is headquartered
LocationHeadquarters
- HQ city
- Columbus
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
M/I Homes business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Home Sales Revenue: M/I Homes generates revenue primarily through the sale of newly constructed single-family homes and townhomes. The company builds and sells homes across 17 U.S. markets, with average closing prices around $459,000. Revenue is one-time at point of sale with no recurring component from individual transactions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
M/I Homes product offering
Product offeringCore offering
M/I Homes builds and sells newly constructed single-family homes and townhomes across 17 U.S. metropolitan markets (Columbus, Cincinnati, Indianapolis, Chicago, Tampa, Austin, Houston, Dallas/Fort Worth, Raleigh, Charlotte, Orlando, San Antonio, Sarasota, Fort Myers/Naples, Minneapolis/St. Paul, Detroit, Dayton, Nashville). The company offers Quick Move-In homes for near-term occupancy, build-to-order homes with personalized Design Studio consultation, and the Smart Series entry-level product line with pre-selected affordable options, supplemented by in-house financing assistance and a transferable structural warranty.
Product overview
M/I Homes is a national homebuilder celebrating its 50th year in business, operating as a single unified product line (new home construction) augmented by sub-brands and services. The core offering encompasses single-family homes and townhomes built across 17 U.S. markets, supported by the Smart Series entry-level product line, Quick Move-In Homes pre-construction option, and Community Living townhome communities. The company supplements its homebuilding with Design Studio personalization services, financing assistance, and a Transferable Structural Warranty. M/I Homes has also partnered with Prophetic to deploy an AI-native land acquisition platform across its markets, consolidating parcel discovery, zoning analysis, regulatory review, market intelligence, and pipeline management into a unified system.
Differentiator
Problem solved
Functional benefit
Brands
- Smart Series: A package of design options handpicked in advance for a more affordable and seamless design process, targeting first-time homebuyers and those looking to downsize
- Smart Series
Products and services
- New Home Construction Core new-build single-family home and townhome construction across 17 U.S. markets, with options for custom design, Quick Move-In homes, and planned community developments. Targeted at individual homebuyers seeking a primary residence.
- Smart Series Entry-level product line of pre-selected, affordably priced design options packaged in advance for a streamlined design and buying experience; targeted at first-time homebuyers and downsizers.
- Quick Move-In Homes Pre-built or near-completion homes available for immediate occupancy across M/I Homes' communities, allowing buyers to bypass the typical construction timeline.
- Design Studio Personalized home design consultation service in which experienced Design Consultants curate customized interior and structural design options for buyers of build-to-order homes.
- Financing Services In-house and partner mortgage and financing assistance to help homebuyers secure funding for their new home purchase, including support for first-time buyers.
- Transferable Structural Warranty Comprehensive structural warranty provided with each M/I Homes home, transferable to subsequent homeowners, covering structural elements of the property.
- The Bowery of Highland Park Townhome Development A 227-unit townhome development in Highland Park, Illinois, developed in partnership with Habitat Company, including 34 affordable housing units per inclusionary zoning requirements; land closing expected spring 2026 with groundbreaking in second half of 2026.
Quantifiable outcome
- 50,000 owned or controlled lots representing 5-6 years of land supply
- +2 more outcomes
Companies that use M/I Homes
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles3 records
M/I Homes technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
M/I Homes partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- PropheticcoreM/I Homes engaged Prophetic, a Portland-based AI-native technology provider, to deploy software for land evaluation and acquisition across single-family homebuilding operations. The platform consolidates parcel discovery, regulatory and environmental analysis, competitive market analysis, yield estimates, and pipeline management into a unified system designed to compress weeks of work into minutes and shorten the diligence cycle without adding headcount.
- Habitat CompanycoreHabitat Company partnered with M/I Homes on a joint venture to develop 227 townhomes called The Bowery of Highland Park on the former Solo Cup manufacturing site in Highland Park, Illinois. The project includes 34 affordable housing units per inclusionary zoning requirements and represents the largest housing project in the village in generations. Land closing expected spring 2026 with groundbreaking in second half of 2026.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
M/I Homes competitors and assessment
Company assessmentDirect peers
- D.R. Horton: Largest U.S. homebuilder by volume and the industry benchmark, building single-family homes and townhomes across most U.S. metro markets. Closest comparable to M/I Homes by product mix, buyer base, and national footprint.
- Lennar Corporation: Top-three U.S. for-sale homebuilder offering single-family homes and townhomes to entry-level, move-up, and active-adult buyers nationally. Directly competes with M/I Homes across many Sun Belt and Midwest markets.
- PulteGroup: National homebuilder operating Centex, Pulte, and Del Webb brands across entry-level, move-up, and 55+ segments. Comparable customer segmentation and product breadth to M/I Homes.
- NVR, Inc. Highly capital-efficient for-sale homebuilder with a build-to-order model across the Mid-Atlantic, Midwest, and Southeast. Closely comparable business model to M/I Homes' build-to-order and quick move-in hybrid strategy.
- Taylor Morrison Home: Top-five U.S. homebuilder offering single-family homes and active-adult communities in Sun Belt and Western markets. Direct competitor in M/I's Florida, Texas, and Carolinas footprint.
- Toll Brothers: National for-sale homebuilder focused on move-up and luxury segments across urban and suburban markets. Comparable for-sale builder operating model with a heavier move-up tilt than M/I.
- KB Home: West Coast-anchored for-sale homebuilder emphasizing build-to-order, energy efficiency, and affordability. Comparable buyer focus and build-to-order orientation to M/I Homes.
- Meritage Homes: Top-ten U.S. homebuilder operating in Sun Belt and Western states with a strong entry-level focus and energy-efficiency positioning. Highly comparable to M/I Homes' entry-level and geographic strategy.
- Tri Pointe Homes: Mid-cap for-sale homebuilder serving move-up and premium buyers in select California, Sun Belt, and Mid-Atlantic markets. Comparable for-sale builder with overlapping buyer segments.
- Century Communities: Top-ten U.S. for-sale homebuilder concentrated in entry-level and value-priced product across Mountain West, Southwest, and Southeast regions. Directly comparable entry-level tilt and Sun Belt presence.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights6 records
Customer concentration
M/I Homes social profiles
Digital presenceM/I Homes financial estimates
Financial estimateRevenue estimate
Valuation estimate
M/I Homes leadership team
Management profileNumber of profiles
Profiles4 records
M/I Homes funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
M/I Homes M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about M/I Homes
What does M/I Homes do?
M/I Homes builds and sells newly constructed single-family homes and townhomes across 17 U.S. metropolitan markets (Columbus, Cincinnati, Indianapolis, Chicago, Tampa, Austin, Houston, Dallas/Fort Worth, Raleigh, Charlotte, Orlando, San Antonio, Sarasota, Fort Myers/Naples, Minneapolis/St. Paul, Detroit, Dayton, Nashville). The company offers Quick Move-In homes for near-term occupancy, build-to-order homes with personalized Design Studio consultation, and the Smart Series entry-level product line with pre-selected affordable options, supplemented by in-house financing assistance and a transferable structural warranty.
Is M/I Homes a public or private company?
M/I Homes is a public company. It is classified as public and is currently operating.
When was M/I Homes founded?
M/I Homes was founded in 1976. It employs 1,001 to 5,000 people.
Where is M/I Homes based?
M/I Homes is headquartered in Columbus, United States, in the North America region.
How does M/I Homes make money?
One revenue line is on record: home Sales Revenue.
Who are M/I Homes's main competitors?
Direct peers on record are D.R. Horton, Lennar Corporation, PulteGroup, NVR, Inc., Taylor Morrison Home, Toll Brothers, KB Home, Meritage Homes, Tri Pointe Homes and Century Communities.
Does M/I Homes have an API?
No public API is recorded for M/I Homes.
What industry is M/I Homes in?
M/I Homes's product category is Residential Homebuilding. Its primary akta.pro industry code is IMAFABAC, Custom Home Building. Its NAICS code is 236117 and its SIC code is 1520.