# M/I Homes, Inc.

> M/I Homes is a Columbus-based public homebuilder that designs, develops, constructs and sells single-family homes and townhomes across 17 U.S. markets. Its model extends beyond the build: buyers can use company design studios, a construction-tracking app, mortgage programs through M/I Financial, title and closing services, customer care and a transferable structural warranty. Founded by cousins Melvin and Irving Schottenstein in 1976, the company marked its 50th year in 2026 after selling more than 168,000 homes and generating $4.42 billion in 2025 revenue.

- **Founded:** 1976
- **Headquarters:** Columbus, United States
- **Founders:** Melvin Schottenstein (Co-founder), Irving Schottenstein (Co-founder)
- **Team size:** 1,801 employees, including part-time employees, as of December 31, 2025
- **Products:** Single-family homes and townhomes, M/I Financial, Title and closing services, Design Studios and Online Design Center, Ready Now Homes
- **Notable:** Reached its 50th year in business in 2026., Sold more than 168,200 homes through the end of 2025; the company website subsequently described more than 170,000 homes built., Generated $4.418 billion in 2025 revenue and $402.9 million in net income.

## Products & services

- **Single-family homes and townhomes** — New attached and detached homes across 17 markets, with offerings for first-time, move-up, empty-nester and luxury buyers.
- **M/I Financial** — A wholly owned mortgage operation offering conventional, FHA, VA, USDA and other home-financing programs, including rate-buydown incentives in some cases.
- **Title and closing services** — Company-owned title agencies coordinate title insurance and closing services primarily for M/I homebuyers.
- **Design Studios and Online Design Center** — In-person consultants and online tools help buyers select finishes and options suited to their budget and preferences.
- **Ready Now Homes** — Inventory homes designed to let some buyers close on new construction within 90 days or less.
- **Journey app** — A digital customer experience with milestone notices, construction photos, checklists and access to contracts and related documents.
- **Warranty and customer care** — A package that includes one-year customer-care coverage, manufacturer coverage and a 10-year transferable structural warranty, subject to local terms.

## Achievements

- Reached its 50th year in business in 2026.
- Sold more than 168,200 homes through the end of 2025; the company website subsequently described more than 170,000 homes built.
- Generated $4.418 billion in 2025 revenue and $402.9 million in net income.
- Ended 2025 with record shareholders' equity of $3.2 billion and zero borrowings on a $900 million homebuilding credit facility.
- Reported a second-quarter record 2,387 new contracts in 2026, up 15% year over year.
- Dallas division named Builder of the Year for the sixth time at the 2026 McSAM Awards.
- Chicago division named 2025 Developer of the Year - Suburbs by Chicago Agent Magazine.
- Named Best of Business by Columbus CEO magazine for eight consecutive years, according to the company.
- Listed on the New York Stock Exchange in 1993.

## Latest updates

- **2026-07** — Second-quarter new contracts rose 15% to a record 2,387, while deliveries fell 6%, quarterly revenue fell 9% to $1.063 billion and gross margin was 22%.
- **2026-06** — M/I Homes engaged Prophetic to support land evaluation with an AI-native system covering parcel discovery, zoning, site planning, environmental review and pipeline management.
- **2026-05** — The Dallas-Fort Worth division received its sixth Builder of the Year honor at the 2026 McSAM Awards.
- **2026-04** — First-quarter contracts rose 3% while revenue fell 6%; the company reported $767 million in cash and no borrowings under its $900 million credit facility.
- **2026-03** — The company announced that director Norman L. Traeger would retire when his term expired in May after serving on the board since 1997.
- **2026-01** — M/I reported 2025 revenue of $4.4 billion, 8,921 deliveries, $403 million in net income and record shareholders' equity of $3.2 billion.

## Links

- Website: https://www.mihomes.com
- LinkedIn: https://www.linkedin.com/company/mihomes
- Twitter/X: https://twitter.com/mihomes
- YouTube: https://www.youtube.com/channel/UCMzxb_Gqvdj-WKC5Wrw5C5A/videos
- Instagram: https://www.instagram.com/mihomes/
- Facebook: https://facebook.com/MIHomesInc/

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Profile page: https://yespress.io/m-i-homes-inc
Published by YesPress — https://yespress.io
Last updated: 2026-08-11