M/I Homes (MHO), a Columbus, Ohio-based single-family homebuilder, is facing significant challenges as mortgage rates exceed 7%, impacting the housing market. The company reported a year-over-year GAAP earnings decline of 25% in 2025, followed by a further 19% drop in the first half of 2026. Adjusted earnings for Q3 are projected to fall 13% since July’s report, with expectations for a 2026 decline of 19% in earnings and 5.4% in revenue.
In the second quarter, M/I Homes delivered 6% fewer homes and reported a 9% decrease in revenue. The company’s Zacks Rank is currently rated #5 (Strong Sell), reflecting ongoing downward revisions in earnings per share (EPS) forecasts, which could persist despite a predicted 8.4% growth in EPS in 2027. Investors are advised to proceed cautiously amid these market conditions.
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