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and subsidiaries is one of the nation’s leading builders of single-family homes.
−Removed: The Company commenced homebuilding activities in 1976.
+Added: The Company commenced homebuilding activities in 1976 marking 2026 as our 50th year in business.
Since that time, the Company has sold over 168,200 homes.
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Our financial services operations support our homebuilding operations by providing mortgage loans and title services to the customers of our homebuilding operations and are reported as an independent segment.
−Removed: Our homebuilding operations comprise the most significant portion of our business, representing 97% and 98% of consolidated revenue in 2024 and 2023, respectively.
+Added: Our homebuilding operations comprise the most significant portion of our business, representing 97% of consolidated revenue in 2025 and 2024.
We design, market, construct and sell single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers.
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We primarily construct homes in planned development communities and mixed-use communities.
−Removed: We are currently offering homes for sale in 220 communities and operating within 17 markets located in ten states.
+Added: As of December 31, 2025, we offered homes for sale in 232 communities located in ten states and operated within 17 markets.
Our average sales price of homes delivered during 2025 was $479,000, and the average sales price of our homes in backlog at December 31, 2025 was $547,000.
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We offer title services through subsidiaries that are 100%-owned by the Company.
−Removed: Our financial services operations accounted for 3% and 2% of our consolidated revenues in 2024 and 2023, respectively.
+Added: Our financial services operations accounted for 3% of our consolidated revenues in 2025 and 2024.
See the “Financial Services” section below for additional information regarding our financial services operations.
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Industry Overview and Current Market Conditions
−Removed: During 2024, housing market conditions remained relatively healthy despite elevated inflation and mortgage interest rates.
−Removed: In the second half of 2024, the Federal Reserve reduced interest rates three times for a total of 100 basis points.
−Removed: Despite the rate cuts by the Federal Reserve, mortgage rates continued to hover around 7% throughout 2024.
−Removed: The demographics supporting housing demand continued to be somewhat favorable as a result of a limited supply of both new and existing homes compared to the rate of household formations.
−Removed: Inventory levels in the housing market remain undersupplied due to the underproduction of new homes over the past decade and low levels of existing home resale inventory.
−Removed: On the other hand, affordability is under increasing pressure due to rising home costs.
−Removed: We offered sales incentives and mortgage interest rate buydowns in 2024 to further stimulate traffic and demand.
−Removed: We believe that the 8% increase in new contracts during 2024 compared to 2023 resulted from our sales incentives and interest rate buydown offerings and the low inventory levels in the housing market.
−Removed: In addition, supply chain and labor conditions remained stable throughout 2024 which allowed us to improve construction cycle times compared to 2023.
−Removed: With respect to current market conditions, although the level of new and existing home inventories has increased from historically low levels, the supply of homes at affordable price points is generally still limited.
−Removed: In addition, demographics supporting housing demand remain favorable and we believe that they will continue to benefit the housing industry over the long-term.
−Removed: Our use of sales incentives and mortgage interest rate buydowns in 2025 will depend on, among other things, market dynamics, including mortgage interest rates and overall housing affordability, as well as community-specific considerations, including the size and construction stage of the backlog, sales pace and lots remaining available for sale.
−Removed: We do expect some margin compression in 2025 when compared to 2024 levels as a result of the current market conditions.
−Removed: We also expect to increase our land acquisition and development investment activity in 2025 compared to 2024 to support future growth, subject to market conditions and available opportunities that meet our investment return standards.
−Removed: We will continue to prioritize managing our land spend and inventory levels of finished lots and inventory homes by balancing our development investment activity and our construction pace.
−Removed: The current demand for new homes remains subject to uncertainty due to ongoing affordability and inflation concerns, consumer confidence, labor and material costs and availability, and the current interest rate environment.
−Removed: The potential effects of these factors are uncertain and could adversely impact our operations and financial results in future periods.
−Removed: We believe that we are well positioned to manage through the evolving housing industry market conditions by focusing on our land position, new community openings, and affordable product offerings.
−Removed: We remain sensitive to potential changes in market conditions, and continue to focus on controlling overhead leverage, carefully managing our investment in land and land development spending, and judiciously offering homebuyer incentives.
−Removed: Our strong balance sheet and liquidity position should also provide us with flexibility through changing economic conditions.
−Removed: However, we cannot provide any assurances that our strategic business objectives will remain successful, and we may need to adjust elements of our strategy to address evolving market conditions more effectively.
+Added: During 2025, the housing market was challenged by affordability concerns including persistent inflation and elevated mortgage rates.
+Added: To help stimulate homebuyer traffic and sales, we offered various incentives and mortgage rate buydowns throughout the year.
+Added: We believe that demographic trends continue to support long-term housing demand, driven by limited supply of both new and existing homes relative to household formation rates.
+Added: Although the inventory of new and existing homes has increased from historically low levels, inventory levels remain constrained due to a decade of underbuilding and low resale activity.
+Added: While affordability challenges persist, supply chain and labor conditions were stable in 2025.
+Added: We expect favorable demographic trends to benefit the housing industry over the long-term.
+Added: Our use of incentives and rate buydowns in 2026 will depend on market factors such as mortgage rates and overall affordability, and community-specific considerations including backlog size, sales pace, competition, and lot availability.
+Added: We plan to continue land acquisition and development investments in 2026 to support future growth, subject to market conditions and return requirements.
+Added: We remain focused on managing land spend and inventory levels by balancing development activity with construction pace.
+Added: Demand for new homes remains uncertain due to affordability pressures, inflation, low consumer confidence, labor and material costs, and interest rate volatility.
+Added: These factors could negatively impact future operations and financial results.
+Added: Nevertheless, we believe we are well positioned to navigate evolving conditions by focusing on land strategy, new community openings, and affordable product offerings.
+Added: We will continue to manage overhead, control land and development spending, and offer incentives judiciously.
+Added: Our strong balance sheet and liquidity provide flexibility in a changing economic environment.
+Added: However, we cannot guarantee the success of our strategic objectives and may adjust our approach as market conditions evolve.
Business Strategy
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Consistent with our focus on improving long-term financial results, we expect to continue to emphasize the following strategic business objectives in 2026:
−Removed: • promote sales where necessary through interest rate buydowns and/or other incentives;
−Removed: • managing our land spend and inventory levels;
−Removed: • managing our construction cycle times;
−Removed: • opening new communities;
−Removed: • managing overhead spend;
−Removed: • maintaining a strong balance sheet and liquidity levels;
−Removed: • emphasizing customer service, product quality and design, and premier locations.
−Removed: Future economic and homebuilding industry conditions and the demand for homes are subject to continued uncertainty due to numerous factors, including the impacts of mortgage availability, inflation, interest rate increases, increasing labor and supply costs, and supply chain disruptions and labor shortages.
+Added: • employ incentives to promote sales;
+Added: • manage inventory home levels to meet homebuyer demand;
+Added: • manage land spend and maintain disciplined cost management;
+Added: • open new communities aligned with long‑term growth objectives;
+Added: • maintain a strong balance sheet and liquidity levels, and low leverage;
+Added: • continue emphasizing product quality, customer service, and premier community locations.
+Added: Future economic and homebuilding industry conditions and the demand for homes are subject to continued uncertainty due to numerous factors, including the impacts of mortgage availability, inflation, elevated mortgage interest rates, increasing labor and supply costs, and supply chain disruptions and labor shortages.
These factors are highly uncertain and outside our control.
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Sales and Marketing
−Removed: We focus our marketing efforts on first-time and move-up homebuyers, including home designs targeted to first-time, multi-generational and empty-nester homebuyers.
+Added: We focus our marketing efforts on first-time, move-up and empty-nester homebuyers with targeted home designs for each homebuyer.
We market and sell our homes under the M/I Homes brand.
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(1) homes with high quality construction located in attractive areas and desirable communities that are supported by our 10-year transferable structural warranty;
−Removed: (2) our Whole Home Building Standards, which are designed to deliver features and benefits that satisfy the buyer’s expectation for a better-built home, including a more eco-friendly and energy efficient home that we believe will generally save our customers up to 30% on their energy costs compared to a home that is built to minimum code requirements;
+Added: (2) our Whole Home Building Standards, which are designed to deliver features and benefits that satisfy the buyer’s expectation for a better-built home, including a more eco-friendly and energy efficient home that we believe will save our customers up to 30% on their energy costs compared to a home that is built to minimum code requirements;
(3) our onsite and online Design Studios and Design Consultants that assist our homebuyers in selecting product and design options;
(4) fully furnished model homes and highly-trained sales consultants to build the buyer’s confidence and enhance the quality of the homebuying experience;
−Removed: (5) our mortgage financing programs that we offer through M/I Financial, including competitive fixed-rate and adjustable-rate loans and, in certain cases, interest rate buydown incentives;
+Added: (5) our mortgage financing programs that we offer through M/I Financial, including competitive fixed-rate and adjustable-rate loans and, in certain cases, mortgage interest rate buydown incentives;
(6) our Ready Now Homes program which offers homebuyers the opportunity to close on certain new homes in 90 days or less;
and (7) our unwavering focus on customer care and customer satisfaction.
−Removed: By offering energy-efficient homes to our customers, we enable our homebuyers to save on their energy costs (the second largest cost of home ownership) compared to a home that is built to minimum code requirements, while also contributing to the reduction of greenhouse gas emissions and potential climate change impacts.
−Removed: We use independent RESNET-Certified Raters and the HERS (Home Energy Rating System) Index, the national standard for energy efficiency, to measure the performance of our homes, including insulation, ventilation, air tightness, and the heating and cooling system.
−Removed: Our average scores are generally lower (and, therefore, better) than the Environmental Protection Agency’s Energy Star target standard of 72-75 or the average score for a resale home (130 or higher).
−Removed: These lower HERS scores translate to not only reduced heating and cooling costs for our homebuyers, but also reduced energy usage compared to an average resale home, and therefore a lower environmental impact.
−Removed: To further enhance the homebuying process, we operate Design Studios in some markets.
+Added: By offering energy-efficient homes to our customers, we enable our homebuyers to save on their energy costs (the second largest cost of home ownership) compared to a home that is built to minimum code requirements.
+Added: We use the HERS (Home Energy Rating System) Index, the national standard for energy efficiency, to measure the performance of our homes, including insulation, ventilation, air tightness, and the heating and cooling system.
+Added: To further enhance the homebuying process, we operate Design Studios in most of our markets.
Our Design Studios allow our homebuyers to select from a variety of product and design options that are available for purchase as part of the original construction of their homes.
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Our company-employed sales consultants are trained and prepared to meet the buyer’s expectations and build the buyer’s confidence by fully explaining the features and benefits of our homes, helping each buyer determine which home best suits the buyer’s needs, explaining the construction process, and assisting the buyer in choosing the best financing option.
−Removed: We give significant attention to the ongoing training of all sales personnel to assure a high level of professionalism and product knowledge.
As of December 31, 2025, we employed 293 home sales consultants.
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We maintain a level of inventory homes in each community based on our current and planned sales pace and construction capacity, and we monitor and adjust inventory homes on an ongoing basis as conditions warrant.
+Added: We may continue to use mortgage interest rate buydown programs to mitigate the affordability concerns of homebuyers.
+Added: We actively manage inventory levels to ensure the availability of inventory homes.
+Added: A higher percentage of inventory home sales can impact the number of homes in backlog and backlog conversion rate due to the shortened sale-to-delivery timeline of inventory home sales as compared with dirt sales.
+Added: In the fourth quarter of 2025, 40% of our deliveries consisted of inventory homes sold and delivered in the same quarter.
We seek to keep our homebuyers actively involved in the construction of their new home by communicating with them throughout the design and construction process.
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We use our social media presence to communicate to potential homebuyers the experiences of customers who have purchased our homes and to provide content about our homes and design features.
+Added: In 2026, we are celebrating 50 years as one of the nation’s leading homebuilders.
+Added: Our messaging relating to this milestone aims to build confidence and trust with our homebuying customers.
+Added: We will promote this brand distinction in digital and traditional media outlets, with a focus on the long standing mission of our company:
+Added: treating our customers right.
Product Lines, Design and Construction
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We regularly review the plans offered in each of our divisions to ensure that our home designs are still relevant and appropriate for that particular market.
−Removed: Across all of our divisions, we currently offer over 500 different floor plans designed to reflect current lifestyles and design trends.
+Added: Across all of our divisions, we currently offer about 600 different floor plans designed to reflect current lifestyles and design trends.
Work-from-home needs for potential homebuyers remain an important planning tool for us, and we will continue to design and offer in-home spaces that are bright, functional and bring value to our buyers.
We also continue to develop new floor plans and communities specifically for the growing empty-nester market.
−Removed: These plans (primarily ranch and main floor master bedroom type plans) focus on move-down buyers, are smaller in size, and feature outdoor living potential, fewer bedrooms, and improved community amenities.
+Added: These plans (primarily ranch and main floor primary bedroom type plans) focus on move-down buyers, are smaller in size, and feature outdoor living potential, fewer bedrooms, and improved community amenities.
Our homebuilding divisions often share successful floor plans with other divisions, when appropriate.
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In some cases where commercial and office developments are in less demand, we see potential to rezone to a higher density multi-family solution.
−Removed: As affordability remains a key driver of sales, our “Smart Series” has remained important and represented approximately 52% of our total sales for the year ended December 31, 2024.
+Added: As affordability remains a key driver of sales, our “Smart Series” has remained important and represented approximately 52% of our total homes sold for the year ended December 31, 2025.
Our “Smart Series” is market specific and intended to offer buyers excellent value, desirable locations, and pre-selected packages of upgraded finishes and appliances.
−Removed: The “Smart Series” targets
−Removed: entry-level and move-down buyers and focuses significant attention on affordability, livability and design flexibility.
+Added: The “Smart Series” targets entry-level and move-down buyers and focuses significant attention on affordability, livability and design flexibility.
We continue to increase our multi-family Smart Series offerings in several of our divisions.
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We generally employ subcontractors to install site improvements and construct homes.
−Removed: The construction of each home is supervised by a personal Construction Manager who reports to an Area Production Manager, both of whom are employees of the Company.
+Added: The construction of each home is supervised by a personal Construction Manager who reports to an Area Construction Manager, both of whom are employees of the Company.
Our personal Construction Managers manage the scheduling and construction process.
Our subcontractors perform pursuant to written agreements that require them to comply with all applicable laws and labor practices, follow local building codes and permits, and meet performance, warranty, and insurance requirements.
−Removed: The agreements generally specify a fixed price for labor and materials and provide price protection for a majority of the higher-cost phases of construction for homes in our backlog.
+Added: The agreements generally specify a fixed price for labor and materials and provide price protection for a majority of the higher-cost phases of construction for homes under construction.
For our buyers who are not interested in purchasing an inventory home (homes started in the absence of an executed contract), we begin construction on the home after we obtain a sales contract and preliminary written confirmation from the buyer’s lender that financing should be approved.
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Of the total number of homes closed in 2025 and 2024, 68% and 60%, respectively, were inventory homes which include both homes started as inventory homes and homes that started under a contract that were later cancelled and became inventory homes as a result.
−Removed: The increase in the percentage of inventory homes closed in 2024 compared to 2023 was due to higher demand and more selective incentives offered on inventory homes compared to new builds.
−Removed: The incentives we offered on inventory homes in 2024 were based on community level market conditions and we may decide to discontinue such incentives in 2025 depending on how market conditions evolve.
+Added: Our desire to meet the higher demand for inventory homes that offered quick move-ins and more selective incentives compared to new builds led to an increase in the percentage of inventory homes delivered in 2025 compared to 2024.
+Added: The incentives we offered on inventory homes in 2025 were based on community level market conditions and we may decide to change or discontinue such incentives in 2026 depending on how market conditions evolve.
We sell our homes under standard purchase contracts, which generally require a homebuyer deposit at the time of signing the contract.
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Ending backlog represents the number of homes in backlog from the previous period plus the number of net new contracts (new contracts for homes less cancellations) generated during the current period minus the number of homes delivered during the current period.
−Removed: The backlog at any given
−Removed: time will be affected by cancellations.
+Added: The backlog at any given time will be affected by cancellations.
Due to the seasonality of the homebuilding industry, the number of homes delivered has historically increased from the first to the fourth quarter in any year.
−Removed: As of December 31, 2024, we had a total of 2,531 homes in backlog with an aggregate sales value of $1.4 billion, in various stages of completion, including homes that are under contract but for which construction had not yet begun.
+Added: As of December 31, 2025, we had a total of 1,809 homes in backlog with an aggregate sales value of $989.9 million, in various stages of completion, including homes that are under contract but for which construction had not yet begun.
As of December 31, 2024, we had a total of 2,531 homes in backlog with an aggregate sales value of $1.4 billion.
Homes included in year-end backlog are typically included in homes delivered in the subsequent year.
−Removed: The decrease in backlog compared to prior year is due to more inventory homes being sold in the fourth quarter of 2024 due to the sales incentives, such as mortgage rate buydowns we offered.
+Added: The decrease in backlog compared to prior year is primarily attributable to a decrease in new contracts driven by lower homebuyer demand and more inventory homes being both sold and delivered in the fourth quarter of 2025 due to the sales incentives, such as mortgage interest rate buydowns we offered on inventory homes.
+Added: Homes sold and delivered in the same quarter represented 40% and 28% of the total homes delivered in the fourth quarter of 2025 and 2024, respectively.
We provide certain warranties in connection with our homes and also perform inspections with the buyer of each home immediately prior to delivery and as needed after a home is delivered.
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In the case of the structural warranty, we also employ an actuary to assist in the determination of our future costs on an annual basis.
−Removed: Our warranty expense was approximately 0.7%, 0.6% and 0.7% of total housing revenue in 2024, 2023 and 2022, respectively.
+Added: Our warranty expense (including the warranty claims in 2025 in two of our Florida communities primarily relating to attic ventilation issues discussed in Note 8 to our Consolidated Financial Statements) was approximately 0.8%, 0.7% and 0.6% of total housing revenue in 2025, 2024 and 2023, respectively.
Land Acquisition and Development
We continuously evaluate land acquisition opportunities in the normal course of our homebuilding business, and we focus on both replenishing our lot positions and adding to our lot positions in key submarkets to expand our market share.
−Removed: Our goal is to maintain an approximate three to five-year supply of lots, including lots controlled under option contracts and purchase agreements, which we believe provides an appropriate horizon for addressing regulatory matters and land development and the subsequent build-out of the homes in each community, and allows us to manage our business plan for future home deliveries.
+Added: Our goal is to
+Added: maintain an approximate three to five-year supply of lots, including lots controlled under option contracts and purchase agreements, which we believe provides an appropriate horizon for addressing regulatory matters and land development and the subsequent build-out of the homes in each community, and allows us to manage our business plan for future home deliveries.
We are focused on adding land positions in desirable locations in a cost-effective manner that is responsive to changing market conditions and growing our market share and community count in our existing markets.
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Further details relating to our land option agreements are included in Note 8 to our Consolidated Financial Statements.
−Removed: In 2024, we developed over 80% of our lots internally, primarily due to a lack of availability of developed lots in desirable locations in our markets.
+Added: In 2025, we developed over 80% of our lots internally, primarily due to a lack of available developed lots in desirable locations in our markets.
Raw land that requires development generally remains more available.
In order to minimize our investment and risk of large exposure in a single location, we have periodically partnered with other land developers or homebuilders to share in the cost of land investment and development through joint ownership and development agreements, joint ventures, and other similar arrangements.
−Removed: For joint venture arrangements where a special purpose entity is established to
−Removed: own the property, we enter into limited liability company or similar arrangements (“LLCs”) with the other partners.
+Added: For joint venture arrangements where a special purpose entity is established to own the property, we enter into limited liability company or similar arrangements (“LLCs”) with the other partners.
Further details relating to our joint venture arrangements are included in Note 6 to our Consolidated Financial Statements.
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In situations where we believe targeted returns are no longer likely to be achieved, we may choose to terminate certain land purchase contracts which may result in write-offs of deposits and/or pre-acquisition costs.
+Added: During 2025, we recorded $11.8 million in write-offs of land deposits and pre-acquisition costs.
The following table sets forth our land position in lots (including lots held in joint venture arrangements) at December 31, 2025:
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Our financial services operations compete with other mortgage lenders to arrange financing for homebuyers.
−Removed: Principal competitive factors include pricing, mortgage loan terms, underwriting criteria, interest rates, customer service and other features of mortgage loan products available to the consumer.
+Added: Principal competitive factors include pricing, mortgage loan terms, underwriting criteria, mortgage interest rates, customer service and other features of mortgage loan products available to the consumer.
Government Regulation and Environmental Matters
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Environmental laws and existing conditions may result in delays, cause us to incur substantial compliance and other costs and prohibit or severely restrict homebuilding activity in environmentally sensitive areas.
−Removed: For instance, the SEC has proposed extensive climate-related disclosure rules, which, if adopted, would likely impose significant compliance costs on us.
Environmental costs and accruals were not material to our operations, cash flows or financial position in 2025, 2024 or 2023.
Our homebuilding operations are also subject to various local, state and federal statutes, ordinances, rules and regulations concerning building, zoning, design, construction, sales, consumer protection and similar matters.
−Removed: These regulations increase the cost to produce and market our homes and, in some instances, delay our ability to develop and finish lots and can present a similar challenge for the timely delivery of finished lots to us by outside developers.
+Added: These regulations increase
+Added: the cost to produce and market our homes and, in some instances, delay our ability to develop and finish lots and can present a similar challenge for the timely delivery of finished lots to us by outside developers.
Counties and cities in which we build homes have at times declared moratoriums on the issuance of building permits and imposed other restrictions in the areas in which sewage treatment facilities and other public facilities do not reach minimum standards.
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Our financial services operations also experience seasonality because their loan originations correspond with the delivery of homes in our homebuilding operations.
+Added: Additionally, short-term volatility in the homebuilding industry and in the overall economy may, from time to time, affect our quarter-to-quarter results, similar to 2025.
Human Capital
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We recognize the value of creating a collaborative, inclusive workplace, and to help foster such an environment, we promote a culture of mutual understanding and respect among employees, customers and building partners.
−Removed: We are committed to a culture of diversity, equity and inclusion (“DEI”).
−Removed: In 2020, we established a Diversity, Equity and Inclusion Committee (the “DEI Committee”) which is comprised of certain members of our executive team and senior leaders in our human resources department and our mortgage and business operations divisions.
−Removed: The DEI Committee is responsible for developing the guiding principles of our diversity, equity and inclusion program and a strategy to further these principles and achieve our goals.
−Removed: We believe in developing each employee’s professional skill set and promoting career development.
+Added: We pay our employees competitively and offer a comprehensive set of benefits to full-time employees, including a 401(k) Profit Sharing Plan to help employees plan for retirement, which we believe are competitive with others in our industry.
+Added: We prioritize employee development and seek to align career aspirations with suitable opportunities.
Our operating divisions assign training to our employees based upon their particular roles and responsibilities.
In addition, all of our employees must adhere to our code of conduct and participate in mandatory company-wide training sessions to ensure all employees follow the same set of safety and ethical standards.
−Removed: These training sessions cover topics such as workplace safety, cyber security, risk mitigation, unconscious bias, harassment, and discrimination.
−Removed: We pay our employees competitively and offer a comprehensive set of benefits to full-time employees, including a 401(k) Profit Sharing Plan to help employees plan for retirement, which we believe are competitive with others in our industry.
−Removed: More information regarding our human capital programs and initiatives can be found in the “Our Employee Focus,” “Diversity, Equity, and Inclusion” and “Safety and Training” sections of our Environmental, Social and Governance Report.
−Removed: A copy of our Environmental, Social and Governance Report is available on our website at www.mihomes.com under the “Investors” heading.
−Removed: Information on our website, including the Environmental, Social and Governance Report, is not incorporated by reference in or otherwise considered a part of this Annual Report on Form 10-K.
−Removed: Environmental, Social and Governance
−Removed: During 2024, our environmental, social and governance (“ESG”) working group (which we formed in 2020 and is comprised of certain members of our leadership team and other members from a cross section of the Company) continued to focus on advancing our ESG practices and reporting.
−Removed: Among other things, the ESG working group continued to evaluate the impact of our business on the environment and how our actions contribute to environmentally responsible sustainability (including through green space preservation and dedication, redevelopment and infill activities, prioritizing development of locations with proximity to infrastructure and incorporation of energy efficient inputs and technology and building standards), the potential impact of climate change on our business, our human capital management policies and practices (including our DEI and employee engagement and safety initiatives), our community engagement and our corporate governance practices.
−Removed: We periodically evaluate the potential impact of climate change and other environmental-related risks on our business.
−Removed: We also seek to limit the impact of our business on the climate by:
−Removed: (1) purchasing sustainable and energy efficient inputs;
−Removed: (2) using efficient construction techniques to reduce construction cycle time and material spoliation;
−Removed: (3) locating our communities in infill or redevelopment areas, where possible;
−Removed: and (4) building energy efficient homes.
−Removed: In 2024, we also published our annual Environmental, Social and Governance Report which provides detailed information regarding our ESG policies, initiatives and strategies and includes certain quantifiable performance indicators for 2023.
−Removed: These performance indicators were largely based on the Sustainability Accounting Standards Board industry-specific standards.
−Removed: We believe our Environmental, Social and Governance Report demonstrates our commitment to integrate sustainable values into our company and business.
−Removed: A copy of our Environmental, Social and Governance Report is available on our website at www.mihomes.com under the “Investors” heading.
−Removed: Information on our website, including the Environmental, Social and Governance Report, is not incorporated by reference in or otherwise considered a part of this Annual Report on Form 10-K.
+Added: These training sessions cover topics such as workplace safety, ethics, cyber security, risk mitigation and anti-harassment.
Available Information
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We make available, free of charge, on or through our website, our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) of the Exchange Act as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.
−Removed: Our website also includes printable versions of our Corporate Governance Guidelines, our Code of Business Conduct and Ethics, and the charters for each of our Audit, Compensation, and Nominating and Governance Committees.
+Added: Our website also includes printable versions of our Corporate Governance Guidelines,
+Added: our Code of Business Conduct and Ethics, and the charters for each of our Audit, Compensation, and Nominating and Governance Committees.
The contents of our website are not incorporated by reference in, or otherwise made a part of, this Annual Report on Form 10-K.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.