United Homes Group board members resign amid leadership dispute
United Homes Group (UHG), a Columbia, S.C.–based homebuilder, is undergoing major leadership changes as six directors announced plans to resign following a strategic review that reaffirmed the company’s independence. The departing members, including key committee chairs, had urged Executive Chairman and controlling shareholder Michael Nieri to step down, arguing that the company’s management could better address operational challenges without his leadership. When those conditions were rejected, the directors, along with former UN Ambassador Nikki Haley and James Clements, chose to resign, citing professional and governance concerns. Despite the board shake-up, the company’s stock has performed strongly, rising over 100% in six months, supported by solid liquidity and investor confidence in its standalone strategy.
The resignations come after a special committee review explored potential mergers or sales but ultimately concluded that continuing as an independent public company was in shareholders’ best interest amid current market conditions. Operationally, UHG reported a mixed third quarter—home starts surged nearly 66%, but closings and new orders declined year-over-year. The builder, which focuses on entry-level and move-up homes across the Carolinas and Georgia, generates about $446 million in annual revenue with a 17.2% gross margin. Recent amendments to credit agreements with Wells Fargo and Kennedy Lewis reflect the company’s efforts to adjust its financial position while maintaining flexibility. As the leadership transition unfolds, UHG appears poised to recalibrate its governance and strategy for long-term growth in the competitive southeastern housing market.
