12 Best Housing Stocks to Invest in According to Analysts

3. M/I Homes, Inc. (NYSE:MHO)

Average Upside Potential: 47.42%

M/I Homes, Inc. (NYSE:MHO) is a leading US single-family home builder with more than 40 years of experience in building quality new construction homes across the country. While the firm was founded in 1976 by Irving and Melvin Schottenstein, it has materialized the dreams of more than 150,000 homeowners over the years. The firm has a diversified customer base including first-time, move-up, luxury, and empty-nester buyers.

M/I Homes has earned itself solid repute through its focus on superior customer service, innovative design, quality construction, and premium locations. The firm favors from a promising scale and market share, with a diversified geographic footprint across 17 markets in 10 states in addition to a top 5 position in 8 markets and a top 10 position in 13 markets.

M/I Homes, Inc. (NYSE:MHO) delivered a strong third quarter of 2024, marked by solid statistics for homes delivered, revenue, and income. Homes delivered in the quarter rose 8% to a third-quarter record of 2,271 homes. MHO grew revenue by 9% to a record $1.1 billion and pre-tax income by 6% to a record $188.7 million. Moving forward, the home builder will be focusing on affordability, increasing community count as well as market share, and managing cycle time, while continuing its emphasis on core values of customer service, quality, building a better home, and improving diversity.