M/I Homes: 3 Key Takeaways for Long-Term Investors

M/I Homes reported Q3 2026 pretax income of $87 million while facing margin pressures from rising mortgage rate buydown costs, which reduced gross margins to 21.3%. The company's mortgage subsidiary achieved a 96% capture rate of homebuyer financing. Management deployed $50 million in share repurchases while maintaining strong cash reserves and a conservative balance sheet to weather market volatility.