Sekisui House U.S. revenue falls 19% in third quarter as company swings to net loss

what happened

Sekisui House U.S. reported revenue of $1.24 billion for the third quarter of 2026, compared with $1.54 billion a year earlier, a drop of 19%. Net income turned into a loss of $1.71 million, after a profit of $34.12 million a year ago. The figures come from TradingView's summary of the company's 10-Q quarterly filing with the SEC.

Demand weakened noticeably. Net new orders fell 23% and monthly sales absorption dropped 31%, which the company linked to lower demand and current market conditions. Home deliveries declined 20%, but the value of the backlog rose 8% to $1.33 billion, covering 2,034 homes.

The gross margin on home sales narrowed by 120 basis points to 13.0%. The company blamed mainly higher incentives and, to a lesser extent, higher land costs. Pretax income in financial services fell 38% on fewer home closings and lower mortgage origination volume, though a gain on the sale of mortgage servicing rights partly offset the decline.

why it matters

For markets, this is a sign of softness in the US housing sector. Builders have to offer more incentives, which squeezes margins, so one company's results matter to the wider industry. A single quarter does not set a trend, but it fits a broader cooling in demand for new homes.

market impact

US homebuilders: weak orders and Sekisui House's swing to loss weigh on the sector

• ▼US homebuilder stocks pressure down — weaker orders and a swing to loss point to softer demand for new homes

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