# Smith Douglas Homes Projects 800 to 875 Home Closings in Q4 By John Kim Canonical URL: https://www.tokenpost.com/news/business/49726 Published: 2026-11-06T02:15:57.000Z Updated: 2026-11-06T02:15:57.000Z Section: Business > The builder expects an average sales price of $310,000 to $320,000 and a home-closing gross margin of 15.5% to 16.5%. Smith Douglas Homes projected 800 to 875 home closings in the fourth quarter of 2026, with a home-closing gross margin of 15.5% to 16.5%, on its Nov. 4 earnings call. The company also forecast an average sales price of $310,000 to $320,000. Management said it would not provide 2027 guidance, citing variable demand conditions. The closing forecast follows a third quarter in which Smith Douglas closed 831 homes. Its 16.3% home-closing gross margin falls within the fourth-quarter range, which extends from 0.8 percentage point below that result to 0.2 point above it. Home-closing revenue was $262.5 million, up 0.2% from a year earlier. The company also recorded 777 net new orders, a 13% increase, and ended the quarter with a backlog of 947 homes, up 25%. Its [third-quarter results]() included those figures. CEO and Vice Chairman Greg Bennett said higher mortgage rates and affordability pressures “have weighed on buyer demand and profitability.” Its communities focus primarily on entry-level purchasers and empty nesters in Atlanta, Charlotte, Dallas-Fort Worth, Houston and Nashville. ## Links in this article - [third-quarter results](https://www.tokenpost.com/news/business/49439)