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GREEN BRICK PARTNERS Exhibit 99 GREEN BRICK PARTNERS , INC . REPORTS RECORD THIRD QUARTER 2021 RESULTS RECORD HOME CLOSINGS REVENUES OF $ 338.9 MILLION , UP 28.4 % INCOME BEFORE TAXES OF $ 65.2 MILLION , UP 41.9 % RECORD BACKLOG OF $ 1,017.2 MILLION , UP 83.9 % HOME BUILDING GROSS MARGIN UP 210 BPS RECORD LOTS OWNED AND CONTROLLED UP 101.8 % PLANO , Texas , November 2 , 2021 — Green Brick Partners , Inc. ( Nasdaq : GRBK ) ( “ we , ” “ Green Brick " or the " Company " ) today reported record results for its third quarter ended September 30 , 2021 . “ Our third quarter income of $ 48.5 million was a record for any third quarter , ” said Jim Brickman , CEO and Co - Founder . " The average sales price of a home in our backlog is up 20.8 % over the prior year and 7.2 % over Q2 2021. Despite rising input costs , we believe that our focus on price over pace will continue to sustain our industry - leading margins and strong financial performance . " " After we saw the huge upward shift in demand in June 2020 , our land teams did a fantastic job of quickly pivoting to acquire well located land . As a result , during the last twelve months our lot position grew over 100 % to 24,354 owned and controlled lots . With our record $ 1 billion backlog , leading margins , and superior lot position , Green Brick is extremely well positioned to grow our business in 2022 and beyond . At the end of the third quarter , we now have a record 863 spec homes , up nearly 50 % year - over - year , included in our record 2,555 homes under construction . Most of our homes under construction should convert to closings over the next three quarters . The sale and closing of the increased number of spec homes will allow us to capture the most current price increases and to maximize profitability . " Results for the Quarter Ended September 30 , 2021 : For the quarter ended September 30 , 2021 , our residential units revenue and backlog reflect a record for any quarter since the Company's inception . Homes under construction and lots owned and controlled also represent a Company record as of the end of any quarter . ( Dollars in thousands , except per share data ) New homes delivered Total revenues Total cost of revenues Three Months Ended September 30 , 2021 2020 Increase 738 622 18.6 % 342,340 $ 275,821 251,004 207,935 24.1 % 20.7 % Total gross profit Income before income taxes Net income attributable to Green Brick Partners , Inc. Diluted net income attributable to Green Brick Partners , Inc. per share $ SASASSA $ 91,336 $ 67,886 34.5 % $ 65,158 $ 45,923 41.9 % $ 48,507 $ 34,819 39.3 % 0.95 $ 0.68 39.7 % Residential units revenue $ 338,900 $ 263,885 28.4 % Homebuilding gross margin percentage 26.9 % 24.8 % 210 bps Backlog $ 1,017,220 $ Lots owned and controlled Homes under construction 24,354 2,555 553,058 12,066 83.9 % 101.8 % 1,361 87.7 % 1