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Stock impact report

Meritage Homes announces continued strong order growth through August 2019

Meritage Homes Corporation (MTH) 
Last meritage homes corporation earnings: 4/28 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.meritagehomes.com
Company Research Source: GlobeNewswire
SCOTTSDALE, Ariz., Sept. 17, 2019 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE: MTH) announced preliminary total orders for July and August 2019 in advance of meetings with investors this week. Orders through the first two months of the third quarter 2019 totaled 1,549, 24% more than the total for the same two months of 2018. The growth was primarily a result of higher absorptions per community on slightly fewer communities than a year ago. Reflecting the Company’s strategic concentration on entry-level and first move-up homes, the increase in absorptions was consistent with a greater percentage of entry-level communities with higher average absorptions this year compared to last year. The Company will report its full third quarter 2019 results in October and is not updating its guidance at this time. ABOUT MERITAGE HOMES CORPORATIONMeritage Homes is the seventh-largest public homebuilder in the United States, based on homes closed in 2018. Meritage offers a variety of homes that are Show less Read more
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