Meritage Homes Corp Stock Price, News & Analysis

Meritage Homes Corporation (NYSE:MTH) has released its inaugural Environmental, Social, and Governance (ESG) report to enhance transparency regarding its sustainability initiatives. The report highlights key metrics from 2020, including the delivery of over 10,600 ENERGY STAR® certified homes and the introduction of the Indoor airPLUS certification. Additionally, the company has made strides in diversity, equity, and inclusion, achieving a 94% employee satisfaction rate. Meritage plans to provide annual ESG updates and aims to align its strategy with long-term stakeholder value.

Meritage Homes (NYSE:MTH) partnered with Operation Homefront to provide a mortgage-free, energy-efficient home to Navy Petty Officer First Class Garfield Johnson and his family in Zephyrhills, Florida. This initiative is part of the 'Permanent Homes for Veterans' program, which has assisted over 700 military families. The new four-bedroom home features advanced energy-efficient amenities and personal touches for the Johnson family. Meritage has constructed and donated 14 homes through this program, reflecting their commitment to supporting military families.

Meritage Homes Corporation (NYSE: MTH) reported strong third quarter results for 2021, highlighting a 10% increase in home closing revenue to $1.25 billion and an 84% rise in net earnings to $200.75 million. The company closed 3,112 homes, marking its highest third-quarter performance ever. However, home orders fell 11% year-over-year, reflecting production constraints. The average sales price for closed homes rose to $402,000. Management projects 12,600-12,900 home closings for the full year, with expected revenue of $5.05-5.15 billion.

Meritage Homes Corporation (NYSE: MTH) will release its third quarter 2021 results on October 27, 2021, after market close. A conference call will follow on October 28, 2021, at 8:00 a.m. Pacific Time, available via webcast on the company's Investor Relations page. Meritage, the sixth-largest public homebuilder in the U.S., focuses on entry-level and first move-up buyers. The company has delivered over 140,000 homes and is recognized for its energy-efficient building practices, receiving multiple ENERGY STAR® Partner of the Year awards.

Meritage Homes (NYSE:MTH) partnered with Operation Homefront to provide a mortgage-free home to a military family as part of the Permanent Homes for Veterans program. The Johnson family will receive a new 1,840 square-foot home in Zephyrhills, FL, in November 2021. This initiative honors military families, having provided over 700 homes since 2012. Meritage continues to emphasize energy efficiency and modern features in its homes, reinforcing its commitment to community support and veteran assistance.

Meritage Homes Corporation (NYSE:MTH), the sixth-largest homebuilder in the U.S., announced new digital solutions aimed at enhancing the homebuying experience. Customers can now explore home options virtually, qualifying for mortgages and completing transactions online where permitted. The company also introduced guaranteed homeowners' insurance quotes and 24/7 support through a virtual assistant. These innovations reflect the growing trend of virtual homebuying amidst changing consumer preferences, enabling buyers to choose a seamless process tailored to their needs.

Meritage Homes (NYSE:MTH) reveals new eco-friendly tile collections catering to homebuyers’ preferences, driven by a recent consumer survey. Key findings show that 35% favor quartz countertops resembling marble, and 92% value backsplashes with unique designs. Wood-look tile flooring is also gaining traction, appealing to 21% of buyers. This collaboration with Daltile enhances their offerings, promoting sustainable materials. The Design Collections simplify selections for buyers, ensuring cohesive finishes with transparent pricing and minimal environmental impact.

Meritage Homes Corporation (NYSE: MTH) reported strong second quarter results for 2021, highlighting a significant 85% increase in net earnings to $167.4 million ($4.36 per diluted share). Home closing revenue surged by 23% year-over-year to $1.3 billion, aided by an 18% rise in closed homes to 3,273 units. The average sales price for closing transactions rose 4% to $386,000. Despite a 2% drop in home orders to 3,542 units, the company secured a backlog of 5,509 homes valued at $2.3 billion, marking a 41% increase. Meritage anticipates home closing revenues between $5.00-5.25 billion for 2021.

Meritage Homes Corporation (NYSE: MTH) is set to release its second quarter 2021 results on July 28, 2021, after market close. A conference call to discuss these results will take place on July 29, 2021, at 7:00 a.m. Pacific Time. Investors can access the call via webcast through the Company’s website. Meritage Homes ranks as the sixth-largest public homebuilder in the U.S., with over 140,000 homes delivered since its inception, focusing on energy-efficient homebuilding and catering to entry-level and first move-up buyers across several states.