MTH - Meritage Homes Just Reported Its Best Quarter Ever: Here's Why the Best Is Still Ahead for Homebuilders
Homebuilder Meritage Homes (NYSE: MTH) has had an incredible run this year, building and selling more homes through the first three quarters of 2020 than it did in all of 2019. And with interest rates at all-time lows, there's a good chance that demand remains pretty strong for the foreseeable future. But at some point the housing cycle will turn, and demand will soften.
On the Nov 6 edition of "The Wrap" on Motley Fool Live, host Jason Hall explained why that doesn't concern him. The short version is, there's a massive amount of pent-up demand from millennials, and after spending most of the past decade ignoring the entry-level market, homebuilders focusing on starter homes are set for massive demand over the next decade or more.
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Meritage Homes Just Reported Its Best Quarter Ever: Here's Why the Best Is Still Ahead for Homebuilders