MTH News and Press, Meritage Homes Corporation From 10/18/22

Summary With mortgage rates running higher unabated and mortgage demand decimated, homebuilder sentiment has continued to tank. As for the technical picture of homebuilder stocks, recent declines have been a bit healthier than the broader market. While homebuilder stocks have ...

Summary Skyline Champion continues to sport strong sales and profit growth, but shares have fallen along with the market. Although the picture is positive right now, backlog is now falling and housing data doesn't look great. Given how shares are priced, investors should take ...

Summary Shares of homebuilder Green Brick Partners, Inc. have retreated 30% since mid-August 2022 as interest rate concerns and analyst downgrades have played a role. The company’s 2Q22 earnings report was outstanding, but cancellations increased throughout the quarter and ...

SCOTTSDALE, Ariz., Sept. 29, 2022 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the seventh-largest public homebuilder in the U.S., today announced the release of its second annual Environmental, Social and Governance (ESG) report. The comprehensive review of 2021 covers the Company&#x...

SCOTTSDALE, Ariz., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, plans to release the Company's third quarter 2022 results on Wednesday, October 26, 2022 after the market closes. Management will host a conference call to discuss the r...

Summary Lennar Corporation is due to report financial results covering the third quarter of its 2022 fiscal year. This will prove to be an important moment for investors given what is going on in this space and it could go a long way to determining the firm's trajectory. LEN s...

Summary Rapidly rising home prices over the past two years have been able to offset increased labor and material costs. Demand is of concern for the end of 2022 and into 2023. When analyzing a company, it is helpful to have an objective framework that allows you to compare com...

SCOTTSDALE, Ariz., Sept. 13, 2022 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH) and Operation Homefront today announced that three deserving military families have been selected for the Permanent Homes for Veterans program. Each will receive a brand new, energy-efficient, mortga...

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Summary Although the demand outlook is slowing in the near term, the housing shortage and rising community count should partially offset its impact. Higher sales incentives and commissions are likely to put pressure on margins. With a low probability of inventory writedowns, M...