MTH News and Press, Meritage Homes Corporation From 04/06/20

To say that the stock market had a good day on Monday would be an understatement. The Dow Jones Industrial Average and S&P 500  ended the day up by nearly 8% and just over 7%, respectively. Homebuilder Meritage Homes (NYSE: MTH) was a major standout, closing about 20% higher on ...

Meritage Homes ( MTH +19.9% ) preliminary home closings totaled 2,316 (+31% Y/Y) for 1Q20; and backlog totaled 3,568 units as of March 31, 2020, a 12% Y/Y increase. More news on: Meritage Homes Corporation, Stocks on the move, Read more ...

Shares of all home-builders have meaningfully declined post the recent stock market correction and most of them are trading at a significant discount to the book value. Unlike the last recession which was caused by over build in housing industry, this time it is different. Housing starts hav...

SCOTTSDALE, Ariz., April 06, 2020 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, today reported preliminary and unaudited home orders, closings and backlog for the first quarter of 2020. First quarter orders were up 23% year over year. Order cancel...

Many housing-related stocks plummeted on Wednesday, following the release of mortgage application figures that were sharply lower than the prior-year period.   Shares of  Zillow (NASDAQ: Z) (NASDAQ: ZG) , Redfin (NASDAQ: RDFN) , and Meritage Homes (NYSE: MTH) all fell more...

SCOTTSDALE, Ariz., March 30, 2020 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, plans to release the Company's first quarter 2020 results on Tuesday, April 28, 2020 after the market closes. Management will host a conference call to discuss the resul...

It is a time of incredulous, all-out panic. A positive investment climate for the homebuilders existed for almost 9 years, and suddenly it seems to have vanished overnight. Once upon a time, 3 weeks ago, housing starts were up. They had steadily recovered from some of the lowest levels e...

Many housing-related stocks plunged on Monday as investors grew more fearful that COVID-19 -- the disease caused by the novel coronavirus -- and its related economic fallout would result in a sharp decline in home sales.   Shares of  Zillow (NASDAQ: Z) (NASDAQ: ZG) , Redfin (N...

Stock markets have corrected meaningfully in the short span of time, and Federal Reserve is responding with interest rate cuts and massive liquidity injection. While fear due to coronavirus and people going into self-quarantine might cause some more pain in the short term for businesses, it al...

Real estate stocks plummeted across the board on Thursday, as fears that the COVID-19 coronavirus pandemic would drive the U.S. economy into a recession intensified. Shares of  Zillow (NASDAQ: Z) (NASDAQ: ZG) , Redfin (NASDAQ: RDFN) , Meritage Homes (NYSE: MTH) , Lennar (NYSE:...