Phillippe Lord has served as chief operating officer and executive vice president of Meritage Homes Corp. since April 2015. He is an experienced professional in the home building industry, and was instrumental in developing the strategic operations and market research department for Meritage Homes. He previously held leadership positions with Acacia Capital, Centex Homes, and Pinnacle West Capital prior to joining Meritage Homes.
Builders remain optimistic about the market and are adjusting land strategies to mitigate higher costs for lots.
The home builder is focusing on its Realtor relationships to help compete with the resale market.
Strong spring selling seasons for the public companies helped the builders best analyst projections.
Through community count growth, organic expansion, and M&A, public builders are committed to boosting market share and capitalizing on resilient demand in the calendar year.
As mortgage rates have come down from peak levels, incentives such as rate buydowns remain important tools to help buyers solve the affordability equation.