June 2016’s four-year renewal brings Whirlpool into Meritage’s new LiVE.NOW brand. More
Steven J. Hilton, Bert Selva, and Ivy Zellman look for starter-home solutions at... More
Spec-home line will allow first-time buyers to move right in. More
In addition to his pioneering work on affordable sustainability at Meritage, Hilton has become a national leader in the discussion on energy and housing. More
Big Builder grades the performance of the 13 largest publicly held builders in the country. More
Meritage Homes announced its fourth consecutive profitable quarter Wednesday, posting earnings of $0.04 a share, surprising analysts who had predicted a loss of $0.07 a share, but it wasn't easy and it's going to be tough to do in the traditionally slow last quarter of the year, CEO Steven J. Hilton told analysts during a conference call Wednesday. Deliveries in the fourth quarter are likely to be worse since orders were down by 36%. to706. Management said the company will need to close about 800 homes in its fourth quarter to break even. More
Loss largely due to pre-tax real estate-related and joint venture impairments. More
Meritage Homes Corp. is reporting a net loss of $57 million after real estate and goodwill-related impairments reduced net earnings by $70 million after tax for the second quarter ending June 30. The Scottsdale, Arizona-based home builder joins a number of other public builders who have reported losses this week. "Weakened demand and increased price incentives have resulted in lower margins on homes sold and more write-offs on remaining inventories," said Steven J. Hilton, chairman and CEO of Meritage Homes More
