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Meritage Homes Corporation (MTH)

152.07

+1.64

(+1.09%)

At close: April 22 at 4:00 PM EDT

149.07

-3.00

(-1.97%)

After hours: April 22 at 4:03 PM EDT

Housing market: Mortgage rates bear down on homebuilder stocks

Homebuilder confidence has held and remained the same in recent months as new home sales dropped. Mortgage rates have been at the root of many problems afflicting the US housing market and now they are starting to take a toll on homebuilder stocks; things could get even uglier as rates consistently move between 7% and realtors see mortgage rates going as high as 8% even. As part of Yahoo Finance's Real Estate: The New Reality special coverage this week, Wedbush Securities Equity Research SVP Jay McCanless describes the rate environment as having "gone from being pretty benign" at 2024's start to "much more negative now than we would've expected." McCanless outlines how homebuilders are operating in this rate-sensitive housing market and where he sees demand going based on the younger generations of homebuyers. "The group is carrying less debt than it was five years ago and especially ten years ago. They are building the homes certainly more efficiently than they were back then, but at the same time, it comes down to monthly payment and the builders, I think they've done a good job of trying to shrink the size of the homes that they're building, reduce the amenities that they're putting especially in some the starter homes," McCanless says. "But at the end of the day if the mortgage rate's gone up 100-something basis points like it has this year already, that's just going to reduce the size of the population that can potentially buy a home." Catch more of Yahoo Finance's Real Estate: The New Reality coverage this week, or watch this full episode here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 8 hours ago

MTH
+1.09%
LGIH
+0.58%
CCS
+0.89%
Meritage Homes (MTH) Reports Next Week: Wall Street Expects Earnings Growth

Meritage (MTH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks 5 days ago

MTH
+1.09%
Will Weakness in Meritage Homes Corporation's (NYSE:MTH) Stock Prove Temporary Given Strong Fundamentals?

With its stock down 5.3% over the past three months, it is easy to disregard Meritage Homes (NYSE:MTH). But if you pay...

Simply Wall St. 12 days ago

MTH
+1.09%
Should Value Investors Buy Meritage Homes (MTH) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks 12 days ago

MTH
+1.09%
Meritage Homes (MTH) Outpaces Stock Market Gains: What You Should Know

Meritage Homes (MTH) reachead $164.41 at the closing of the latest trading day, reflecting a +0.83% change compared to its last close.

Zacks 19 days ago

MTH
+1.09%
Homebuilding sector may be affected by seasonality: Analyst

Wedbush Securities downgraded multiple homebuilding stocks including Lennar (LEN), D.R. Horton (DHI), and LGI Homes (LGIH), claiming they could see seasonal price declines. Despite the downgrade, they maintained their price targets for all five stocks. Wedbush Securities Equity Research SVP Jay McCanless — the analyst behind the call — joins Market Domination to break down the reasoning and take a look at the homebuilding sector and how it may play out going forward. In terms of which of the stocks he downgraded might stand above the rest, McCanless claims: "Not on the homebuilder side but we are favorable on the product side for a company called Builders FirstSource (BLDR). They are the market leader right now in terms of lumber and building product sales, and we think that unit volumes of single-family homes, whether for rent or for sale, are going to be up in '24 versus '23 and we think Builders FirstSource is positioned to meet that demand. We also think they're going to be growing in the repair and remodel category which we have a favorable outlook for that space too." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino

Yahoo Finance Video 20 days ago

CCS
+0.89%
MTH
+1.09%
DHI
+0.62%
Meritage Homes (MTH) Beats Stock Market Upswing: What Investors Need to Know

Meritage Homes (MTH) concluded the recent trading session at $175.46, signifying a +1.64% move from its prior day's close.

Zacks 25 days ago

MTH
+1.09%
Meritage Homes First Quarter 2024 Earnings Conference Call and Webcast Scheduled for April 25, 2024

SCOTTSDALE, Ariz., March 28, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH), the fifth largest public homebuilder in the U.S., plans to release the Company's first quarter 2024 results on Wednesday, April 24, 2024 after the market closes. Management will host a conference call to discuss the results at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time) on Thursday, April 25, 2024. To listen, please go to Meritage’s Investor Relations page for the live webcast or dial in to 1-877-4

GlobeNewswire 25 days ago

MTH
+1.09%
20 US Cities with the Most Million-Dollar Homes

In this article, we will be covering the 20 US cities with the most million-dollar homes. If you wish to skip our detailed analysis, you can move directly to the 5 US Cities with the Most Million-Dollar Homes. Million-Dollar Homes in the US: An Overview Since the beginning of the global pandemic, the million-dollar homes […]

Insider Monkey 28 days ago

TMHC
+1.53%
DHI
+0.62%
MTH
+1.09%
Meritage Homes (MTH) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Meritage Homes (MTH) closed the most recent trading day at $165.95, moving -0.22% from the previous trading session.

Zacks last month

MTH
+1.09%
A Look At The Intrinsic Value Of Meritage Homes Corporation (NYSE:MTH)

Key Insights Meritage Homes' estimated fair value is US$143 based on 2 Stage Free Cash Flow to Equity Current share...

Simply Wall St. last month

MTH
+1.09%
Raymond Oppel to Retire from Meritage Homes Board of Directors

SCOTTSDALE, Ariz., March 15, 2024 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage,” “Meritage Homes” or the “Company”), the fifth-largest public homebuilder in the U.S., today announced that board director Raymond Oppel will not seek re-election to the Board at the Company’s upcoming annual meeting of shareholders and will retire from his position effective May 16, 2024. Mr. Oppel joined Meritage’s Board in 1997 and during his tenure, chaired the Executive Compensation Commi

GlobeNewswire last month

MTH
+1.09%
Meritage Homes (MTH) Ascends While Market Falls: Some Facts to Note

The latest trading day saw Meritage Homes (MTH) settling at $161.25, representing a +0.83% change from its previous close.

Zacks last month

MTH
+1.09%
Why Meritage Homes (MTH) Outpaced the Stock Market Today

The latest trading day saw Meritage Homes (MTH) settling at $159.92, representing a +1.35% change from its previous close.

Zacks last month

MTH
+1.09%
Meritage Homes (MTH) Exceeds Market Returns: Some Facts to Consider

Meritage Homes (MTH) reachead $156.69 at the closing of the latest trading day, reflecting a +1.45% change compared to its last close.

Zacks last month

MTH
+1.09%
Buffett Just Sold This Under-the-Radar Stock: 2 Better Choices to Buy

The biggest isn't always the best.

Motley Fool last month

DHI
+0.62%
MTH
+1.09%
Meritage Homes' (NYSE:MTH) Shareholders Will Receive A Bigger Dividend Than Last Year

Meritage Homes Corporation ( NYSE:MTH ) has announced that it will be increasing its dividend from last year's...

Simply Wall St. last month

MTH
+1.09%
Why Is Meritage (MTH) Up 2.7% Since Last Earnings Report?

Meritage (MTH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Zacks last month

MTH
+1.09%
Meritage Homes (MTH) Laps the Stock Market: Here's Why

In the most recent trading session, Meritage Homes (MTH) closed at $157.66, indicating a +1.49% shift from the previous trading day.

Zacks last month

MTH
+1.09%
^GSPC
These Under-the-Radar "Magnificent 7" Alternatives Can Help You Get Rich

Tech giants aren't the only stocks that have been huge winners for investors.

Motley Fool last month

SOFI

RDFN

MTH
+1.09%

Performance Overview

Return	MTH	S&P 500
YTD	-12.30%	+5.05%
1-Year	+21.21%	+21.22%
3-Year	+64.35%	+20.06%

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Meritage Homes Corporation (MTH)

Housing market: Mortgage rates bear down on homebuilder stocks

Meritage Homes (MTH) Reports Next Week: Wall Street Expects Earnings Growth

Will Weakness in Meritage Homes Corporation's (NYSE:MTH) Stock Prove Temporary Given Strong Fundamentals?

Should Value Investors Buy Meritage Homes (MTH) Stock?

Meritage Homes (MTH) Outpaces Stock Market Gains: What You Should Know

Homebuilding sector may be affected by seasonality: Analyst

Meritage Homes (MTH) Beats Stock Market Upswing: What Investors Need to Know

Meritage Homes First Quarter 2024 Earnings Conference Call and Webcast Scheduled for April 25, 2024

20 US Cities with the Most Million-Dollar Homes

Meritage Homes (MTH) Sees a More Significant Dip Than Broader Market: Some Facts to Know

A Look At The Intrinsic Value Of Meritage Homes Corporation (NYSE:MTH)

Raymond Oppel to Retire from Meritage Homes Board of Directors

Meritage Homes (MTH) Ascends While Market Falls: Some Facts to Note

Why Meritage Homes (MTH) Outpaced the Stock Market Today

Meritage Homes (MTH) Exceeds Market Returns: Some Facts to Consider

Buffett Just Sold This Under-the-Radar Stock: 2 Better Choices to Buy

Meritage Homes' (NYSE:MTH) Shareholders Will Receive A Bigger Dividend Than Last Year

Why Is Meritage (MTH) Up 2.7% Since Last Earnings Report?

Meritage Homes (MTH) Laps the Stock Market: Here's Why

These Under-the-Radar "Magnificent 7" Alternatives Can Help You Get Rich

Performance Overview