November 21, 2024 8:37 pm
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Meritage to develop new MPC in West Valley

(Disclosure: Rose Law Group represents Meritage Homes.)

By Angela Gonzales | Phoenix Business Journal (Photo via Landsea Homes)

A pair of national homebuilders are gobbling up lots in the West Valley in an effort to bring more entry-level homes to the low stock of housing supply.

Meritage Homes Corp. (NYSE: MTH) bought 136 acres for $14 million in Goodyear, while Landsea Homes Corp. (Nasdaq: LSEA) paid $4.94 million for 247 lots in Buckeye, according to Vizzda LLC real estate database.

Read the full subscription story from the Phoenix Business Journal.

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