May 1, 2024 7:01 pm
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Meritage boasts record Q2

Meritage

(Disclosure: Rose Law Group represents Meritage Homes.)

By Vincent Salandro | Builder

Strong buyer demand in the second quarter and the ongoing shortage of existing-housing inventory contributed to a strong quarterly performance for Meritage Homes, No. 5 on the 2023 Builder 100. The home builder’s spec strategy helped drive a nearly 90% backlog conversion and record second-quarter home closings and home closing revenue.

“Home closings were 3,490 this quarter, 8% greater than [the] prior year, highlighting our effort to improve cycle times,” said Meritage Homes CEO Phillippe Lord. “Nearly 1,100 homes were sold and delivered within the quarter from our available inventory of completed and near-completed homes.”

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