(Disclosure: Rose Law Group represents Meritage Homes.)
By Vincent Salandro | Builder
As macroeconomic conditions are shifting buyer demand toward move-in-ready new homes, Meritage Homes believes it is well positioned to capitalize moving into 2024 and beyond.
The builder benefited from such market conditions in its fourth quarter, utilizing its move-in ready inventory to grow orders 60% year over year in the quarter and 12% for the full fiscal year.
“As the economy stabilizes, we believe entry-level buyers will continue to gain confidence that now is the right time to buy a home,” CEO Phillippe Lord said. “With our growing spec inventory levels, Meritage is well positioned to take advantage of this positive demand environment.”
