(Disclosure: Rose Law Group represents Meritage Homes & Century Communities.)
By Vincent Salandro | Builder
Public builders saw little shift in the housing market to close out the fiscal year in 2025, with soft consumer confidence continuing to weigh down buyer demand.
The fourth quarter results of Meritage Homes and Century Communities and the fiscal first quarter results of Beazer Homes echoed similar themes expressed by peers during the period, including D.R. Horton, NVR, and M/I Homes. Despite challenges, Century Communities expressed success in driving down construction costs and cycle time while Meritage Homes highlighted the benefits of technological investments and right-sizing overhead in the period. Beazer Homes is experiencing positive momentum from its focus on energy efficiency, indoor air quality, and solar power despite softer demand conditions in its December quarter.
Meritage Homes
The fifth largest company on the Builder 100 list reported fourth quarter closings decreased 7% to 3,755 units and the average price of closings declined 5% to $375,000. For the full fiscal year 2025, Meritage Homes delivered 15,026 homes with an average sales price of $384,000, declines of 5% and 4%, respectively. The builder reported fourth quarter revenue declined 12% to $1.4 billion while full-year revenue declined 9% to $5.8 billion.
