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Sunday, March 16, 2014

Meritage Homes reports stronger profit in 2013 despite 4Q slowdown



Meritage Homes Corp. (NYSE:MTH) capped off 2013 with strong home closing revenue and profit, but like its peers nationwide saw a slowdown in orders that has stretched into 2014.

In its earnings report released Wednesday, the Scottsdale-based home builder showed closing revenue of $533.5 million for the fourth quarter and $1.78 billion for all of 2013, up 47 percent and 51 percent year-over-year, respectively. Year-end profit — $124.46 million — was up 18 percent over 2012.

Read more...Meritage Homes reports stronger profit in 2013 despite 4Q slowdow

Reuters: Business News

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