Meritage Homes Corp. Builds on Its Starter Homes Strategy

Meritage Homes Corp. (NYSE: MTH) reported second-quarter results on July 26, and once again saw profits spike as revenue and gross margin increased on strong home sales growth. Even better for investors, the trend is very positive, as margins and sales of starter homes continue to improve with each passing quarter, playing a big role in margin expansion and growing the company’s backlog of home orders. Let’s take a closer look at how Meritage delivered another solid quarter, and at what management says to expect.

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Source: Yahoo Finance