What Meritage Homes (MTH) Said on Its Q3 Earnings Call
Meritage Homes reported lower third-quarter sales, revenue and earnings, with management citing higher mortgage rates, affordability pressures and consumer uncertainty as weighing on homebuyer demand. It said it is reducing discretionary spending, moderating land investment, managing home starts and inventory, and prioritizing liquidity.
Why it matters — MTH watchers may find the results and management’s stated responses relevant to assessing the company’s current operating conditions.