UK markets closed
  • NIKKEI 225

    29,839.71
    -660.34 (-2.17%)
     
  • HANG SENG

    24,221.54
    +122.40 (+0.51%)
     
  • CRUDE OIL

    70.51
    -0.05 (-0.07%)
     
  • GOLD FUTURES

    1,775.20
    -3.00 (-0.17%)
     
  • DOW

    33,919.84
    -50.63 (-0.15%)
     
  • BTC-GBP

    29,873.84
    -2,042.36 (-6.40%)
     
  • CMC Crypto 200

    1,016.33
    -47.52 (-4.47%)
     
  • ^IXIC

    14,746.40
    +32.49 (+0.22%)
     
  • ^FTAS

    4,029.01
    +42.11 (+1.06%)
     

Why Meritage Homes Was Soaring Last Week

·2-min read
Why Meritage Homes Was Soaring Last Week
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Meritage Homes (NYSE: MTH) surged nearly 13% last week, far outpacing the Dow Jones Industrial Average, which actually ended the week slightly down, after the homebuilder reported exceptionally strong second-quarter results. The impact is evident in Meritage Homes' performance, which saw the number of home orders decline 2% year over year, but prices were 18% higher. With lumber prices at unprecedented levels until only recently, the cost of building a home is rising, but leading to a shortage of housing despite rising demand.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting