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Meritage Homes Corp

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  • Big-Name Funds Get Burned by Housing Stocks Wednesday, 12 Sep 2007 | 2:11 PM ET

    The slump in housing stocks to new four-year lows is hurting some well-known investors who recently added home builders and housing-related stocks such as KB Home and Pulte Homes  to their positions.

  • Foreclosure Bailouts? Don't Mail Out Checks Yet Friday, 7 Sep 2007 | 11:14 AM ET

    We reported some pretty nasty numbers from the Mortgage Bankers Association yesterday: A 51% rise in new foreclosures nationwide to the highest rate in the history of the MBA survey. And it’s a big bad number like that that is going to add more fuel to the fire in Washington among all those folks who have been bandying about the idea of some kind of government...

  • Riding The Rally Tuesday, 31 Jul 2007 | 11:06 AM ET

    With stocks in rally mode, it's appropriate to drill down for answers as well as take a look at some key sectors.

  • The July earnings forecasts are starting to roll in, and I don’t care what the temps are hitting this month, home builders have to be in a cold sweat. Today Meritage Homes reported preliminary sales, closings and backlog for the second quarter, and honey, it ain’t pretty. Sales down 37%, closings down 28% and backlog down 39% from a year ago. And if that weren’t bad enough, cancellations rose to 37% compared to 32% a year ago and 27% in the first quarter of this year (that was pre-subprime fury when everyone thought the market would take a quick bounce back).

  • Analysts See Further Declines in Housing Market Tuesday, 8 May 2007 | 2:42 PM ET

    Susan Wachter, professor of real estate and finance at Wharton Business School, told CNBC’s “Power Lunch” that the housing market has yet to hit bottom.

  • Pulte Posts Quarter Loss, Meritage Earns a Profit Wednesday, 25 Apr 2007 | 9:43 PM ET

    Pulte Homes, the second-largest U.S. home builder, on Wednesday posted a quarterly net loss, chiefly because of charges related to impairments and the lower value of land in the sagging U.S. housing market.

  • Strong Sales Report Sends Home Builder Shares Higher Wednesday, 27 Dec 2006 | 12:18 PM ET

    Shares of home builders each gained more than 1%, with the overall Dow Jones Home Construction index gaining 10 points, or 1.4%, to 729.58. The index has lost 21% this year, and is down about 35% from its high in July 2005.