Meritage Homes traded at $59.17 this Friday May 15th, decreasing $2.68 or 4.33 percent since the previous trading session. Looking back, over the last four weeks, Meritage Homes lost 8.01 percent. Over the last 12 months, its price fell by 14.28 percent. Looking ahead, we forecast Meritage Homes to be priced at 57.98 by the end of this quarter and at 54.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
Meritage Homes Corporation is a designer and builder of single-family homes. The Company’s segments include Homebuilding and Financial Services. The Homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. In addition, Homebuilding operations consist of three regions West, Central and East, which includes nine states Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. Financial services reporting segment, which offers title and escrow, mortgage, and insurance services. The Company also operates Carefree Title Agency, Inc. (Carefree Title) company. Carefree Title's core business includes title insurance and closing/settlement services to its homebuyers.