Meritage Homes Q3 2026 net earnings fall 32% year over year to $67.78 million
Bitget2026/10/28 21:08- Meritage Homes’ third-quarter 2026 net earnings fell 32% year-over-year to $67.78 million, mainly due to lower home closing revenue and gross profit.
- Home closing revenue dropped 17% year-over-year to $1.16 billion, with closings declining 14% to 3,187 homes.
- Orders slid 15% year-over-year to 3,083 homes, reflecting a lower average absorption pace, partially offset by increased average community count.
- Management prioritized preserving margins over a higher sales pace and expects market conditions to remain unpredictable over the next several quarters.
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