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MERITAGE HOMES CORP. Scottsdale, Arizona; In A Slump, Sun Belt Keeps Builder Shining.(THE NEW AMERICA)
Byline: MARILYN MUCH
After more than a decade of strong, steady growth, the U.S. housing market is starting to roll over.
The number of housing starts peaked when it hit an annualized monthly pace of more than 2 million units at the end of 2003, says Ken Mayland, president of ClearView Economics.
He expects U.S. housing starts to total 1.94 million units this year, then slow to 1.82 million units in 2005.
The good news: large, publicly traded players such as Meritage Homes should continue to post strong financial gains as they buy up smaller concerns in key markets.
Meritage operates in fast-growing regions in the South and West, including Texas, Nevada, Arizona and California.
"These are all hot demographic markets . . . and (the) places to be at a time when job growth is accelerating," Mayland said.
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...first sentence should read: Meritage Homes Corp. (NYSE: MTH) today announced...unsecured notes from Ba3 to Ba2 (sted Meritage Homes Corp. (NYSE: MTH) today announced...S INVESTOR SERVICES UPGRADES MERITAGE HOMES' BOND RATING Meritage Homes Corp...
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- Press release article from: M2 Presswire April 5, 2007 700+ words
...April 2007-Large Cap News: Meritage Homes Corporation is Added to Watch...COMMUNICATIONS LTD RDATE:05042007 Meritage Homes builds homes worthy of merit...Homes (in Arizona and Texas), Meritage Homes (in Arizona, Colorado, Nevada...
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- Press release article from: Business Wire September 15, 2004 700+ words
...SCOTTSDALE, Ariz. & DALLAS -- Meritage Homes Corp. (NYSE: MTH) today announced...name and now will be known as Meritage Homes Corp. Its common stock will continue...Vegas and Southern California to Meritage Homes, where we were previously operating...