Meritage Homes - Attractive Construction Demand and Outlook for Declining Mortgage Rates Lead to Strong Prospects!

Business Driver: Meritage Homes (MH) has specialized in energy-efficient standards for single-family and multi-family homes. Currently, like many other heavyweights in the homebuilding sector, it can benefit from the prospect of declining mortgage rates, especially since U.S. President Trump had a large-scale buyback program for mortgage bonds over $200 billion. In the completed Q3, it reported a decline in profits from $2.67 to $1.39, significantly below analyst expectations of $1.67. It also fell short of revenue expectations, with $1.40 billion...