Meritage Homes Corporation reported financial figures for the third quarter ending September 30, 2025. Financial services profit for the quarter was $4.5 million, compared to $3.1 million in the same period of 2024. For the nine months ended September 30, 2025, financial services profit was $13.7 million, up from $7.2 million for the prior-year period. The increase in financial services profit was attributed to fewer charges related to expired interest rate forward commitments compared to the previous year. During the third quarter of 2025, Meritage Homes faced a challenging macroeconomic environment due to elevated mortgage interest rates, increased supply of resale inventory, and reduced consumer confidence. The company responded by focusing on affordable, move-in ready homes available for closing within 60 days and strengthening partnerships with third-party brokers. The company noted ongoing fluctuations in home closing revenue, home orders, and order backlog, driven by changes in the mix of communities, price points, and individual home characteristics such as square footage, options, and lot features. No significant changes were reported in critical accounting estimates during the nine months ended September 30, 2025, compared to the previous year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Meritage Homes Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000833079-25-000138), on October 31, 2025, and is solely responsible for the information contained therein.
Comments