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Meritage Homes Corporation News

Homebuilders Downgraded at Wells Fargo on Weak Housing Reports

The 30-year fixed mortgage rate averaged 5.78% in the week ended June 16, up from 3.11% in the week ended Dec. 30.

PulteGroup Beats Earnings Estimate - Homebuilder Stocks Up

PulteGroup posted a strong quarter. The homebuilder also decided to pay back the loan it took out as a precaution at the start of the pandemic.

Meritage Home Climbs as Second-Quarter Profit and Sales Exceed Estimates

The Scottsdale, Arizona, company is now more than two years into a strategy to focus on entry-level and first-move-up markets.

Housing Stocks Fall as 10-year Bond Yields Hit Highest in Nearly 4 Years

The benchmark Treasury note rose to 2.716% Monday.

Housing Data Drives Down Homebuilding Stocks

Beazer, Standard Pacific, and Hovnanian fell the furthest this morning.

Breaking News

Tesla Stock Slides On Reports of California Layoffs, Office Closure

Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker's global operations.

Disney Stock Lower As Board Extends Contract of CEO Bob Chapek

"Bob is the right leader at the right time for The Walt Disney Company, and the board has full confidence in him and his leadership team,' said Disney chair Sue Arnold.

Bed Bath & Beyond Stock Plunges On Q1 Loss, CEO Mark Tritton Exit

"After thorough consideration, the Board determined that it was time for a change in leadership," said independent director Harriet Edelman.

Pinterest Stock Slumps As CEO Ben Silbermann Steps Down To Make Way For Former Google Executive Bill Ready

"I've learned firsthand that it is indeed fun to do the impossible," said co-founder Ben Silbermann. "And with Bill as our CEO, I know that the fun is just getting started."