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NEW YORK ( TheStreet) -- Meritage Homes Corporation (NYSE: MTH) hit a new 52-week high Thursday as it is currently trading at $28.67, above its previous 52-week high of $28.66 with 204,056 shares traded as of 11:25 a.m. ET. Average volume has been 432,600 shares over the past 30 days. Meritage Homes has a market cap of $854.9 million and is part of the industrial goods sector and materials & construction industry. Shares are up 20.8% year to date as of the close of trading on Wednesday. Meritage Homes Corporation engages in designing and building single-family attached and detached homes in the southern and western United States.