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Meritage Homes Corporation (NYSE:MTH) Homes Closed & Homes Ordered

Earlier, we reviewed KB Homes (NYSE:KBH) 2017 Q4 release. Meritage Homes Corporation (NYSE:MTH) 2017 Q4 results are set to release on February 1, 2018. Before Meritage releases the full year, let’s look at 2017 Q3 homebuilding revenue, homes closed and average selling price.

Home closing revenue increased 9% over the prior year on higher closing volume, finishing 2017 Q3 with $805 Million. 

Total Homes closed for the quarter included 1,969 Units. Average closing price for the quarter was $805,008.00.  

Most homes closed were in the west region, which includes Arizona, California, and Colorado. At 820 homes. To view the breakdown within each state, please click here: Meritage Homes HADE Page.

Homes ordered during the quarter is also important to Meritage Homes' reporting. The east region came in at the top, with 641 on order. The east region includes: Florida, Georgia, North Carolina, South Carolina, and Tennessee. However, the west region was only one home behind with 641 homes on order.

Average selling price on closed homes with Meritage totaled 409,000. 

When Meritage Homes releases their full-year results on the 1st, we will look at both KB Home and Meritage Homes Corp to compare results.