David Guarino

Meritage Homes: Homebuilder Making Strategic Shift

With virtually every CEO in the homebuilding industry predicting a sustainable recovery in housing and even the International Monetary Fund citing "a faster-than-expected recovery of the housing sector," Scottsdale, Arizona, based Meritage Homes (NYSE:MTH) is a name worth evaluating. The company has been building custom homes for the past three decades and appeals to a wide variety of homebuyers including first time, luxury, active adult and move up buyers. While many investors may not recognize the name at first glance, Meritage is the ninth largest homebuilder in the United States (by home closings, 2012). The company prides itself on every new home it builds being constructed to meet Energy Star standards. This is a competitive advantage...

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