Meritage Homes

Meritage Submits Plans For New Corinth Housing Development Along Lake Sharon Dr

Meritage Homes has submitted an application for development for a new community along Lake Sharon Drive just east of the recently-completed Terrace Oaks subdivision. The new proposed 83-acre community is slated for 447 home sites in total. Preliminary plans call for 249 single-family "Cottage Home" sites with lots approximately 50'x 120'. There are also 198 "Patio Home" lots which are roughly 30'x 98'. These would feature a denser townhome product located toward the center of the community. Kimley Horn is working with Meritage Homes on the new planned development. Development is tentatively scheduled to occur [...]

Meritage: “Strong Demand For Entry Level Homes” Drives New Orders Increase

Meritage Homes reported first quarter sales yesterday, and the publicly traded home builder admitted what many, including myself, have been saying. New home prices have eclipsed the threshold of what most Americans can afford (or are willing) to pay. Meritage saw a 2 percent increase in closed sales for the quarter on average new home prices that were up by just 1 percent. New orders grew 10 percent compared to the same quarter last year on average sales prices that were 2 percent lower. This is the dilemma now facing most new home builders with [...]

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