Here's Why Investors Should Add Meritage Homes (MTH) Stock Now

Although the homebuilding industry is facing challenges like high mortgage rates and rising costs, Meritage Homes Corporation (MTH) is likely to benefit from improved cycle times and spec strategy implementation. The company's focus on entry-level and first-move-up homes will likely produce a higher volume in the future. Shares of this Scottsdale, AZ-based homebuilding company have appreciated 10.9% in the past year compared with the Zacks Building Products - Home Builders industry's 18.9% rise. The company ...