Meritage Homes : 3rd Quarter 2020 Supplemental Data
October 22, 2020 at 12:30 pm EDT
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Third Quarter 2020 Supplemental Data
Orders and absorptions
Quarterly Orders and Absorptions by State & Region
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Arizona
457
12.4
582
15.7
482
12.5
354
10.4
570
17.8
737
20.8
709
19.4
California
167
8.8
207
10.1
198
9.0
231
9.6
352
13.3
388
13.6
510
21.3
Colorado
204
9.5
220
10.0
156
7.6
142
7.5
199
12.8
153
11.8
188
15.7
Nevada
-
-
-
-
-
-
-
-
-
-
-
-
-
-
West Region
828
10.7
1,009
12.7
836
10.3
727
9.4
1,121
15.1
1,278
16.6
1,407
19.4
Texas
870
9.7
827
10.5
649
8.8
697
9.2
1,059
13.7
1,215
16.6
1,183
18.8
Central Region
870
9.7
827
10.5
649
8.8
697
9.2
1,059
13.7
1,215
16.6
1,183
18.8
Florida
301
9.6
331
9.7
293
8.1
255
7.4
317
9.5
390
11.1
491
14.0
Georgia
144
7.0
149
7.5
138
7.1
106
5.9
156
9.5
190
11.9
172
12.3
No.Carolina
230
9.2
240
10.0
188
8.4
207
8.8
287
12.8
326
15.9
386
18.8
So. Carolina
81
7.0
69
6.9
55
5.8
49
5.2
87
10.9
95
15.8
90
16.4
Tennessee
76
7.2
110
10.0
99
9.9
52
5.8
75
7.1
103
9.0
122
12.2
East Region
832
8.4
899
9.1
773
7.9
669
7.1
922
10.1
1,104
12.4
1,261
14.8
Total
2,530
9.5
2,735
10.6
2,258
9.0
2,093
8.5
3,102
12.8
3,597
15.1
3,851
17.5
2
Orders and absorptions (CY/PY)
Quarterly Orders and Absorptions by State & Region (CY/PY)
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Orders
Absorptions
Arizona
0%
2%
40%
45%
39%
51%
18%
46%
25%
44%
27%
32%
47%
55%
California
-24%
-30%
9%
-20%
90%
25%
112%
37%
111%
51%
87%
35%
158%
137%
Colorado
17%
-24%
33%
9%
-1%
-6%
22%
29%
-2%
35%
-30%
18%
21%
107%
West Region
-3%
-13%
31%
18%
38%
29%
38%
38%
35%
41%
27%
31%
68%
88%
Texas
8%
13%
8%
28%
2%
26%
18%
46%
22%
41%
47%
58%
82%
114%
Central Region
8%
13%
8%
28%
2%
26%
18%
46%
22%
41%
47%
58%
82%
114%
Florida
14%
2%
3%
-12%
27%
5%
34%
19%
5%
-1%
18%
14%
68%
73%
Georgia
-3%
-5%
37%
42%
55%
69%
13%
37%
8%
36%
28%
59%
25%
73%
No.Carolina
46%
8%
68%
39%
35%
21%
39%
33%
25%
39%
36%
59%
105%
124%
So. Carolina
1%
9%
-22%
-10%
-15%
3%
-26%
-5%
7%
56%
38%
129%
64%
183%
Tennessee
58%
-10%
112%
35%
62%
46%
37%
53%
-1%
-1%
-6%
-10%
23%
23%
East Region
20%
2%
26%
12%
32%
23%
25%
29%
11%
20%
23%
36%
63%
87%
Total
7%
0%
22%
19%
24%
27%
27%
37%
23%
35%
32%
42%
71%
94%
3
Orders and average communities by product type
Orders and Average Communities by Product Type
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Entry-Level
1,130
91.50
1,408
99.00
1,218
106.00
1,146
111.00
1,906
119.00
2,511
128.50
2,644
131.50
1st Move-Up
1,079
132.50
1,048
120.50
853
111.50
778
103.50
1,020
96.00
938
86.50
990
69.50
Other
321
42.00
279
37.50
187
34.50
169
32.50
176
27.50
148
24.00
217
19.50
Total
2,530
266.00
2,735
257.00
2,258
252.00
2,093
247.00
3,102
242.50
3,597
239.00
3,851
220.50
Orders and Average Communities by Product Type (Pct% of Totals)
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Orders
Communities
Entry-Level
45%
34%
51%
39%
54%
42%
55%
45%
61%
49%
70%
54%
69%
60%
1st Move-Up
43%
50%
38%
47%
38%
44%
37%
42%
33%
40%
26%
36%
26%
32%
Other
13%
16%
10%
15%
8%
14%
8%
13%
6%
11%
4%
10%
6%
9%
Total
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
4
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Disclaimer
Meritage Homes Corporation published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 16:29:01 UTC
Meritage Homes Corporation is a designer and builder of single-family attached and detached homes. Its segments include Homebuilding and Financial Services. The Homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. The Financial Services segment offer title and escrow, mortgage, and insurance services. It has operations in three regions: West, Central and East, which are comprised of 10 states: Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. These three regions are its principal homebuilding reporting segments. Its homebuilding activities are conducted under the name of Meritage Homes in each of its homebuilding markets. It also operates Carefree Title Agency, Inc., its wholly owned title company, which provides title insurance and closing/settlement services to its homebuyers in certain states.