Meritage Homes Corporation (MTH) |
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Meritage Homes's Comment on Competitors and Industry Peers
The construction and sale of homes is a highly-competitive industry. We compete
for sales in each of our markets with national, regional and local developers
and homebuilders, as well as existing resale homes, foreclosures, and to a lesser
extent, condominiums and rental housing. Some of our competitors have significantly
greater financial resources and may have lower costs than we do. Competition among
residential homebuilders of all sizes is based on a number of interrelated factors,
including location, reputation, product type, amenities, design, innovation, quality
and price. We believe that we compare favorably to other homebuilders in the markets
in which we operate due to our:
experience within our geographic markets which allows us to develop and offer
products that provide superior design and quality and are in line with the needs
and desires of the targeted demographic;
streamlined construction processes that allow us to save on material, labor and
time and pass those savings to our customers in the form of lower prices;
ENERGY STAR® standards in all of our communities (except for markets in which
we had a recent company acquisition) and incremental energy-efficient features
that create a variety of benefits to our customers and differentiate our product
from competing new and existing home inventories;
ability to recognize and adapt to changing market conditions, from both a capital
and human resource perspective;
ability to capitalize on opportunities to acquire land on favorable terms; and
reputation for outstanding service and quality products and our exceptional customer
and warranty service.
Our product offerings and strategic locations are successfully competing with
both existing homes inventory and surrounding new-home communities as evidenced
by our relative orders volume and market share in most of our divisions. We
expect that the strengths noted above will continue to provide us with long-term
competitive advantages.
We have an extensive market research department that assists our operating divisions
in each of our markets to better compete with other homebuilders, and the inventory
of re-sale homes in surrounding neighborhoods. Our strategic operations team
conducts in-depth community-level reviews in each of our markets, including
a detailed analysis of existing inventory, pricing, buyer demographics and the
identification of each location’s key buyer metrics. This analysis and
resulting analytical tools assist in decision-making regarding product designs,
positioning, and pricing and underwriting standards for land purchases and land
development. Additionally, our market research department is focused on evaluating
and identifying new market opportunities. The analysis of entry into a new market
includes comprehensive research and surveys of buyer demographics and demands,
competitor composition and performance, the surrounding job market and employment
statistics, foreclosure activity and desirability of the market in general.
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
Who are Meritage Homes Corporation's Competitors?
D r Horton Inc Share Performance
-3.05%
30 Days
|
D r Horton Inc
Profile
D.R. Horton Inc is a real estate development company that focuses on constructing and selling homes to customers.
More about D r Horton Inc 's Market Share
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Kb Home Share Performance
-3.61%
This Quarter
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Kb Home
Profile
KB Home's business model involves constructing and selling single-family homes to individuals and families. They focus on delivering personalized homes through a built-to-order approach, giving homeowners the opportunity to customize their homes based on their preferences and needs.
More about Kb Home's Market Share
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Lgi Homes Inc Share Performance
-2.55%
Over The Past 5 Days
|
Lgi Homes Inc
Profile
LGI Homes Inc is a residential homebuilder that specializes in constructing and selling affordable homes to aspiring homeowners. They operate on the business model of identifying and acquiring suitable land, designing and building homes with attractive features, and selling them directly to customers at competitive prices. Their streamlined approach focuses on speed and efficiency, allowing them to offer affordable homeownership options in a variety of markets across the United States.
More about Lgi Homes Inc 's Market Share
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Nvr Inc Share Performance
+8.85%
This Quarter
|
Nvr Inc
Profile
NVR Inc operates as a homebuilding and mortgage banking company. Their business model focuses on the acquisition and development of land, construction of homes, and mortgage origination, primarily targeting buyers in the United States.
More about Nvr Inc 's Market Share
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Beazer Homes Usa Inc Share Performance
-17.13%
30 Days
|
Beazer Homes Usa Inc
Profile
Beazer Homes USA Inc is a residential construction company that primarily operates in the United States. Their business model involves acquiring and developing land, constructing single-family and multi-family homes, and selling them to homebuyers. They generate revenue through the sale of properties and provide customer support and warranty services post-sale.
More about Beazer Homes Usa Inc 's Market Share
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M d c Holdings Inc Share Performance
+0.08%
Over The Past 5 Days
|
M d c Holdings Inc
Profile
M D C Holdings Inc's business model revolves around home construction and real estate development.
More about M d c Holdings Inc 's Market Share
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Mi Homes Inc Share Performance
-12.63%
This Quarter
|
Mi Homes Inc
Profile
Mi Homes Inc?s business model revolves around the development and construction of residential properties. They focus on designing and building high-quality single-family homes and townhouses for sale to individual homebuyers.
More about Mi Homes Inc 's Market Share
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Toll Brothers Inc Share Performance
+13.46%
This Year
|
Toll Brothers Inc
Profile
Toll Brothers Inc. operates as a luxury homebuilder, specializing in designing, constructing, and selling high-end residential properties in affluent areas. They focus on delivering superior craftsmanship, personalization options, and exceptional customer service to target upscale consumers in the real estate market.
More about Toll Brothers Inc 's Market Share
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Lennar Corp Share Performance
-4.75%
Over The Past 5 Days
|
Lennar Corp
Profile
Lennar Corp operates as a homebuilder and provider of financial services primarily in the United States. The company's business model focuses on acquiring and developing land, constructing single-family homes, townhomes, and condominiums, and offering related services such as mortgage financing and title insurance. Lennar Corp aims to generate revenue through the sale of its residential properties and profit from ancillary financial services.
More about Lennar Corp's Market Share
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Achari Ventures Holdings Corp I Share Performance
-0.73%
Over The Past 5 Days
|
Achari Ventures Holdings Corp I
Profile
Achari Ventures Holdings Corp I is a diversified holding company with an investment focus on high-growth sectors. Their business model involves identifying and acquiring companies with strong potential for value creation. They provide strategic support and resources to help these companies maximize their growth and profitability.
More about Achari Ventures Holdings Corp I's Market Share
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Taylor Morrison Home Corp Share Performance
+3.05%
This Year
|
Taylor Morrison Home Corp
Profile
Taylor Morrison Home Corp is a homebuilding company that operates on a business model focused on acquiring land, designing and constructing homes, and selling them to consumers. They aim to provide a range of housing options, from entry-level to luxury, across various markets in the United States.
More about Taylor Morrison Home Corp's Market Share
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Tri Pointe Homes Inc Share Performance
-0.63%
This Year
|
Tri Pointe Homes Inc
Profile
Tri Pointe Homes Inc is a residential homebuilding company that operates by acquiring land, developing and constructing single-family homes, and selling them to homebuyers.
More about Tri Pointe Homes Inc 's Market Share
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Century Communities Inc Share Performance
-9.13%
30 Days
|
Century Communities Inc
Profile
Century Communities Inc is a home construction company that focuses on building single-family homes, townhomes, and condominiums across the United States. They primarily operate in high-growth markets, catering to a wide range of homebuyers with various designs, features, and price points.
More about Century Communities Inc 's Market Share
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Green Brick Partners Inc Share Performance
+5.30%
This Quarter
|
Green Brick Partners Inc
Profile
Green Brick Partners Inc's business model involves acquiring and developing land, constructing and selling high-quality homes, and providing mortgage financing options to homebuyers.
More about Green Brick Partners Inc 's Market Share
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Vanjia Corporation Share Performance
-9.24%
This Quarter
|
Vanjia Corporation
Profile
Vanjia Corporation is a multinational conglomerate that operates across diverse industries such as technology, retail, and infrastructure. Its business model revolves around acquiring and investing in various companies, driving growth and expansion through synergies and strategic partnerships. By leveraging its financial resources and expertise, Vanjia Corporation aims to create value and enhance shareholder returns through diversified portfolio management.
More about Vanjia Corporation's Market Share
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Nobility Homes Inc Share Performance
0.00%
Over The Past 5 Days
|
Nobility Homes Inc
Profile
Nobility Homes Inc is a company that specializes in the design, manufacturing, and sale of mobile and modular homes. They generate revenue by producing and selling these homes to customers or through partnerships with dealerships.
More about Nobility Homes Inc 's Market Share
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