Meritage sees significant rise in home orders
Scottsdale, Ariz.-based home builder Meritage Homes Corp. said home orders are on the rise.
The company received orders for a total of 784 homes in July and August 2012, net of cancellations, compared with 590 net orders in the same two months of 2011, a 33% increase.
July orders of 374 homes in 2012 were up 17% over July 2011, while August orders of 410 homes in 2012 were 52% higher than August 2011.
As of June 30, 2012, the company had 151 actively selling communities in 15 metropolitan areas, including Northern California, East Bay/Central Valley and Southern California, Houston, Dallas/Ft. Worth, Austin, San Antonio, Phoenix/Scottsdale, Tucson, Las Vegas, Denver, Orlando, Tampa and Raleigh-Durham.
In 2012, Meritage also announced its entry into the Charlotte market.