Meritage Homes reported a solid third quarter of 2025, achieving a 4% increase in orders despite challenging market conditions, bolstered by a strategic focus on affordable and move-in ready homes.

• Orders grew to 3,636 units, with a backlog conversion rate exceeding 211%, thanks to a robust quick sale-to-close process.
• Average community count rose 14% year-over-year, reaching a record high of 334 communities, enhancing market presence.
• Adjusted gross margin remained steady at 20.1%, with adjusted diluted EPS at $1.55, aligning with guidance despite ongoing economic headwinds.
• Focused on maintaining a balanced inventory, Meritage reduced land acquisitions by 70% while optimizing community performance and operating efficiency.
• Increased book value per share by 8% year-over-year, reflecting solid financial health and effective asset management.