Meritage Beats Street on Earnings in 4Q 2014
Another homebuilder beats Wall Street estimates on earnings for 4Q 2014. Meritage Homes produced earnings per share of $1.19, besting the average analyst of $1.03 by 15.5%. Total revenue of $689.9M just missed the analyst estimate of $712M.
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Deal Flow
Builder Online provides a summary of all the M&A activity nationally that has taken place in the homebuilding sector. Read more
Lennar Begins Construction on 450-Unit Rental Project in West Covina
One of the nation’s largest homebuilders, Lennar, commences construction on a 450-unit mixed-use project in West Covina. As one of eight projects in their Southern California multi-family portfolio, it appears
KB Home to Cut C.E.O.’s Bonus After His Rant Against Kathy Griffin
Jeffrey Mezger, chief executive of the homebuilder KB Home, will take a 25 percent cut to his year-end bonus as a result of his sexist and homophobic outburst against his neighbor, the comedian Kathy Griffin, the company said Thursday.
