Meritage Homes: A Building Stock For All Seasons

1. MTH is gaining market share despite a housing supply shortage. 2. Strong cash flow and dividends enhance MTH's shareholder returns. 3. High mortgage rates create challenges for homebuilders, impacting profitability. 4. MTH's current valuation implies a 30% profit decline, which may be overestimated. 5. With historical growth rates, MTH could see a 45% price increase.