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MTH reported strong Q2 2024 results exceeding estimates amid housing demand growth. The company raised home closing and EPS outlook for 2024, signaling strength. MTH's strategic land investments included $631 million, fueling longer-term growth. Home orders increased by 14%, benefiting from underbuilt housing market conditions. Despite mortgage volatility, MTH achieved record home closings and backlog conversion.
- MTH reported strong Q2 2024 results exceeding estimates amid housing demand growth.
- The company raised home closing and EPS outlook for 2024, signaling strength.
- MTH's strategic land investments included $631 million, fueling longer-term growth.
- Home orders increased by 14%, benefiting from underbuilt housing market conditions.
- Despite mortgage volatility, MTH achieved record home closings and backlog conversion.
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