Meritage makes progress in a tough market

Meritage Homes released its third-quarter earnings this morning, and though it was 12 percent short of what analysts expected, it still made progress in a tough market.

The Motley Fool looks into Meritage’s numbers to point out what others can learn from their accomplishments. One important point is Meritage’s diversification by expanding into new markets. The company traditionally focused on the western U.S. markets, but a recent expansion to the Southeast more than offset the drop.

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