Meritage Homes Corp (MTH.N)
NEW YORK U.S. homebuilders' earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering.
By April Joyner NEW YORK, Nov 1 U.S. homebuilders' earnings have been hit by rising mortgage rates in the latest quarter, but their shares are showing signs of recovering. The S&P Composite 1500 Homebuilding index has dropped 9.4 percent in October and 31.2 percent year-to-date, but the homebuilding stock index has recovered by 8.2 percent since Oct. 24. The benchmark S&P 500 index lost 6.94 percent in October, its worst month since September 201
* MERITAGE HOMES CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING Source text for Eikon: Further company coverage: