“Learn from yesterday, live for today, hope for tomorrow.”
-Albert Einstein
Mike Sunnucks Senior Reporter- Phoenix Business Journal Jul 24, 2014, 1:27pm MST
Meritage Homes posted 15 percent earnings growth in the second quarter compared with a year ago but the Scottsdale-based home builder’s stock took a hit Thursday morning with a big drop in new U.S. home sales.
The U.S. Department of Commerce reported this morning new home sales in June were down 8.1 percent compared with May and 11.5 percent from June 2013.
That drove home builder stocks down on Wall Street, as Meritage, KB Home andNVR Inc. were all down between 3 and 5 percent in Thursday trading.
D.R. Horton Inc.’s stock was down 11.6 percent, according to Google Finance.
Meritage posted second-quarter earnings of 85 cents per share on revenue of $505.6 million. That is up from 2Q 2013 when earnings were 74 cents per share on $450 million in revenue.
“We are quite pleased to show year-over-year growth in 2014 across nearly every key operating metric, given that market conditions were generally not as strong in the second quarter this year as they were a year ago,” said Steven Hilton, chairman and chief executive officer for Meritage.
Mike Sunnucks writes about politics, law, airlines, sports business and the economy.
A little about me and my expertise – video
commercial / investment real estate / Arizona land specialist
https://www.youtube.com/watch?v=PPs3kpKR4nY
I go to great heights to sell or purchase your land
http://walter-unger.com/?p=10118
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
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Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554
Thank You
Walter
Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
Cell: 520-975-5207
Office : 480-948-5554
Fax: (480-658-1172
View my listings and my profile at:
http://www.loopnet.com/Profile/14101172900/Walter-Unger-CCIM/
a little about me and my expertise – video
commercial-investment real estate adviser-land specialist
https://www.youtube.com/watch?v=PPs3kpKR4nY
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