As of November 20, 2025, Meritage has repurchased $128M of shares in the fourth quarter and $273M of shares on a year to date basis. There is $536M remaining under the current authorization program. Meritage expects to complete the fourth quarter with $150M of total repurchases. “In light of current market conditions, we have adjusted our capital allocation plan for 2026. Assuming no material additional market dynamic shifts, we plan to increase our programmatic share repurchase commitment and repurchase $100 million in shares per quarter next year as we expect reduced land acquisition and development spend,” said Phillippe Lord, chief executive officer of Meritage Homes (MTH).
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