How Meritage Homes Halted Land Deals, Calmed Buyer Fears to Survive Downturn
Pro Builder
JUNE 2, 2020
When states began shutting down in March, CFO of Meritage Homes Hilla Sferruzza halted future land and development spending and reached out to sellers with a near-term closing to negotiate a later date. Sferruzza, who joined Meritage in 2001 and has been CFO since 2014, said the majority of sellers agreed to put the deals on hold.
Let's personalize your content