M/I Homes Takes Advantage of the Housing Boom to Clean Up Its Financials

M/I Homes Takes Advantage of the Housing Boom to Clean Up Its Financials

Even though we saw housing starts take a slight dip in September, it doesn't look like it impacted M/I Homes' (NYSE: MHO) most recent quarterly results. The company's third-quarter earnings came in 82% higher than this time last year, and its operating metrics imply that the company should do even better from here. 

Thanks to these growth numbers, M/I's management used the quarter to do a bit of financial house cleaning that investors that have a stake in common shares should like. Here's a look at the company's most recent results, what management did, and where M/I Homes stands in the pecking order of home builders.  

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Source: Fool.com