Meritage Homes Corporation – Wikipedia

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U.S. homebuilding company

Meritage Homes Corporation is a publicly traded American real estate development company that constructs a variety of single-family detached homes across the United States. It is the sixth largest home builder in the United States, based on 2020 home sales, and its homes are designed for entry-level and move-up buyers. The company also develops active adult communities and luxury real estate in Arizona.[5][6]

The company is headquartered in Scottsdale, Arizona.[5]


Meritage Homes was founded in 1985 as Monterey Homes in Scottsdale, Arizona, by Steve Hilton and William “Bill” Cleverly.[7]

In 1997, the company changed its name to Meritage Homes Corp, and began trading on the New York Stock Exchange under the symbol MTH.[7]

In 2011, the company unveiled its first net-zero energy homes, in Buckeye, Arizona.[8]

In July 2014, the company acquired Douglasville, Georgia-based Legendary Communities, the owner operator of almost 4,000 home sites, for nearly $130 million.[9]

In 2015, the company promoted its Sierra Crest development in Fontana, CA as California’s first net-zero energy community.[10]

In April 2019, the company built its first all-electric, zero-net-energy townhome community, in Irvine California.[8] In December, the Wall Street Journal reported how large home builders like Meritage were targeting millennials by producing a larger number of less expensive, entry-level homes.[11]


Meritage is headquartered in Scottsdale, Arizona, and divides its operations into four regions: West, Central, East and South.[9] It develops homes for entry level and first move-up buyers, including “net zero” energy efficient homes that provide as much power as they consume.[12] The company trades on the NY Stock Exchange under the symbol MTH, and is also listed in the S&P SmallCap 600 Index.[citation needed]

Awards and recognition[edit]

In 2021, the company was listed as one of Forbes’ best mid-sized companies, ranking #39 on the list.[13]


  1. ^ Anderson, Brent (September 17, 2020). “Steve Hilton announces upcoming retirement from 35-year career as Chief Executive Officer of Meritage Homes”. Yahoo! Finance. Retrieved November 7, 2021.
  2. ^ “Meritage Homes Corporation (MTH) CEO Phillippe Lord on Q1 2021 Results – Earnings Call Transcript”. Seeking Alpha. May 1, 2021. Retrieved November 7, 2021.
  3. ^ Bloomberg Staff (March 31, 2016). “Bloomberg Profile: Larry W Seay Former Exec VP/CFO, Meritage Homes Corp”. Bloomberg. Retrieved November 7, 2021.
  4. ^ a b “Meritage Homes Annual Report – 2020”. SEC. February 12, 2021. Retrieved November 7, 2021.
  5. ^ a b “Meritage Homes Corp”. Builder. Retrieved November 7, 2021.
  6. ^ “$400K could get you into a new, luxury condo in Scottsdale’s Artesia”. AZ Central. January 24, 2017. Retrieved November 7, 2021.
  7. ^ a b “Meritage CEO Steve Hilton looks back at 35 years of homebuilding and the switch from luxury to entry-level”. Phoenix Business Journal. July 31, 2020. Retrieved November 7, 2021.
  8. ^ a b “Say goodbye to gas-powered appliances? Homebuilders jump on the all-electric bandwagon”. Orange County Register. April 23, 2019. Retrieved November 7, 2021.
  9. ^ a b “Meritage Homes puts regional HQ in Atlanta”. Atlanta Business Journal. July 11, 2014. Retrieved November 7, 2021.
  10. ^ “Fontana: Energy-efficient community called a first for state”. Press-Enterprise. September 3, 2015. Retrieved November 7, 2021.
  11. ^ “Home-Builder Rally Fueled by Low Interest Rates, Millennials”. Wall Street Journal. December 24, 2019. Retrieved November 7, 2021.
  12. ^ “Meritage, other builders sign on to EPA Energy Star program”. Phoenix Business Journal. November 9, 2011. Retrieved November 7, 2021.
  13. ^ “America’s Best Mid-sized Companies 2021 List”. Forbes. December 17, 2020. Retrieved November 7, 2021.

External links[edit]