Meritage Homes Corporation
17851 N. 85th St., Ste. 300
Scottsdale, AZ, United States
“In Their Own Words”
Meritage Homes Corporation is one of the nation's largest homebuilders and is publicly traded on the New York Stock Exchange under the symbol MTH.
Named to the Forbes Platinum 400 list for the third consecutive year. The Company operates in rapidly-growing states of the South and West, including six of the top ten housing markets in the country. Meritage has a proven record of success throughout its history, and has enjoyed impressive growth since becoming a publicly-traded homebuilder.
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Company Information from Hoover's
Meritage Homes builds homes worthy of merit. The company sells about 10,000 homes in a year. It typically constructs single-family homes targeted at first- and second-time homebuyers, as well as the luxury market. Prices range from about $100,000 to more than $1 million and average about $330,000. Meritage Homes controls roughly 26,000 lots and most often builds in one of more than 200 master-planned communities in Arizona, California, Colorado, Florida, Nevada, and Texas. Homes are sold under the Meritage Homes brand, as well as Monterey Homes (in Arizona and Texas) and Legacy Homes (in Texas). The company also develops active-adult communities.
Key Numbers
| Company type |
Public |
| Fiscal Year-End |
December |
| 2007 Sales (mil.) |
$2,343.6 |
| 1-year Sales Growth |
(32.3%) |
| 2007 new Income (mil.) |
($288.9) |
| 1-year Net Income Growth |
|
| 2007 Employees |
1,330 |
| 1-Year Employee Growth |
(31.8%) |
Key People
| Co-Chairman and Co-CEO |
Steven J. (Steve) Hilton |
| EVP and CFO |
Larry W. Seay |
| EVP National Homebuilding Operations |
Steven M. (Steve) Davis |
Key Competitors
More information at Hoovers.com
Profile information about Meritage Homes Corporation ©2007
Hoover's, Inc.
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