Meritage Homes Corporation

Meritage Homes was founded in 1985 as Monterey Homes in Scottsdale, Arizona, by Steve Hilton and William "Bill" Cleverly.^[8]

In 1997, the company changed its name to Meritage Homes Corp, and began trading on the New York Stock Exchange under the symbol MTH.^[8]

In 2011, the company unveiled its first net-zero energy homes, in Buckeye, Arizona.^[9]

In July 2014, the company acquired Douglasville, Georgia-based Legendary Communities, the owner operator of almost 4,000 home sites, for nearly $130 million.^[10]

In 2015, the company promoted its Sierra Crest development in Fontana, CA as California's first net-zero energy community.^[11]

In April 2019, the company built its first all-electric, zero-net-energy townhome community, in Irvine California.^[9] 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.^[12]

Meritage is headquartered in Scottsdale, Arizona, and divides its operations into four regions: West, Central, East and South.^[10] 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.^[13] 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]}

In 2021, the company was listed as one of Forbes' best mid-sized companies, ranking #39 on the list.^[14]

For several years they have been a Top 10 home builder according to Builder's Top 100 Home Builder rankings. In 2023, they were the 5th largest builder.^[15]

Multiple customers have reported issues with their single family homes. They have described blue tape, cracks, fissures and issues within newly built homes.^[16][17]