Profile: Meritage Homes Corp (MTH.N)
31 Jul 2015
Meritage Homes Corporation, incorporated on May 26, 1988, operates as a holding company. The Company is a designer and builder of single-family detached homes. The Company offers a variety of homes that are designed to appeal to a range of homebuyers, including first-time, move-up, active adult and luxury. The Company operates in two segments: homebuilding and financial services.
The Company has homebuilding operations in three regions: West, Central and East, which include nine states. The West region comprises Arizona, California and Colorado; Central region include Texas, and the East region comprises Florida, Georgia, North Carolina, South Carolina and Tennessee. The Company has nine homebuilding operating segments. The Company's homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. The Company's homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets where the Company operates under the Legendary Communities brand. The Company also operates as Monterey Homes in some markets. As of December 31, 2014, the Company was selling homes in 229 communities.
The Company has no independent assets or operations. Its homebuilding construction, development and sales activities are conducted through its subsidiaries. The Company also operates a wholly owned title company, Carefree Title Agency, Inc. (Carefree Title). Carefree Title's core business includes title insurance and closing/settlement services that the Company offers to its homebuyers.
Meritage Homes Corp
8800 E Raintree Dr Ste 300
SCOTTSDALE AZ 85260-3966