Meritage Homes Corporation

Meritage Homes Corporation is an American real estate development company that constructs single-family detached homes across the United States along with active adult communities and luxury real estate in Arizona. It is headquartered in Scottsdale, Arizona[4] and is a publicly traded company.

Meritage Homes
TypePublic
NYSE: MTH
S&P 600 Component
IndustryHome construction
Founded1985
HeadquartersScottsdale, Arizona,
United States
Key people
$142 million[2] (2014)
Number of employees
1,605[3] (2017)
Subsidiaries
  • Monterey Homes
  • Meritage Active Adult
Websitewww.meritagehomes.com

In 2020, Meritage Homes began developing a section in the Stillwater neighborhood in Conroe, TX. While working on this development, Meritage was fined and had their permits pulled on numerous occasions due to their negligent behaviors and poorly engineered drainage plans. This has led to severe flooding and water contamination in the adjacent subdivision and ponds. When questioned about this, Meritage stated that they had no concern about adjacent developments, and that their only concern was completing the project they had at hand. The City of Conroe and local residents are investigating the situation further.

Awards and recognition

The company has been featured on Fortune’s "Fastest Growing Companies in America" list for five of the last seven years, is regularly featured on the "Fortune 1000" list of high-revenue companies, and recently made the Forbes "Platinum 400 – Best Big Companies in America" ranking for a third consecutive year. It is listed in the S&P SmallCap 600 Index.

Since 1993, Meritage has sponsored a nationally recognized home giveaway program, the Home of Miracles, now known as the All-Star Miracle Home, which has raised millions for children's hospitals.

References
  1. O'Grady, Patrick (April 24, 2015). "Meritage Homes optimistic revenue will rise 25% in 2015 after 1Q results". Phoenix Business Journal. Retrieved May 6, 2015.
  2. "Meritage Homes Annual Report - 2014" (PDF). Meritage Homes Corporation. Retrieved May 6, 2015.
  3. "Meritage Homes". Fortune. Retrieved 2019-02-28.
  4. Hudson, Phil (July 11, 2014). "Meritage Homes puts regional HQ in Atlanta". Atlanta Business Chronicle. Retrieved May 6, 2015.
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