Meritage Homes CORP: directors' dealings · United States · SEC (Form 4)

About Meritage Homes CORP

Meritage Homes Corporation (NYSE: MTH) is a major U.S. homebuilder focused on the construction and sale of new single-family homes, with a clear emphasis on affordability, energy efficiency, and a relatively streamlined buying experience. The company is headquartered in Scottsdale, Arizona, United States, and is currently the fifth-largest public homebuilder in the U.S. based on homes closed in 2024. Its operating model is centered on land acquisition and development, followed by home construction and sales across high-growth Sun Belt and surrounding markets. ([investors.meritagehomes.com](https://investors.meritagehomes.com/?utm_source=openai)) Meritage was founded in 1985 by Steven J. Hilton and William W. Cleverly. It began as a semi-custom luxury builder and later shifted its strategic focus toward more affordable entry-level homes, a move the company has described as a key part of its evolution since 2016. That repositioning is important from an investor perspective because it places Meritage in a broad, liquid segment of U.S. housing demand where affordability, energy savings, and move-in convenience matter more than customization. The company has said it has delivered more than 200,000 homes over its 40-year history, underscoring both scale and durability. ([investors.meritagehomes.com](https://investors.meritagehomes.com/news-events-presentations/press-releases/detail/424/the-way-to-200k-meritage-homes-celebrates-40th-anniversary?utm_source=openai)) Meritage’s core products are newly built detached homes, typically marketed under the Meritage Homes brand in all of its markets. The company highlights design-forward layouts, energy-efficient features, and a buyer experience aimed at simplifying the path to homeownership. Historically, Meritage has positioned itself as an efficiency leader in the sector, and its value proposition continues to combine price competitiveness with lower operating costs for homeowners. That positioning is especially relevant in the U.S. new-home market, where mortgage rates, monthly payment sensitivity, and affordability constraints can materially influence demand. ([investors.meritagehomes.com](https://investors.meritagehomes.com/news-events-presentations/press-releases/detail/211/meritage-homes-celebrates-delivery-of-its-100000th-home?utm_source=openai)) Geographically, Meritage operates across Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, Alabama, Mississippi, and Tennessee. This footprint gives the company exposure to some of the most dynamic housing markets in the southern and western United States, while also diversifying it across multiple regions and demographic drivers. The company’s investor materials and corporate communications consistently emphasize its national scale and its focus on markets with favorable population and employment trends. ([meritagehomes.com](https://www.meritagehomes.com/?utm_source=openai)) From a competitive standpoint, Meritage is differentiated by its scale in the public homebuilder universe, its concentration in entry-level housing, and its disciplined capital deployment. Management has emphasized land investment, community count growth, share repurchases, and cash dividends as part of its capital allocation framework. Recent results show a more normalized operating backdrop: first-quarter 2026 net earnings declined year over year due mainly to lower home closing revenue and gross profit, while the company continued to expand community count and lot control and updated full-year 2026 guidance to around 2025 levels. For investors, that combination points to a business that remains operationally active but is navigating a softer, more selective U.S. housing environment. ([investors.meritagehomes.com](https://investors.meritagehomes.com/news-events-presentations/press-releases/detail/430/meritage-homes-reports-first-quarter-2026-results?utm_source=openai))