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Meritage Homes history
Meritage Homes company history timeline
Home-Grown Company Starting Out, 1985-87
Since 1985, we’ve invested millions of dollars in a relentless pursuit of building better, smarter, healthier homes through game-changing, money-saving energy efficiency*, thoughtful design and higher building standards.
Previously Homeplex, incorporated in May 1988 in Maryland as Emerald Mortgage Investments Corporation, had provided short-term and intermediate-term mortgages on improved and unimproved properties and owned residual mortgage assets.
In 1988, Cleverly and Hilton won the Best of Show Award in the Street of Dreams home show and began looking for their first major project.
Other projects during 1991 included Monterey at Mountain View in Scottsdale.
Skye Top was the company's premier project in 1992, located at The Troon Country Club in Scottsdale.
In 1993, the company built "7600 Lincoln" at that address, a gated, guarded community of 113 homes.
In 1995, the company's first condominium project, The Vintage, was built in Scottsdale, with living space ranging in size from 1,232 to 1,678 square feet and in price from $114,900 to $145,900.
By 1997, the company was in the number one spot in its price range ($180,000-$500,000+) and one of the top five builders of quality move-up homes in the Phoenix area, building homes ranging in size from 1,600 to 4,500 square feet.
By the end of fiscal 1997, Monterey Homes had closed on a total of 644 homes and sold 693 homes with an aggregate sales value of $157.5 million.
In 1997, the company changed its name to Meritage Homes Corp, and began trading on the New York Stock Exchange under the symbol MTH.
In March 1998, Del Webb Corp. stunned the industry as it announced it was looking for a buyer for the veteran company, known for its Sun City developments throughout the West and Southwest.
In 2011, the company unveiled its first net-zero energy homes, in Buckeye, Arizona.
In 2015, the company promoted its Sierra Crest development in Fontana, CA as California's first net-zero energy community.
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Meritage Homes competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Lennar | 1954 | $33.7B | 9,111 | 389 |
| KB Home | 1957 | $6.9B | 2,140 | 112 |
| Beazer Homes | 1985 | $2.3B | 1,100 | 49 |
| Toll Brothers | 1967 | $10.8B | 4,500 | 117 |
| Swinerton | 1888 | $1.7B | 4,000 | 192 |
| Deltec Homes | 1955 | $17.5M | 50 | - |
| Tri Pointe Group | 2009 | $4.4B | 6,182 | 26 |
| The Shaw Group | 1983 | $5.7B | 27,000 | 158 |
| Quanta Services | 1997 | $23.7B | 40,000 | 692 |
| Shea Homes | 1881 | $1.1B | 816 | 6 |
Meritage Homes history FAQs
Zippia gives an in-depth look into the details of Meritage Homes, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Meritage Homes. The employee data is based on information from people who have self-reported their past or current employments at Meritage Homes. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Meritage Homes. The data presented on this page does not represent the view of Meritage Homes and its employees or that of Zippia.
Meritage Homes may also be known as or be related to Meritage Homes, Meritage Homes Corporation and Meritage Insurance Agency Inc.