Meritage Homes is a leading designer and builder of single-family detached homes
based on the number of home closings. We primarily build in the historically
high-growth regions of the western and southern United States and offer a
variety of homes that are designed to appeal to a wide range of homebuyers,
including first-time, move-up, active adult and luxury. We have operations in
three regions: West, Central and East, which are comprised of eight states:
Arizona, California, Texas, Colorado, Florida, North Carolina, South Carolina
and Tennessee. Operations within the Carolinas include the Raleigh and Charlotte
metropolitan areas, with some Charlotte communities located across the border
into South Carolina. These three regions are our principal business segments.
Please refer to Note 12 of the consolidated financial statements for information
regarding our operating and reporting segments.