Meritage Homes Corporation (NYSE:MTH) announced it has completed and will soon close the sale of its 100,000th home. A celebration took place Oct. 14 in Phoenix to commemorate this milestone with the 100,000th homeowner.
“Knowing that we are about to deliver Meritage’s 100,000th home brings an overwhelming sense of achievement for the company and for me personally,” said Steven J. Hilton, co-founder, chairman and chief executive officer of Meritage Homes. “Our focus since the founding of the company has been to allow each of our customers to experience the pride and enjoyment of homeownership in ways they never imagined possible. From the location and layout of our communities, to the design and construction of our homes, our goal is for buyers to experience and live a Life.Built.Better.TM in a Meritage home. I am very proud of and thankful for the Meritage team, as well as our suppliers and trade partners who have helped us accomplish this tremendous milestone.”
Founded in 1985 under the name Monterrey Homes, Meritage grew from a small startup homebuilder in Scottsdale, Arizona to the seventh-largest homebuilder in the U.S. today. Over the past 31 years, Meritage has developed a reputation for distinctive style and quality construction, and is a leader in the industry.
“We began as an Arizona builder and expanded into California, Texas, Florida and Colorado over the next 20 twenty years through a number of acquisitions and greenfield startups to become a national homebuilder that delivered almost 10,500 homes for $3.4 billion in revenue in 2006,” said Hilton. “In the last five years, we’ve further expanded into North and South Carolina, Georgia and Tennessee, bringing the Meritage Homes brand and reputation for industry-leading energy efficiency into a total of 22 markets from coast to coast today, and we are continuing to grow.”
Meritage is consistently recognized as the industry leader in energy-efficient and technologically advanced homebuilding. Meritage was the first national homebuilder to be 100 percent ENERGY STAR® certified, and far exceeds ENERGY STAR standards today. Meritage helps its homeowners live more comfortably and healthier while also saving money, all without compromising Meritage’s signature design.
