Meritage Homes Corp (NYSE: MTH) is a homebuilding company that designs and builds single-family attached and detached homes across high-growth markets in the United States. Revenue comes primarily from the sale of completed homes, with a secondary financial services segment that provides title insurance, closing and settlement services through wholly-owned Carefree Title Agency, mortgage services, and insurance products to homebuyers. The company focuses on entry-level and first move-up buyers, operating across twelve states organized into three reporting segments: West, Central, and East. Operations span Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina, per the 10-K filed 2026-02-13. The financial services segment, which includes Carefree Title Agency, allows Meritage to capture ancillary transaction economics at the point of home closing.

Revenue model

Transactional revenue from home sales to individual buyers. Secondary revenue from financial services including title insurance, escrow, mortgage, and insurance products sold to the same homebuyers at closing.

Products and services

Single-family attached homes, single-family detached homes (entry-level and first move-up segments), title insurance and closing/settlement services (via Carefree Title Agency), mortgage services, and homebuyer insurance products.

Customers and end markets

Individual homebuyers, specifically entry-level and first move-up buyers in high-growth U.S. markets.

Value-chain role

Homebuilder and home designer. Also operates downstream into financial services at the point of sale via wholly-owned title, mortgage, and insurance subsidiaries.

Geographic exposure

United States only. Twelve states across three regions as of the 10-K filed 2026-02-13: West (Arizona, California, Colorado, Utah), Central (Tennessee, Texas), East (Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina).

Source: SEC 10-K, filed 2026-02-13

Industry: Operative Builders Peers: D.R. Horton Inc Installed Building Products Inc KB Home LGI Homes Inc SEKISUI HOUSE U.S., INC. TopBuild Corp Pultegroup Inc Champion Homes Inc Taylor Morrison Home Corp Toll Brothers Inc