Meritage Homes Corp. (NYSE: MTH) has been named 2005 Builder of the Year by the Texas Association of Builders. Meritage received the Grand Award, the highest award given at the 2005 Star Awards ceremony held recently in Dallas.
One of the Southwest’s premier building industry awards program, the Star Awards competition is open to builders and developers throughout Texas, Oklahoma, Arkansas and Louisiana. Meritage is a four-time recipient of this prestigious regional award, accepting the Grand Award for high volume builders in 2001, 2002, 2003 and 2005.
“We are honored to receive this prestigious award again,” said John Landon, Meritage Homes Corp. co-chairman and CEO. “It reflects our commitment to excel and continually provide value to our customers and stockholders. We have been established in Texas since 1987, when the Legacy Homes brand was founded, and are proud of our heritage and the recognition we have received here.”
Meritage, with corporate headquarters in Plano, Texas, has built more than 40,000 homes over the past two decades. Consistently one of the top ten builders in the Dallas/Fort Worth metroplex, Meritage is also recognized as one of the nation’s leading designers and builders of single-family homes. The company is currently building in Arizona, California, Colorado, Florida, Nevada, and Texas.
In Texas, Meritage offers homes under four brands: Legacy Homes specializes in homes for first-time buyers; the Meritage Homes brand caters to move-up buyers; Monterey Homes builds luxury homes; and Texas Big Homes offers exceptionally large homes at outstanding values in select locations. The company’s Texas markets include Austin, Dallas/Fort Worth, Houston and San Antonio.
A combination of the words “merit” and “heritage,” the Meritage name reflects the company’s philosophy of blending the finest ingredients to produce superior results.
About Meritage Homes Corp.
Meritage Homes Corp. is one of the nation's largest single-family homebuilders, and is traded on the NYSE, symbol: MTH. The company appears on Forbes' "Platinum 400" list as No. 1 in terms of five-year annualized total return, and is included in the S&P SmallCap 600 Index. Meritage is ranked as one of Fortune's Fastest Growing Companies in America, its fifth appearance on this list in seven years. Additionally, Fortune ranked Meritage 747th in its "Fortune 1000" list of America's largest corporations and included the company as a "top pick from 50 great investors" in its Investor's Guide 2004. Meritage operates in fast-growing states of the southern and western United States, including six of the top 10 single-family housing markets in the country.