CORRECTION -- Meritage Homes Reports Preliminary Results for the Fourth Quarter and Full Year 2007

SCOTTSDALE, Ariz., Jan. 21, 2008 (PRIME NEWSWIRE) -- In a release issued on Jan. 17, 2008, the conference call information listed in the 5th paragraph should have read January 29, 2008 and February 29, 2008, instead of January 29, 2007 and February 29, 2007.

CONTACT:  Meritage Homes Corporation
          Investor Relations:
          Brent Anderson, Vice President-Investor Relations
            (972) 543-8207
          Corporate Communications:
          Jane Hays, Vice President-Corporate Communications
            (972) 543-8123

Released January 21, 2008