CORRECTION: Meritage Homes Reports Third Quarter and Year-to-Date 2007 Results

SCOTTSDALE, Ariz., Oct. 25, 2007 (PRIME NEWSWIRE) -- In a release issued earlier today by Meritage Homes Corporation (NYSE:MTH), the second bullet points in both of the Third quarter results (change 2007 vs. 2006) and Year to date results (change 2007 vs. 2006) read "... after these charges", and should have read "... before these charges."

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 October 25, 2007