Meritage Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Proceeds from Long-term Lines of Credit

$ 100,000,000us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod

Letters of Credit Outstanding, Amount

19,712,000us-gaap_LettersOfCreditOutstandingAmount

19,489,000us-gaap_LettersOfCreditOutstandingAmount

Line of Credit Facility, Remaining Borrowing Capacity

453,300,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity

Notes Payable, Other Payables [Member]

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum

0.00%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum

6.00%us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember

Long-term Debt

34,406,000us-gaap_LongTermDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember

^[1]

30,722,000us-gaap_LongTermDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_NotesPayableOtherPayablesMember

^[1]

Letter of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

200,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_LetterOfCreditMember

Revolving Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

500,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember

400,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember

125,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember

Minimum Tangible Net Worth

670,300,000mth_MinimumTangibleNetWorth
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember

Leverage ratio (as a percentage)

60.00%mth_LeverageRatio
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember

Interest Coverage Ratio

1.5mth_InterestCoverageRatio
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember

Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument, Description of Variable Rate Basis

LIBOR

Debt Instrument, Base Rate

0.18%mth_DebtInstrumentBaseRate
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

Debt Instrument, Basis Spread on Variable Rate

2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember

Revolving Credit Facility [Member] | Prime Rate [Member]

Debt Instrument, Description of Variable Rate Basis

Prime

Debt Instrument, Base Rate

3.25%mth_DebtInstrumentBaseRate
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_VariableRateAxis
= us-gaap_PrimeRateMember

Debt Instrument, Basis Spread on Variable Rate

1.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_VariableRateAxis
= us-gaap_PrimeRateMember

Revolving Credit Facility [Member] | Line of Credit [Member]

Long-term Debt

$ 27,000,000us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember

$ 0us-gaap_LongTermDebt
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LineOfCreditMember

[1]	Reflects balance of non-recourse notes payable in connection with land purchases, with interest rates ranging from 0% to 6%.

Debt Instrument, Base Rate

No definition available.

Name:	mth_DebtInstrumentBaseRate
Namespace Prefix:	mth_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

As of any date, for the applicable period of the four quarters then ended, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Incurred.

No definition available.

Name:	mth_InterestCoverageRatio
Namespace Prefix:	mth_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	instant

Leverage Ratio

No definition available.

Name:	mth_LeverageRatio
Namespace Prefix:	mth_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

Minimum Tangible Net Worth

No definition available.

Name:	mth_MinimumTangibleNetWorth
Namespace Prefix:	mth_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

Percentage points added to the reference rate to compute the variable rate on the debt instrument.

No definition available.

Name:	us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR.

No definition available.

Name:	us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

Maximum contractual interest rate for funds borrowed, under the debt agreement.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22(a)(1))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Name:	us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMaximum
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

Minimum contractual interest rate for funds borrowed, under the debt agreement.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22(a)(2))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Name:	us-gaap_DebtInstrumentInterestRateStatedPercentageRateRangeMinimum
Namespace Prefix:	us-gaap_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.

No definition available.

Name:	us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

Name:	us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

Maximum amount borrowed under the credit facility at any time during the period.

No definition available.

Name:	us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 22

-Article 5

Name:	us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding).

Name:	us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 16

-Article 7

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.16)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 16

-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20, 22

-Article 5

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.16)

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Name:	us-gaap_LongTermDebt
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

Name:	us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

Name:	us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: