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

Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Real Estate and Capitalized Interest (Tables)

Note 2 - Real Estate and Capitalized Interest (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Inventory, Current [Table Text Block]

		*As of*
		*June 30, 2022*				*December 31, 2021*
Homes under contract under construction ⁽¹⁾		$	1,527,013			$	1,039,822
Unsold homes, completed and under construction ⁽¹⁾			748,845				484,999
Model homes ⁽¹⁾			89,539				81,049
Finished home sites and home sites under development ^{(2) (3)}			2,108,665				2,128,538
Total		$	4,474,062			$	3,734,408

Real Estate Inventory Capitalized Interest Costs [Table Text Block]

		*Three Months Ended June 30,*								*Six Months Ended June 30,*
		*2022*				*2021*				*2022*				*2021*
Capitalized interest, beginning of period		$	59,082			$	57,540			$	56,253			$	58,940
Interest incurred			15,171				16,321				30,384				32,413
Interest expensed			—				(77	)			(41	)			(167	)
Interest amortized to cost of home and land closings			(12,794	)			(17,074	)			(25,137	)			(34,476	)
Capitalized interest, end of period		$	61,459			$	56,710			$	61,459			$	56,710