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

Note 3 - Variable Interest Entities and Consolidated Real Estate Not Owned (Tables)

6 Months Ended

Jun. 30, 2022

	*Projected*				*Option/*
	*Number*		*Purchase*		*Earnest Money*
	*of Lots*		*Price*		*Deposits–Cash*
Purchase and option contracts recorded on balance sheet as Real estate not owned ⁽¹⁾		1	$	8,011	$	801
Option contracts — non-refundable deposits, committed ⁽²⁾		11,991		644,294		64,290
Purchase contracts — non-refundable deposits, committed ⁽²⁾		10,880		302,555		22,712
Purchase and option contracts —refundable deposits, committed		1,450		35,228		1,477
Total committed		24,322		990,088		89,280
Purchase and option contracts — refundable deposits, uncommitted ⁽³⁾		26,541		877,421		9,488
Total lots under contract or option		50,863	$	1,867,509	$	98,768
Total purchase and option contracts not recorded on balance sheet ⁽⁴⁾		50,862	$	1,859,498	$	97,967	(5)