Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summary of Condensed Financial Information Related to Unconsolidated Equity Method Joint Ventures, Assets Liabilities and Equity (Details)

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INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summary of Condensed Financial Information Related to Unconsolidated Equity Method Joint Ventures, Assets Liabilities and Equity (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Assets        
Real estate $ 4,355,178   $ 4,358,263  
Other assets 1,438,847   1,325,356  
Total assets 5,871,146   5,772,101  
Equity of:        
Meritage 4,067,210 $ 3,168,315 3,949,611 $ 3,044,389
Total liabilities and stockholders’ equity 5,871,146   5,772,101  
Earnings from financial services unconsolidated entities and other, net 1,346 936    
Unconsolidated entities        
Equity of:        
Earnings from financial services unconsolidated entities and other, net 1,165 $ 966    
Equity Method Investment, Nonconsolidated Investee        
Assets        
Real estate 18,031   17,965  
Other assets 6,273   11,653  
Total assets 27,033   33,007  
Liabilities and equity:        
Accounts payable and other liabilities 5,391   11,397  
Equity of:        
Meritage [1] 10,386   10,356  
Other 11,256   11,254  
Total liabilities and stockholders’ equity 27,033   33,007  
Cash 2,729   3,389  
Cash $ 2,729   $ 3,389  
[1] Balance represents Meritage’s interest, as reflected in the financial records of the respective joint ventures. This balance may differ from the balance reported in the accompanying unaudited consolidated financial statements due to the following reconciling items: (i) timing differences for revenue and distributions recognition, (ii) step-up basis and corresponding amortization, (iii) capitalization of interest on qualified assets, (iv) income deferrals as discussed in Note (2) below and (v) the cessation of allocation of losses from joint ventures in which we have previously written down our investment balance to zero and where we have no commitment to fund additional losses.