Quarterly report [Sections 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, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Assets        
Real estate $ 5,800,954   $ 5,728,775  
Other assets 1,613,430   1,212,739  
Total assets 7,700,218   7,162,654  
Equity of:        
Meritage 5,194,744 $ 4,720,573 5,141,573 $ 4,611,900
Total liabilities and stockholders’ equity 7,700,218   7,162,654  
Earnings/(loss) from financial services unconsolidated entities and other, net 626 972    
Unconsolidated entities        
Equity of:        
Earnings/(loss) from financial services unconsolidated entities and other, net 881 $ 1,453    
Equity Method Investment, Nonconsolidated Investee        
Assets        
Real estate 72,234   66,443  
Other assets 7,049   7,286  
Total assets 83,597   78,163  
Liabilities and equity:        
Accounts payable and other liabilities 7,722   7,148  
Equity of:        
Meritage [1] 30,408   27,735  
Other 45,467   43,280  
Total liabilities and stockholders’ equity 83,597   78,163  
Cash 4,314   4,434  
Cash $ 4,314   $ 4,434  
[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.