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 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Assets                    
Real estate $ 6,140,687   $ 6,140,687       $ 5,728,775      
Other assets 1,373,951   1,373,951       1,212,739      
Total assets 7,758,510   7,758,510       7,162,654      
Equity of:                    
Meritage 5,287,520 $ 5,029,790 5,287,520 $ 5,029,790 $ 5,269,174 $ 5,194,744 5,141,573 $ 4,882,534 $ 4,720,573 $ 4,611,900
Total liabilities and stockholders’ equity 7,758,510   7,758,510       7,162,654      
Earnings/(loss) from financial services unconsolidated entities and other, net     3,133 3,925            
Unconsolidated entities                    
Equity of:                    
Earnings/(loss) from financial services unconsolidated entities and other, net 12,997 $ 2,117 16,064 $ 5,858            
Equity Method Investment, Nonconsolidated Investee                    
Assets                    
Real estate 127,658   127,658       66,443      
Other assets 5,810   5,810       7,286      
Total assets 150,027   150,027       78,163      
Liabilities and equity:                    
Accounts payable and other liabilities 8,131   8,131       7,148      
Equity of:                    
Meritage [1] 45,740   45,740       27,735      
Other 96,156   96,156       43,280      
Total liabilities and stockholders’ equity 150,027   150,027       78,163      
Cash 16,559   16,559       4,434      
Cash $ 16,559   $ 16,559       $ 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.