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, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Assets        
Real estate $ 5,962,075   $ 5,987,120  
Other assets 1,365,538   1,403,729  
Total assets 7,554,611   7,622,287  
Equity of:        
Meritage 5,093,769 $ 5,194,744 5,195,643 $ 5,141,573
Total liabilities and stockholders’ equity 7,554,611   7,622,287  
Earnings from financial services unconsolidated entities and other, net 656 626    
Unconsolidated entities        
Equity of:        
Earnings from financial services unconsolidated entities and other, net 1,907 $ 881    
Equity Method Investment, Nonconsolidated Investee        
Assets        
Real estate 136,008   181,166  
Other assets 55,148   6,748  
Total assets 211,476   191,430  
Liabilities and equity:        
Accounts payable and other liabilities 7,415   8,448  
Equity of:        
Meritage [1] 60,969   57,268  
Other 143,092   125,714  
Total liabilities and stockholders’ equity 211,476   191,430  
Cash 20,320   3,516  
Cash $ 20,320   $ 3,516  
[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.