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 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Assets                    
Real estate $ 4,501,358   $ 4,501,358       $ 4,358,263      
Other assets 1,571,949   1,571,949       1,325,356      
Total assets 6,181,870   6,181,870       5,772,101      
Equity of:                    
Meritage 4,421,042 $ 3,681,810 4,421,042 $ 3,681,810 $ 4,248,295 $ 4,067,210 3,949,611 $ 3,412,469 $ 3,168,315 $ 3,044,389
Total liabilities and stockholders’ equity 6,181,870   6,181,870       5,772,101      
Earnings/(loss) from financial services unconsolidated entities and other, net     4,651 3,703            
Unconsolidated entities                    
Equity of:                    
Earnings/(loss) from financial services unconsolidated entities and other, net 2,778 $ 2,548 6,554 $ 5,418            
Equity Method Investment, Nonconsolidated Investee                    
Assets                    
Real estate 24,743   24,743       17,965      
Other assets 5,971   5,971       11,653      
Total assets 34,569   34,569       33,007      
Liabilities and equity:                    
Accounts payable and other liabilities 6,352   6,352       11,397      
Equity of:                    
Meritage [1] 14,157   14,157       10,356      
Other 14,060   14,060       11,254      
Total liabilities and stockholders’ equity 34,569   34,569       33,007      
Cash 3,855   3,855       3,389      
Cash $ 3,855   $ 3,855       $ 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.