Meritage Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

LOANS PAYABLE AND OTHER BORROWINGS - Narrative (Details)

LOANS PAYABLE AND OTHER BORROWINGS - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Repayments of outstanding balance	$ 0	$ 40,000,000		$ 40,000,000
Borrowings		$ 40,000,000	$ 0	$ 40,000,000
Revolving credit facility [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Current borrowing capacity	835,000,000		835,000,000		$ 835,000,000
Maximum borrowing capacity	1,300,000,000		1,300,000,000
Minimum tangible net worth	$ 2,800,000,000		$ 2,800,000,000
Leverage ratio	0.60		0.60
Outstanding borrowings under Credit Facility	$ 0		$ 0			$ 0
Total LOCs	40,554,000		40,554,000			$ 54,442,000
Remaining borrowing capacity	$ 794,400,000		$ 794,400,000
Revolving credit facility [Member] \| Line of Credit [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	6.67%		6.67%
Revolving credit facility [Member] \| Line of Credit [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Rate Determination One
Line of Credit Facility [Line Items]
Debt Instrument, Variable Rate, Adjustment Spread	0.10%
Revolving credit facility [Member] \| Line of Credit [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Rate Determination One \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate, Leverage Benchmark			1.25%
Revolving credit facility [Member] \| Line of Credit [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Rate Determination One \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate, Leverage Benchmark			1.75%
Revolving credit facility [Member] \| Line of Credit [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Rate Determination Three
Line of Credit Facility [Line Items]
Debt Instrument, Variable Rate, Adjustment Spread			0.10%
Basis spread on variable rate			1.00%
Revolving credit facility [Member] \| Line of Credit [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Rate Determination Three \| Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate, Leverage Benchmark			0.25%
Revolving credit facility [Member] \| Line of Credit [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest Rate Determination Three \| Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate, Leverage Benchmark			0.75%
Revolving credit facility [Member] \| Line of Credit [Member] \| Prime Rate [Member] \| Interest Rate Determination Two
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.50%