Meritage Homes Corporation is a designer and builder of single-family attached and detached homes based on the number of home closings. The Company builds in the western and southern United States and offer a variety of homes that are designed to appeal to a range of homebuyers, including first-time, move-up, active adult and luxury. It has operations in three regions: West, Central and East, which consists of seven states, including Arizona, California, Nevada, Texas, Colorado, Florida, and North Carolina. These three regions are its principal business segments. In April 2011, it entered in to the Raleigh-Durham, North Carolina market. The Company�s homebuilding and marketing activities are conducted primarily under the Meritage Homes brand, except for Arizona and Texas where it also operate under the name Monterey Homes. At December 31, 2011, the Company was selling homes in 157 communities. During 2011, it closed 3,268 homes, purchased about 4,500 lots and started about 3,399 homes.