ORLANDO – Meritage Homes Corporation (NYSE: MTH), one of America’s top 10 homebuilders, is seeking to acquire lots for new community development opportunities in Central Florida.
Fred Vandercook, division president of Meritage Homes in Central Florida, said the homebuilder plans to add to its existing portfolio of communities under development. Meritage currently has 13 actively selling communities in the greater Orlando area with homes ranging from the mid-$100,000s to the mid-$400,000s.
Vandercook recently appointed Clint Szubinski and Jeffrey Porter to head Meritage Homes’ land acquisition program as vice president of land and manager of land development and entitlement, respectively.
“Meritage Homes has an established presence in the homebuilding market in Central Florida, and we are committed to this market, as we expect Florida to have some of the best housing markets in the country over the next decade or more,” Vandercook said. “We plan to expand our home building operations in Florida as we identify prime opportunities,” he said.
About Meritage Homes Corporation: Meritage Homes Corporation is the 9th largest homebuilder in the U.S. based on homes closed. Meritage offers a variety of homes across the Southern and Western states designed to appeal to a wide range of home buyers, including first-time, move-up, luxury and active adult buyers, with base prices starting from under $100,000. As of March 31, 2010, the Company had 149 actively selling communities in 12 metropolitan areas including Houston, Dallas/Ft. Worth, Austin, San Antonio, Phoenix/Scottsdale, Tucson, Las Vegas, Denver, Orlando, and the East Bay/Central Valley and Inland Empire of California. Meritage Homes and its predecessor companies have delivered more than 65,000 homes since the Company was founded in 1985. In 2010, Meritage is celebrating its 25th Anniversary, and is the only large national homebuilder to be 100% ENERGY STAR® qualified in every home started in 2010. The Company has launched a new Simply Smart Series™ and a 99-day guaranteed completion program in certain communities. Meritage has designed and built more than 65,000 homes in its 25-year history, and has a reputation for its distinctive style, quality construction and positive customer experience. To find a Meritage community near you, go to www.meritagehomes.com. Meritage Homes is listed on the NYSE under the symbol MTH.
For more information about the Company, visit http://investors.meritagehomes.com
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