Meritage Homes Corporation
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Meritage Homes Corporation
Meritage Homes Corporation is a publicly traded American real estate development company that constructs a variety of single-family detached homes across the United States. It is the sixth largest home builder in the United States, based on 2020 home sales, and its homes are designed for entry-level and move-up buyers. The company also develops active adult communities and luxury real estate in Arizona. The company is headquartered in Scottsdale, Arizona. History Meritage Homes was founded in 1985 as Monterey Homes in Scottsdale, Arizona, by Steve Hilton and William "Bill" Cleverly. In 1997, the company changed its name to Meritage Homes Corp, and began trading on the New York Stock Exchange under the symbol MTH. In 2011, the company unveiled its first net-zero energy homes, in Buckeye, Arizona. In July 2014, the company acquired Douglasville, Georgia-based Legendary Communities, the owner operator of almost 4,000 home sites, for nearly $130 million. In 2015, the company ...
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S&P 600
The S&P SmallCap 600 Index (S&P 600) is a stock market index established by Standard & Poor's. It covers roughly the small-cap range of American stocks, using a capitalization-weighted index. To be included in the index, a stock must have a total market capitalization that ranges from $850 million to $3.7 billion. These market cap eligibility criteria are for addition to an index, not for continued membership. As a result, an index constituent that appears to violate criteria for addition to that index is not removed unless ongoing conditions warrant an index change. , the index's median market cap was $1.58 billion and covered roughly three percent of the total US stock market. These smallcap stocks cover a narrower range of capitalization than the companies covered by the Russell 2000 Smallcap index which range from $169 million to $4 billion. The market valuation for companies in the SmallCap Index and other indices change over time with inflation and the growth of publicly tra ...
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Home Construction
Home construction or residential construction is the process of constructing a house, apartment building, or similar residential building generally referred to as a 'home' when giving consideration to the people who might now or someday reside there. Beginning with simple pre-historic shelters, home construction techniques have evolved to produce the vast multitude of living accommodations available today. Different levels of wealth and power have warranted various sizes, luxuries, and even defenses in a "home". Environmental considerations and cultural influences have created an immensely diverse collection of architectural styles, creating a wide array of possible structures for homes. The cost of housing and access to it is often controlled by the modern realty trade, which frequently has a certain level of market force speculation. The level of economic activity in the home-construction section is reported as housing starts, though this is contrarily denominated in terms of ...
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Scottsdale, Arizona
, settlement_type = City , named_for = Winfield Scott , image_skyline = , image_seal = Seal of Scottsdale (Arizona).svg , image_blank_emblem = City of Scottsdale Script Logo.svg , nickname = "The West's Most Western Town" (official) , image_map = File:Maricopa County Arizona Incorporated and Unincorporated areas Scottsdale Highlighted 0465000.svg , mapsize = 200x200px , map_caption = Location in Maricopa County, Arizona , mapsize1 = , map_caption1 = , pushpin_map = USA Arizona Maricopa County#USA Arizona#USA , pushpin_label = Scottsdale , pushpin_map_caption = , coordinates = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_name1 = Arizona , subdivision_type2 = County , subdivision ...
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Real Estate Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or Home construction, housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typ ...
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Move-up Home
A move-up home is a real estate term used to describe a larger and/or more expensive home that a person moves into from a smaller home. It is implied that as repeat buyers, the customer is more familiar with the real estate process than a first time buyer. In 2012, CNBC highlighted the challenges facing move-up home buyers when they owed more on their current homes than they were worth. Move-up home purchases increase when interest rates are low. See also * Property ladder The term property ladder, widely used in the United Kingdom, describes the relative differences in constant terms from cheaper to more expensive housing. According to this metaphor, an individual or a family can progress by stages from more aff ... * Downsizing (property) References Real estate terminology Neologisms articles with topics of unclear notability Neologisms {{Realestate-stub ...
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Age-restricted Community
An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary. These communities are set up to accommodate older individuals who would like to live in an area without the perceived problems of having children around. In most cases a younger spouse or significant other is permitted to live in the community as long as one member meets the minimum age requirement. Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and community features that are attractive to 55+ adults. These might include a clubhouse or lifestyle center with a good many activities, sometimes with indoor and outdoor swimming pools, exercise facilities, craft rooms, demonstra ...
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Luxury Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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Zero-energy Building
A Zero Energy Building (ZEB), also known as a Net Zero Energy (NZE) building, is a building with net zero energy consumption, meaning the total amount of energy used by the building on an annual basis is equal to the amount of renewable energy created on the site or in other definitions by renewable energy sources offsite, using technology such as heat pumps, high efficiency windows and insulation, and solar panels. The goal is that these buildings contribute less overall greenhouse gas to the atmosphere during operations than similar non-ZNE buildings. They do at times consume non-renewable energy and produce greenhouse gases, but at other times reduce energy consumption and greenhouse gas production elsewhere by the same amount. The development of zero-energy buildings is encouraged by the desire to have less of an impact on the environment, and by tax breaks and savings on energy costs that make zero-energy buildings financially viable. Terminology tends to vary between cou ...
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Buckeye, Arizona
Buckeye is a city in Maricopa County, Arizona, United States, and is the westernmost suburb in the Phoenix metropolitan area. As of the 2020 census the population was 91,502, up from 50,876 in 2010 and 6,537 in 2000. It was the fastest-growing city in the United States for both 2017 and 2018. History In 1877, Thomas Newt Clanton led a group of six men, three women, and ten children from Creston, Iowa, to Arizona, where they settled in the Buckeye area. Early settler Malie M. Jackson developed of the Buckeye Canal from 1884 to 1886, which he named after his home state of Ohio's moniker, "The Buckeye State". The town was founded in 1888 and originally named " Sidney", after Jackson's hometown in Ohio. However, because of the significance of the canal, the town became known as Buckeye. The name was legally changed to Buckeye in 1910. The town was incorporated in 1929, at which time it included . The town's first mayor was Hugh M. Watson (1956–1958), who founded the Buckeye V ...
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Douglasville, Georgia
The city of Douglasville is the county seat of Douglas County, Georgia, United States. , the city had a population of 34,650, up from 30,961 in 2010 and 20,065 in 2000. Douglasville is located approximately west of Atlanta and is part of the Atlanta Metro Area. Highway access can be obtained via three interchanges along Interstate 20. History Located along a natural rise in the topography, Douglasville was originally known as "Skint Chestnut." The name was derived from a large tree used by Native Americans as a landmark; it was stripped of its bark so as to be more conspicuous. Douglasville was founded in 1874 as the railroad was constructed in the area. That same year, Douglasville was designated as the county seat of the recently formed Douglas County. The community was named for Senator Stephen A. Douglas of Illinois. Georgia General Assembly first incorporated Douglasville in 1875. On September 21, 2009, Douglas County was devastated by the worst flood in Georgia hi ...
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Fontana, CA
Fontana is a city in San Bernardino County, California. Founded by Azariel Blanchard Miller in 1913, it remained essentially rural until World War II, when entrepreneur Henry J. Kaiser built a large steel mill in the area. It is now a regional hub of the trucking industry, with the east–west Interstate 10 and State Route 210 crossing the city and Interstate 15 passing diagonally through its northwestern quadrant. The city is about 46 miles east of Los Angeles. It is home to a renovated historic theater, a municipal park, and the Auto Club Speedway, which is on the site of the old Kaiser Steel Mill just outside the city. Fontana also hosts the Fontana Days Half Marathon and 5K run. This race is the fastest half-marathon course in the world.Fontana Days Run
Fontana.org. Retrieved January 13, 2015.
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Irvine California
Irvine () is a master-planned city in South Orange County, California, United States, in the Los Angeles metropolitan area. The Irvine Company started developing the area in the 1960s and the city was formally incorporated on December 28, 1971. The city had a population of 307,670 at the 2020 census. A number of corporations, particularly in the technology and semiconductor sectors, have their national or international headquarters in Irvine. Irvine is also home to several higher education institutions including the University of California, Irvine (UCI), Concordia University, Irvine Valley College, the Orange County Center of the University of Southern California (USC), and campuses of California State University Fullerton (CSUF), University of La Verne, and Pepperdine University. History The Gabrieleño indigenous group inhabited Irvine about 2,000 years ago. Gaspar de Portolà, a Spanish explorer, came to the area in 1769, which led to the establishment of forts, missions ...
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