Meritage Homes completes acquisition of the assets of Elliott Homes to enter Gulf Coast markets

Meritage Homes, the fifth-largest public homebuilder in the U.S., has announced its entry into the Gulf Coast markets through the acquisition of the assets of Elliott Homes. With this acquisition, Meritage Homes will acquire over 5,500 lots and expects to commence production operations in existing entry-level communities before the end of the year, with a meaningful contribution from these operations in 2025. The acquisition aligns with Meritage's strategy of affordable entry-level homes and aims to bring more affordable quality homes to the Gulf Coast markets.