Meritage Homes completes acquisition of the assets of Elliott Homes to enter Gulf Coast markets
10/30/24, 12:22 PM
Location
scottsdalegulfportIndustry
construction
real estate
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.
Company Info
Location
Scottsdale, Arizona, United States
Company info
Meritage Homes is the fifth-largest public homebuilder in the United States, offering energy-efficient and affordable entry-level and first move-up homes. With a history of delivering over 190,000 homes, Meritage Homes has a reputation for its distinctive style, quality construction, and award-winning customer experience. The company is also an industry leader in energy-efficient homebuilding, with multiple recognitions from the U.S. Environmental Protection Agency.