NewsBusiness

Actions

Scottsdale homebuilder plans to build in 300 US communities by 2021

Posted: 12:00 PM, Feb 01, 2020
Updated: 2020-02-01 14:05:45-05
Clubhouse/Pool Ammenity at Marley Park by Meritage Homes, Surpri

Steve Hilton is serious about building more affordable, entry-level homes.

The chairman and CEO of Scottsdale-based Meritage Homes Corp. told analysts Thursday during a fourth-quarter 2019 earnings call he plans his company to build in 300 communities nationwide by the end of 2021.

That's up from 258 communities the Scottsdale-based home builder was building in at the end of 2019.

During the third quarter, the company put 16,400 more lots under its control, bringing the total for the year to 18,000 new lots added for 140 new communities nationwide, Hilton told analysts during the earnings call.

Read more from the Phoenix Business Journal.