Scottsdale homebuilder plans to build in 300 US communities by 2021

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

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.