Meritage Homes Corporation Names Steve Davis Executive Vice President - National Homebuilding Operations

Dallas, Texas, UNITED STATES


SCOTTSDALE, Ariz., Oct. 16, 2006 (PRIMEZONE) -- Meritage Homes Corporation (NYSE:MTH), a leading U.S. homebuilder, today announced the appointment of Steve Davis as executive vice president - national homebuilding operations, reporting to Steven J. Hilton, chairman and chief executive officer of Meritage.

"Steve's wealth of knowledge and solid experience in our industry makes him an invaluable asset for Meritage, and we are fortunate to have him join our team," said Hilton.

Davis brings 24 years of homebuilding experience to Meritage. Most recently, he led a start-up operation for a major homebuilder in the post-hurricane Katrina Gulf Coast. Prior to that, he held region president responsibilities, including participation on corporate-level committees focused on construction, customer service and purchasing, and successfully executed a turnaround strategy that significantly improved customer satisfaction while gaining operating efficiencies.

In this newly created role, Davis will be a key member of Meritage's leadership team, with responsibilities including oversight of the Company's customer satisfaction, national supply chain and national marketing initiatives, and the implementation of best practices across its operating divisions. Additionally, Davis will collaborate in the development of the Company's training programs, technology upgrades, as well as oversight of joint ventures, land and acquisition strategies.

Davis graduated from Park University with a master's degree in operations management and a bachelor's degree in business management from the University of Arkansas. He will be based in the Meritage corporate office in Scottsdale, Arizona.

About Meritage Homes Corporation

Meritage Homes Corporation (NYSE:MTH) is a leader in the homebuilding industry. The Company is ranked by Builder magazine as the 13th largest homebuilder in the U.S., in the S&P SmallCap 600 Index, and has been perennially included on Forbes' "Platinum 400 - Best Big Companies in America," the Fortune 1000 and Fortune's "Fastest Growing Companies in America" lists. Meritage operates in many of the highest growth housing markets of the southern and western United States, including six of the top 10 single-family housing markets in the country during 2005, and has reported 18 consecutive years of record revenue and net earnings. For more information about the Company, visit www.meritagehomes.com. Meritage is a member of the Public Home Builders Council of America (www.phbca.org).

The Meritage Homes Corporation logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2624



        

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