Third Quarter 2021 Supplemental Data

Orders and Absorptions

Quarterly Orders and Absorptions by State & Region

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

Monthly

Monthly

Monthly

Monthly

Monthly

Monthly

Monthly

Monthly

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Arizona

354

3.5

570

5.9

737

6.9

709

6.5

485

4.8

602

6.1

624

5.9

550

4.8

California

231

3.2

352

4.4

388

4.5

510

7.1

280

5.2

286

5.4

344

5.9

319

5.6

Colorado

142

2.5

199

4.3

153

3.9

188

5.2

210

6.4

169

4.9

181

4.2

207

4.2

West Region

727

3.1

1,121

5.0

1,278

5.5

1,407

6.5

975

5.2

1,057

5.7

1,149

5.5

1,076

4.9

Texas

697

3.1

1,059

4.6

1,215

5.5

1,183

6.3

1,019

5.6

1,115

6.1

1,101

6.0

1,070

5.4

Central Region

697

3.1

1,059

4.6

1,215

5.5

1,183

6.3

1,019

5.6

1,115

6.1

1,101

6.0

1,070

5.4

Florida

255

2.5

317

3.2

390

3.7

491

4.7

447

4.6

479

5.2

468

4.9

534

4.9

Georgia

106

2.0

156

3.2

190

4.0

172

4.1

147

5.4

164

5.8

193

5.8

176

5.3

No.Carolina

207

2.9

287

4.3

326

5.3

386

6.3

368

6.0

419

6.2

390

5.2

347

4.4

So. Carolina

49

1.7

87

3.6

95

5.3

90

5.5

108

6.0

76

4.2

88

4.5

100

3.7

Tennessee

52

1.9

75

2.4

103

3.0

122

4.1

110

4.6

148

6.6

153

5.7

138

4.8

East Region

669

2.4

922

3.4

1,104

4.1

1,261

4.9

1,180

5.2

1,286

5.6

1,292

5.2

1,295

4.7

Total

2,093

2.8

3,102

4.3

3,597

5.0

3,851

5.8

3,174

5.3

3,458

5.8

3,542

5.5

3,441

5.0

2

Orders and Absorptions (CY/PY)

Quarterly Orders and Absorptions by State & Region (CY/PY)

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Orders

Absorptions

Arizona

18%

46%

25%

44%

27%

32%

47%

55%

37%

38%

6%

2%

-15%

-15%

-22%

-25%

California

112%

37%

111%

51%

87%

35%

158%

137%

21%

63%

-19%

23%

-11%

29%

-37%

-21%

Colorado

22%

29%

-2%

35%

-30%

18%

21%

107%

48%

155%

-15%

15%

18%

6%

10%

-20%

West Region

38%

38%

35%

41%

27%

31%

68%

88%

34%

65%

-6%

13%

-10%

-1%

-24%

-25%

Texas

18%

46%

22%

41%

47%

58%

82%

114%

46%

83%

5%

34%

-9%

8%

-10%

-14%

Central Region

18%

46%

22%

41%

47%

58%

82%

114%

46%

83%

5%

34%

-9%

8%

-10%

-14%

Florida

34%

19%

5%

-1%

18%

14%

68%

73%

75%

86%

51%

65%

20%

32%

9%

6%

Georgia

13%

37%

8%

36%

28%

59%

25%

73%

39%

176%

5%

82%

2%

47%

2%

30%

No.Carolina

39%

33%

25%

39%

36%

59%

105%

124%

78%

105%

46%

45%

20%

-2%

-10%

-29%

So. Carolina

-26%

-5%

7%

56%

38%

129%

64%

183%

120%

246%

-13%

17%

-7%

-15%

11%

-32%

Tennessee

37%

53%

-1%

-1%

-6%

-10%

23%

23%

112%

138%

97%

177%

49%

89%

13%

19%

East Region

25%

29%

11%

20%

23%

36%

63%

87%

76%

118%

39%

67%

17%

25%

3%

-4%

Total

27%

37%

23%

35%

32%

42%

71%

94%

52%

87%

11%

36%

-2%

9%

-11%

-15%

3

Orders and Average Communities by Product Type

Orders and Average Communities by Product Type

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Entry-Level

1,146

111.00

1,906

119.00

2,511

128.50

2,644

131.50

2,277

133.50

2,636

144.50

2,858

161.50

2,874

178.50

1st Move-Up

778

103.50

1,020

96.00

938

86.50

990

69.50

762

53.00

684

44.50

595

45.50

520

46.50

Other

169

32.50

176

27.50

148

24.00

217

19.50

135

13.00

138

10.00

89

7.50

47

6.00

Total

2,093

247.00

3,102

242.50

3,597

239.00

3,851

220.50

3,174

199.50

3,458

199.00

3,542

214.50

3,441

231.00

Orders and Average Communities by Product Type (Pct% of Totals)

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Orders

Communities

Entry-Level

54.8%

44.9%

61.4%

49.1%

69.8%

53.8%

68.7%

59.6%

71.7%

66.9%

76.2%

72.6%

80.7%

75.3%

83.5%

77.3%

1st Move-Up

37.2%

41.9%

32.9%

39.6%

26.1%

36.2%

25.7%

31.5%

24.0%

26.6%

19.8%

22.4%

16.8%

21.2%

15.1%

20.1%

Other

8.1%

13.2%

5.7%

11.3%

4.1%

10.0%

5.6%

8.8%

4.3%

6.5%

4.0%

5.0%

2.5%

3.5%

1.4%

2.6%

Total

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

4

Home Closings and Home Closing Revenue (CY/PY)

Closings and Home Closing Revenue CY/PY

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

Closings

Revenue

Closings

Revenue

Closings

Revenue

Closings

Revenue

Closings

Revenue

Closings

Revenue

Closings

Revenue

Closings

Revenue

Arizona

28%

33%

55%

54%

10%

14%

-3%

-1%

21%

22%

-11%

-9%

13%

17%

24%

35%

California

38%

26%

58%

57%

87%

80%

66%

49%

56%

58%

33%

28%

29%

32%

-11%

-12%

Colorado

-4%

-8%

10%

3%

9%

-1%

8%

3%

-9%

-17%

-6%

-8%

-21%

-16%

-21%

-9%

West Region

23%

19%

43%

38%

24%

28%

17%

19%

25%

27%

1%

4%

10%

15%

3%

4%

Texas

-4%

-8%

43%

34%

11%

2%

31%

26%

43%

36%

24%

24%

26%

36%

-4%

10%

Central Region

-4%

-8%

43%

34%

11%

2%

31%

26%

43%

36%

24%

24%

26%

36%

-4%

10%

Florida

17%

17%

4%

3%

31%

24%

12%

5%

41%

25%

77%

50%

21%

16%

14%

12%

Georgia

-3%

-7%

-3%

0%

36%

36%

28%

34%

24%

29%

27%

31%

3%

6%

-22%

-17%

No.Carolina

60%

57%

42%

40%

47%

40%

43%

27%

23%

14%

35%

35%

15%

21%

26%

48%

So. Carolina

-29%

-32%

-7%

-11%

40%

30%

4%

7%

46%

48%

60%

60%

-17%

-7%

18%

24%

Tennessee

63%

64%

-5%

-3%

11%

9%

42%

38%

21%

7%

87%

54%

90%

84%

27%

28%

East Region

20%

19%

10%

10%

35%

29%

25%

19%

32%

22%

55%

43%

18%

19%

13%

19%

Total

13%

11%

31%

27%

23%

20%

24%

21%

32%

28%

25%

21%

18%

23%

4%

10%

5

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Disclaimer

Meritage Homes Corporation published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 16:12:04 UTC.