Scottsdale-based residential homebuilder Meritage Homes will double the size of its headquarters next year in the first phase of an office complex under construction in the Perimeter Center.

Scottsdale homebuilder Meritage Homes said it will likely increase its per-share earnings by 43 percent after posting record sales, closings and orders in 2004.

Meritage Homes set its 18th consecutive year of record revenue in 2005, hitting $3 billion in revenue for the first time in the company’s history.

The long-term prospects for the housing industry are positive, as homebuilders face strong demand from retiring baby boomers and their children, who are entering the home market for the first time.

Scottsdale-based Meritage Homes said Thursday one of its chief executives resigned to pursue other business interests, a surprising move given the company’s recent financial performance and rosy outlook.

While Scottsdale-based Meritage homes builds houses for others, they’ve finally got a new one of their own. The 225-person headquarters just moved into a three-story glass and stone 90,000-square-foot building off Princess Drive next to Taser’s headquarters.

A U.S. District Court jury has awarded $111 million in damages to Scottsdale-based Meritage Homes Corp. in its lawsuit filed against Greg Hancock, the owner of Hancock Communities.

The developer of the Eastmark master-planned community in east Mesa has named seven homebuilders who will construct about 700 new houses next year in response to growing demand for housing in the Valley. Scottsdale-based DMB Associates anticipates the first homes will be available in mid-2013 as the first residential development takes shape on 3,200 acres it owns at the former General Motors Proving Grounds.

Homebuilders slapped on solar panels and added other eco-friendly enhancements as energy prices soared earlier this year, hoping greener homes would lure reluctant buyers.

More than 50,000 existing homes are currently on the market in the Valley.

For the third consecutive year, Farnsworth Homes in Mesa ranked highest in a 2006 homebuilder satisfaction survey compiled by J.D. Power and Associates.

Mesa’s planning staff is recommending denial of requests for general plan amendments to allow for housing developments near Williams Gateway Airport and in north Mesa.

September 13, 2004

Inside the models at Meritage Homes' Lyon's Gate community in Gilbert, the theme is quickly noticeable.

Growing interest from buyers, reduced inventory and a slight uptick in construction has homebuilders with communities across the south East Valley cautiously optimistic about 2009.

More than 50,000 existing homes are currently on the market in the Valley. But if some of you potential buyers out there feel you still don’t have enough options, there are plenty more on the way.

Local hotel industry insiders say Montelucia, the $200 million reincarnation of sprawling Paradise Valley resort La Posada, will debut as an InterContinental when it welcomes guests in late 2007.

For the second straight year, Mesa-based Farnsworth Homes ranked highest among Valley home builders in a recently released customer satisfaction survey by J.D. Power and Associates. Farnsworth was followed by Michigan-based Pulte Homes and Tempe-based T.W. Lewis.

Six home builders are coming together to resurrect a master-planned community in south Gilbert that stalled during the recession.

Scottsdale officials Tuesday hired a private law firm for $150,000 in preparation for an upcoming trial in which a local office complex is suing the city for up to $11.3 million for contributing to flooding.

The mortgage industry’s tailspin from lofty heights has left potential Valley homebuyers scrambling to pick up the pieces of shattered deals, as lending standards tighten on a near-daily basis.

With the practice putting green of the Phoenician resort serving as a backdrop, CNBC showcased the Valley and state for two hours Tuesday.

A wave of urban growth continues to roll toward open land in north Scottsdale. A residential developer made a successful bid of $92.2 million Wednesday to purchase 288 acres of state trust land about a mile west of Scottsdale’s boundary just north of Loop 101, in the area of north Phoenix known as Desert Ridge.