Meritage Homes Posts 1Q Earnings

Scottsdale-based Meritage Homes’ quarterly earnings climbed to $330.7 million for the first quarter of the year, a 62 percent increase from the $204 million earned in the same period in 2012. The company’s current orders for new homes are 35 percent higher than at the same time last year. Meritage relocated its corporate offices in January to the Raintree Corporate Center in the Airpark.