Meritage Homes Investor Presentation — April 2022

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ANALYST CONFERENCE CALL

APRIL 28, 2022SAFE HARBOR

2The information included in this presentation contains forward -looking statements within the meaning of the Private Securities L itigation Reform Act of 1995. Such

statements include expectations about the housing market in general; projected 2022 home closings, home closing revenue, home closing gross margins, effective tax

rate and diluted earnings per share; future community counts; trends in construction costs; and expectations about our future results.

Such statements are based on the current beliefs and expectations of Company management and current market conditions, which aresubject to significant uncertainties

and fluctuations. Actual results may differ from those set forth in the forward -looking statements. The Company makes no commitm ent, and disclaims any duty, except as

required by law, to update or revise any forward -looking statements to reflect future events or changes in these expectations. M eritage's business is subject to a number

of risks and uncertainties. As a result of those risks and uncertainties, the Company's stock and note prices may fluctuate d ramatically.

These risks and uncertainties include, but are not limited to, the following: changes in interest rates and the availability andpricing of residential mortgages; the potential

benefits of rate locks; inflation in the cost of materials used to develop communities and construct homes; trends in constru ction costs, supply chain and labor constraints;

our ability to acquire and develop lots may be negatively impacted if we are unable to obtain performance and surety bonds; t he ability of our potential buyers to sell their

existing homes; legislation related to tariffs; the adverse effect of slow absorption rates; impairments of our real estate i nventory; cancellation rates; competition; home

warranty and construction defect claims; failures in health and safety performance; fluctuations in quarterly operating resul ts;our level of indebtedness; our ability to

obtain financing if our credit ratings are downgraded; our potential exposure to and impacts from natural disasters or severe weather conditions; the availability and cost

of finished lots and undeveloped land; the success of our strategy to offer and market entry -level and first move -up homes; a ch ange to the feasibility of projects under

option or contract that could result in the write -down or write -off of earnest money or option deposits; our limited geographic diversification; the replication of our energy -

efficient technologies by our competitors; shortages in the availability and cost of subcontract labor; our exposure to infor mation technology failures and security breaches