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INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summary of Condensed Financial Information Related to Unconsolidated Equity Method Joint Ventures, Assets Liabilities and Equity (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024 | Mar. 31, 2025 | Dec. 31, 2024 | Mar. 31, 2024 | Dec. 31, 2023
Assets |  |  |  |  |  |  |  |  |
Real estate |  | $ 5,963,674 |  | $ 5,963,674 |  |  | $ 5,728,775 |  |
Other assets |  | 1,536,660 |  | 1,536,660 |  |  | 1,212,739 |  |
Total assets |  | 7,756,369 |  | 7,756,369 |  |  | 7,162,654 |  |
Equity of: |  |  |  |  |  |  |  |  |
Meritage |  | 5,269,174 | $ 4,882,534 | 5,269,174 | $ 4,882,534 | $ 5,194,744 | 5,141,573 | $ 4,720,573 | $ 4,611,900
Total liabilities and stockholders’ equity |  | 7,756,369 |  | 7,756,369 |  |  | 7,162,654 |  |
Earnings/(loss) from financial services unconsolidated entities and other, net |  |  |  | 2,164 | 2,627 |  |  |  |
Unconsolidated entities |  |  |  |  |  |  |  |  |
Equity of: |  |  |  |  |  |  |  |  |
Earnings/(loss) from financial services unconsolidated entities and other, net |  | 2,186 | $ 2,288 | 3,067 | $ 3,741 |  |  |  |
Equity Method Investment, Nonconsolidated Investee |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Real estate |  | 80,374 |  | 80,374 |  |  | 66,443 |  |
Other assets |  | 6,208 |  | 6,208 |  |  | 7,286 |  |
Total assets |  | 98,766 |  | 98,766 |  |  | 78,163 |  |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and other liabilities |  | 7,035 |  | 7,035 |  |  | 7,148 |  |
Equity of: |  |  |  |  |  |  |  |  |
Meritage | [1] | 34,835 |  | 34,835 |  |  | 27,735 |  |
Other |  | 56,896 |  | 56,896 |  |  | 43,280 |  |
Total liabilities and stockholders’ equity |  | 98,766 |  | 98,766 |  |  | 78,163 |  |
Cash |  | 12,184 |  | 12,184 |  |  | 4,434 |  |
Cash |  | $ 12,184 |  | $ 12,184 |  |  | $ 4,434 |  |
[1] | Balance represents Meritage’s interest, as reflected in the financial records of the respective joint ventures. This balance may differ from the balance reported in the accompanying unaudited consolidated financial statements due to the following reconciling items: (i) timing differences for revenue and distributions recognition, (ii) step-up basis and corresponding amortization, (iii) capitalization of interest on qualified assets, (iv) income deferrals as discussed in Note (2) below and (v) the cessation of allocation of losses from joint ventures in which we have previously written down our investment balance to zero and where we have no commitment to fund additional losses.

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