FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * SARVER ROBERT GARY   2. Issuer Name and Ticker or Trading Symbol Meritage Homes CORP [MTH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 17851 NORTH 85TH STREET, SUITE 300 3. Date of Earliest Transaction (Month/Day/Year) 11/05/2004 (Street) SCOTTSDALE, AZ 85255 4. If Amendment, Date Original Filed(Month/Day/Year) 11/09/2004 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

FORWARD SALE CONTRACT (OBLIGATION TO SELL)

(1)

11/10/2004

J/K(1)

200,000 (1)

01/12/2007(1)

01/12/2007(1)

MTH COMMON STOCK

200,000 (1)

(1)

200,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SARVER ROBERT GARY 17851 NORTH 85TH STREET, SUITE 300 SCOTTSDALE, AZ 85255	X

Signatures

/s/ Robert G. Sarver		01/17/2007
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	See Exhibit 99.1 attached to this Form 4/A
Remarks: On Novembr 10, 2004, the reporting person filed a Form 4 reporting the open market or private sale of 128,200 shares of Meritage Homes Corporation common stock.  The reporting person has subsequently determined that he inadvertently reported this transaction incorrectly.  This Form 4 is being filed to correctly report the transaction as stated in Exhibit 99.1 to this Form 4.  This Form 4, together with a Form 4 originally filed on November 10, 2004 (relating to the sale of 71,800 shares), are being amended on the date hereof to report the transaction as a single forward sale contract.  Since the filing of the Form 4 referred to above, Meritage Homes Corporation effected a two-for-one stock split in January 2005.  Accordingly, the number of split-adjusted Base Amount shares subject to the Agreement described above is 400,000 and the per share prices referred to above are similarly adjusted.

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