Meritage Homes of Nevada S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

Meritage Homes Corporation

Calculation of Ratio of Earnings to Total Fixed Charges

(Dollars in thousands)

	Three Months Ended March
	31,			Year Ended December 31,
	2015			2014			2013			2012			2011			2010
Income/(Loss) from continuing operations before income taxes and minority interest	$	25,297			208,417			177,672			28,854			(20,376	)		2,484
Loss/(Income) from equity method investees		(2,421	)		(10,422	)		(12,805	)		(10,233	)		(5,849	)		(5,243	)
		22,876			197,995			164,867			18,621			(26,225	)		(2,759	)
Add/(deduct):
+ Fixed Charges		15,791			60,541			53,285			47,968			45,441			45,936
+ Amortization of Capitalized Interest		9,345			32,143			24,668			15,101			9,863			12,228
+ Distributed income of equity method investees		3,035			11,613			13,013			9,648			6,497			7,263
- Interest capitalized		(12,128	)		(53,211	)		(36,060	)		(21,891	)		(12,994	)		(9,720	)
Earnings available for fixed charges	$	38,919			249,081			219,773			69,447			22,582			52,948
Fixed Charges:
Interest and other financial charges expensed and capitalized		15,282			58,374			51,152			46,135			43,393			43,442
Interest factor attributed to rentals (a)		509			2,167			2,133			1,833			2,048			2,494
Fixed Charges	$	15,791			60,541			53,285			47,968			45,441			45,936
Ratio of earnings to fixed charges (b)		2.5	x		4.1	x		4.1	x		1.4	x		0.5	x (c)		1.2	x

(a) The interest factor attributable to rentals consists of one-third of rental charges, which is deemed by the Company to be representative of the interest factor inherent in rent.

(b) There was no outstanding preferred stock during the periods presented; therefore, the ratio of earnings to fixed charges and earnings to combined fixed charges and preferred stock dividends were the same.

(c) Earnings were not adequate to cover fixed charges by $22.9 million for the year ended December 31, 2011.