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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-Q/A
                                Amendment No. 1

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000

                                       OR

[ ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934

                          COMMISSION FILE NUMBER 1-9977


                              MERITAGE CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)


           MARYLAND                                               86-0611231
 (State or Other Jurisdiction                                (I.R.S. Employer of
Incorporation or Organization)                               Identification No.)


 6613 NORTH SCOTTSDALE ROAD, SUITE 200
          SCOTTSDALE, ARIZONA                                       85250
(Address of Principal Executive Offices)                         (Zip Code)


                                 (480) 998-8700
              (Registrant's Telephone Number, Including Area Code)


INDICATE BY CHECK MARK WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED
TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DURING
THE  PRECEDING 12 MONTHS (OR FOR SUCH  SHORTER  PERIOD THAT THE  REGISTRANT  WAS
REQUIRED  TO FILE  SUCH  REPORTS),  AND  (2) HAS  BEEN  SUBJECT  TO SUCH  FILING
REQUIREMENTS FOR THE PAST 90 DAYS: YES [X] NO [ ].

AS OF MAY 1, 2000,  5,563,796 SHARES OF MERITAGE  CORPORATION  COMMON STOCK WERE
OUTSTANDING.

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                              MERITAGE CORPORATION
                 FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2000
                                TABLE OF CONTENTS

                                                                        Page No.
                                                                        --------

PART II.         OTHER INFORMATION

     ITEM 5.     OTHER INFORMATION.....................................    3

     ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K......................    3

SIGNATURES ............................................................   S-1

                                       2

                            PART II OTHER INFORMATION

ITEM 5.  Other Information

     This  Amendment  to Form  10-Q  for the  period  ended  March  31,  2000 is
submitted for the purpose of including Exhibits 10.1, 10.2, 10.3, 10.4, 10.5 and
10.6 that were inadvertently omitted from the 10-Q.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)  EXHIBITS

     Exhibit                                                      Page or
     Number                     Description                   Method of Filing
     ------                     -----------                   ----------------
      10.1      Modification to Guaranty Federal Bank Loan,    Filed herewith
                Dated as of March 29, 2000

      10.2      $3.3 Million Construction Loan Agreement,      Filed herewith
                by and between the Company and Compass Bank,
                Dated as of February 10, 2000

      10.3      Change of Control Agreement between the        Filed herewith
                Company and Steven J. Hilton

      10.4      Change of Control Agreement between the        Filed herewith
                Company and John R. Landon

      10.5      Change of Control Agreement between the        Filed herewith
                Company and Larry W. Seay

      10.6      Change of Control Agreement between the        Filed herewith
                Company and Richard T. Morgan

      27        Financial Data Schedule                        Previously filed
                                                               as Exhibit 27 to
                                                               Form 10-Q for the
                                                               period ended
                                                               March 31, 2000

      99        Private Securities Litigation Reform Act       Previously filed
                of 1995 Safe Harbor Compliance Statement       as Exhibit 99 to
                for Forward-Looking Statements                 Form 10-Q for the
                                                               period ended
                                                               March 31, 2000

(b)  REPORTS ON FORM 8-K

     We filed no reports on Form 8-K during the quarter ended March 31, 2000.

                                        3

                                   SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934,  the registrant has duly cause this report on Form 10-Q to
be signed on its behalf by the undersigned, thereunto duly authorized, this 16th
day of May, 2000.


                                        MERITAGE CORPORATION,
                                        a Maryland Corporation

                                        By /s/ Larry W. Seay
                                           -------------------------------------
                                           Larry W. Seay
                                           Chief Financial Officer and
                                           Vice President-finance (Principal
                                           Financial Officer and Duly
                                           Authorized Officer)

                                       S-1