Exhibit 12.1

Meritage Homes Corporation

Calculation of Ratio of Earnings to Total Fixed Charges

				Year Ended December 31,
	Six months ended June 30, 2012			2011			2010			2009			2008			2007
(Loss)/Income from continuing operations before income taxes and minority interest	$	(1,732	)	$	(20,376	)	$	2,484		$	(154,799	)	$	(275,966	)	$	(456,482	)
Loss/(Income) from equity method investees		(3,651	)		(5,849	)		(5,243	)		(4,013	)		17,038			40,229
	$	(5,383	)	$	(26,225	)	$	(2,759	)	$	(158,812	)	$	(258,928	)	$	(416,253	)
Add/(deduct):
+ Fixed Charges	$	23,102		$	45,441		$	45,936		$	50,123		$	53,526		$	67,109
+ Amortization of Capitalized Interest		5,430			9,863			12,228			25,951			37,233			47,051
+ Distributed income of equity method investees		2,995			6,497			7,263			8,286			10,049			15,929
- Interest capitalized		(8,456	)		(12,994	)		(9,720	)		(10,359	)		(25,606	)		(55,431	)
Earnings available for fixed charges:	$	17,688		$	22,582		$	52,948		$	(84,811	)	$	(183,726	)	$	(341,595	)
Fixed Charges:
Interest and other financial charges expensed and capitalized	$	22,165		$	43,393		$	43,442		$	46,890		$	49,259		$	62,176
Interest factor attributed to rentals (a)		937			2,048			2,494			3,233			4,267			4,933
Total Fixed Charges:	$	23,102		$	45,441		$	45,936		$	50,123		$	53,526		$	67,109
Ratio of earnings to fixed charges:		0.8	x		0.5	x		1.2	x		(b	)		(b	)		(b	)

(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) Earnings were not adequate to cover fixed charges by $134.9 million, $237.3 million and $408.7 million for the years ended December 31, 2009, 2008 and 2007, respectively.