UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                               (Amendment No. _ )*

                           Meritage Homes Corporation
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                                (Name of Issuer)

                                  Common Stock
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                         (Title of Class of Securities)

                                    59001A102
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                                 (CUSIP Number)

                                December 31, 2007
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             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      [X] Rule 13d-1(b)

      [ ] Rule 13d-1(c)

      [ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



                                  SCHEDULE 13G

CUSIP No. 59001A102

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      1.    Names of Reporting Persons. I.R.S. Identification Nos. of above
            persons (entities only).
            Invesco Ltd.

            PowerShares Capital Management LLC PowerShares Capital Management
            Ireland LTD AIM Funds Management, Inc.

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      2.    Check the Appropriate Box if a Member of a Group (see Instructions)

            (a)
            (b)

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      3.    SEC Use Only _______________________________________________

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      4.    Citizenship or Place of Organization

                  PowerShares Capital Management LLC - US
                  PowerShares Capital Management Ireland LTD - Ireland
                  AIM Funds Management, Inc. - Canada

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                        5.    Sole Voting Power 2,492,536: Such shares are held
                              by the following entities in the respective
                              amounts listed:

                                    PowerShares Capital Management LLC - 4,458
                                    PowerShares Capital Management Ireland LTD -
                                    21 AIM Funds Management, Inc. - 2,488,057

Number of Shares    ------------------------------------------------------------
Beneficially Owned
by Each Reporting       6.   Shared Voting Power
Person With
                             -0-

                    ------------------------------------------------------------

                        7.   Sole Dispositive Power 2,492,536: Such
                             shares are held by the following
                             entities in the respective amounts
                             listed:

                                    PowerShares Capital Management LLC - 4,458
                                    PowerShares Capital Management Ireland LTD -
                                    21 AIM Funds Management, Inc. - 2,488,057

                    ------------------------------------------------------------

                        8.    Shared Dispositive Power

                              -0-

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      9.    Aggregate Amount Beneficially Owned by Each Reporting Person:

            2,492,536

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      10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares
            (See Instructions)

            N/A

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      11.   Percent of Class Represented by Amount in Row (9)

            9.50%

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      12.   Type of Reporting Person (See Instructions)
            IA, HC. See Items 2 and 3 of this statement.



                                  SCHEDULE 13G

Item 1(a) Name of Issuer:

           Meritage Homes Corporation

Item 1(b) Address of Issuer's Principal Executive Offices:

          17851 North 85th Street
          #300
          Scottsdale, AZ 85255
          United States

Item 2(a) Name of Person Filing:

          Invesco Ltd.

          In accordance with Securities and Exchange Commission Release No.
          34-39538 (January 12, 1998), this statement on Schedule 13G or
          amendment thereto is being filed by Invesco Ltd. ("Invesco"), a
          Bermuda Company, on behalf of itself and its subsidiaries listed in
          Item 4 of the cover of this statement. Invesco through such
          subsidiaries provides investment management services to institutional
          and individual investors worldwide.

          Executive officers and directors of Invesco or its subsidiaries may
          beneficially own shares of the securities of the issuer to which this
          statement relates (the "Shares"), and such Shares are not reported in
          this statement. Invesco and its subsidiaries disclaim beneficial
          ownership of Shares beneficially owned by any of their executive
          officers and directors. Each of Invesco's direct and indirect
          subsidiaries also disclaim beneficial ownership of Shares beneficially
          owned by Invesco and any other subsidiary.

Item 2(b) Address of Principal Business Office:

          1360 Peachtree Street NE
          Atlanta, GA 30309
          United States

Item 2(c) Citizenship:

          See  the response to Item 2(a) of this statement.

Item 2(d) Title of Class of Securities:

          Common Stock, $.01 par value per share

Item 2(e) CUSIP Number:

          59001A102

Item 3    If this statement is filed pursuant to ss240.13d-1(b) or 240.13d-2(b)
          or (c), check whether the person filing is a:

  (e) [x] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)
          (E)

  (g) [x] A parent holding company or control person in accordance with section
          240.13d-1(b)(1)(ii)(G)

          As noted in Item 2 above, Invesco is making this filing on behalf of
          its subsidiaries listed herein. Each of these entities is either an
          investment adviser registered with the United States Securities and
          Exchange Commission under Section 203 of the Investment Advisers Act
          of 1940, as amended, or under similar laws of other jurisdictions.
          Invesco is a holding company.



Item 4    Ownership:

          Please see responses to Items 5-8 on the cover of this
          statement, which are incorporated herein by reference.

Item 5    Ownership of Five Percent or Less of a Class:

          If this statement is being filed to report the fact that as of the
          date hereof the reporting person has ceased to be the beneficial owner
          of more than five percent of the class of securities, check the
          following [ ]

Item 6    Ownership of More than Five Percent on Behalf of Another Person:

          N/A

Item 7    Identification and Classification of the Subsidiary Which Acquired
          the Security Being reported on By the Parent Holding Company: Please
          see Item 3 of this statement, which is incorporated herein by
          reference.

Item 8    Identification and Classification of Members of the Group:

          N/A

Item 9    Notice of Dissolution of a Group:

          N/A

Item 10   Certification: By signing below I certify that, to the best of my
          knowledge and belief, the securities referred to above were acquired
          and are held in the ordinary course of business and were not acquired
          and are not held for the purpose of or with the effect of changing or
          influencing the control of the issuer of the securities and were not
          acquired and are not held in connection with or as a participant in
          any transaction having that purpose or effect.

          Signature:

          After reasonable inquiry and to the best of my knowledge and belief, I
          certify that the information set forth in this statement is true,
          complete and correct.

                                              02/09/2008
                                        ----------------------------------------
                                                 Date

                                        Invesco Ltd.

                                        By: /s/ Lisa Brinkley
                                        ----------------------------------------
                                        Lisa Brinkley
                                        Global Compliance Director