D.R. Horton Inc.

Public Company, Headquarters Location
301 Commerce St., Ste. 500, Fort Worth, TX 76102-4178, United States
(817)390-8200, http://www.drhorton.com

Primary SIC: Operative Builders, Primary NAICS: New Housing Operative Builders
Description: D.R. Horton Inc. was founded by Donald R. Horton in 1978 and the company was incorporated in 1991 in Delaware. In 1992, D.R. Horton completed an initial public offering and is traded on the NYSE. The company is the largest homebuilder in the United States, based on homes closed during the 12-month period ending September 30, 2008. The company's growth was achieved by investing in existing and new markets as well as numerous acquisitions. D.R. Horton currently constructs and sells homes through operating divisions in 27 states and 77 metropolitan markets in the United States, primarily under the name of D.R. Horton, America's Builder. In addition to building single-family detached homes, the company also builds town homes, duplexes, triplexes and condominiums. The current economic downturn resulted in a decrease in the size of the company's operations during fiscal 2007 and 2008. For the year ended September 30, 2008, D.R. Horton closed 26,396 homes with an average closing sales price of $233,500. DHI Mortgage, a wholly-owned subsidiary, originates and sells mortgages. D.R. Horton's subsidiary title companies provide title insurance policies and closing services. Financial services are provided primarily to purchasers of D.R. Horton homes and account for only 2% of consolidated revenues.Construction: Custom single-family homes.