D.R. Horton builds and sells single-family homes, townhomes and condominiums across the United States, mostly for first-time and move-up buyers. Most revenue comes from selling homes it builds on land it buys or controls through purchase contracts, with local divisions managing land, construction and sales. Its own mortgage lender, DHI Mortgage, and its title agency earn fees by financing and closing many of those purchases. The company also builds single-family and multifamily rental communities and sells them to investors once they are leased, adding a second home-sales channel. It was founded in 1978 in Texas and is headquartered in Arlington, Texas.
Company Size
10,001+
Company Stage
IPO
Headquarters
Fort Worth, Texas
Founded
1978
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