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DR Horton Inc.
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Stock Symbol: DHI

301 Commerce Street
Suite 500
Fort Worth, TX 76102
Phone: 817-390-8200
Fax: 817-856-8249

Web Site: DR Horton

Index Membership: S&P 500; S&P 1500 Super Comp

Industry: Residential Construction

News releases - read news releases for DR Horton Inc.

D.R. Horton, Inc. Description:
D.R. Horton, Inc. is the largest homebuilding company in the United States, based on homes closed during the twelve months ended September 30, 2007. They construct and sell high quality homes through their operating divisions in 27 states and 83 metropolitan markets of the United States. In 1991, they were incorporated in Delaware to acquire the assets and businesses of predecessor companies which were residential home construction and development companies owned or controlled by Mr. Horton.

Through their financial services operations, they provide mortgage banking and title agency services to homebuyers in many homebuilding markets. DHI Mortgage, a wholly-owned subsidiary, provides mortgage financing services, principally to the purchasers of the homes they build.

Their financial reporting segments consist of seven homebuilding segments and a financial services segment. Their homebuilding operations are by far the most substantial part of our business, comprising approximately 98% of consolidated revenues. Homebuilding operations generate most of their revenues from the sale of completed homes, with a lesser amount from the sale of land and lots. In addition to building traditional single-family detached homes, they also build attached homes, such as town homes, duplexes, triplexes and condominiums (including some mid-rise buildings), which share common walls and roofs. The sale of detached homes generated approximately 81%, 80%, and 83% of home sales revenues in fiscal 2007, 2006 and 2005, respectively. Their financial services segment generates its revenues from originating and selling mortgages and collecting fees for title insurance agency and closing services.

D.R. Horton's principal executive offices are located at 301 Commerce Street, Suite 500, Fort Worth, Texas 76102. DR Horton employs approximately 6,000 people.

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