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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