D.R. Horton Inc (HO2)

Overview

D.R. Horton, Inc. is a leading homebuilding company founded in 1978, with its headquarters located in Arlington, Texas. It operates across the East, North, Southeast, South Central, Southwest, and Northwest regions of the United States. The company has a widespread presence in 125 markets across 36 states, focusing on the acquisition and development of land, alongside the construction and sale of residential homes under the D.R. Horton brand. It caters primarily to homebuyers, offering a broad spectrum of housing options to meet diverse needs and preferences. Its business extends beyond traditional homebuilding, embracing mortgage financing, title insurance, land development, and the leasing and selling of rental properties, both multi-family and single-family. This expansive approach allows D.R. Horton to provide a comprehensive suite of services to its customers, ensuring a seamless home purchasing experience.

Products and Services

• Single-family detached homes

D.R. Horton constructs and sells single-family detached homes, designed to meet the preferences and needs of individual homebuyers seeking standalone residential properties. These homes offer privacy and space, catering to families, couples, and singles looking for a dedicated dwelling space without shared walls with neighbors.

• Attached homes

The company also specializes in the construction and sale of attached homes, including townhomes, duplexes, and triplexes. This range of housing options caters to buyers seeking more affordable, less maintenance-heavy living spaces, often in community-oriented environments. Attached homes are ideal for first-time buyers, small families, and individuals looking to downsize.

• Mortgage financing services

To facilitate the homebuying process, D.R. Horton provides mortgage financing services, offering potential buyers convenient access to financing options. This service simplifies the purchase process for customers by providing them with the financial resources needed to buy their new home.

• Title insurance and closing services

In addition to construction and financing, D.R. Horton offers title insurance policies and examination and closing services. These services are crucial for ensuring a secure transfer of home ownership, providing buyers with peace of mind knowing their investment is protected against possible title issues.

• Residential lot development

The company engages in the residential lot development business, which involves preparing land for construction and then developing it into buildable lots. This aspect of D.R. Horton's business allows it to create and control the quality and character of the neighborhoods where it builds its homes.

• Multi-family and single-family rental properties

D.R. Horton develops, constructs, owns, leases, and sells both multi-family and single-family rental properties. This diversified portfolio enables the company to cater to the growing market for rental housing, providing options for individuals and families who are not yet ready or willing to purchase a home.

• Non-residential real estate

Beyond its primary focus on residential building and services, D.R. Horton also owns and develops non-residential real estate, including ranch land and improvements. This segment of its portfolio diversifies the company’s assets and provides additional revenue streams beyond traditional homebuilding and related services.