HORTON D.R. INC /DE/, better known as D.R. Horton, Inc., is one renowned company that has been a trailblazer in the residential homebuilding industry. Officially Incorporated in Delaware, the company primarily operates in the United States and it is currently headquartered in Fort Worth, Texas. Initially founded by Donald R. Horton in 1978, it has steadily grown into a top leading nationwide homebuilder.
The company’s operations include the acquisition and development of land, as well as construction and sale of homes in 29 states and 88 markets across the United States. It builds single-family detached homes, as well as attached homes such as town homes, duplexes, triplexes, and condominiums. Their designs are available at various prices, essentially catering to an array of homebuyers in demographic segments ranging from first-time buyers to luxury homes.
A distinguishing facet of D.R. Horton's business model is their robust vertical integration. They manage all aspects related to their operation ranging from land purchase and development to construction and marketing, to mortgage financing and title services. Their subsidiary, DHI Mortgage Company, provides mortgage financing services to the company’s homebuyers, which complements their primary operations and improves the overall buying experience for their customers.
What secures D.R. Horton a strong foothold in the housing market is not only its broad geographic exposure but also multiple recognized brands under its belt. The company operates under different brand names, namely, D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes, each of them catering to a different sector of the housing market, adding to the company's diversified customer base.
D.R. Horton's immense success and reputation can be partially attributed to their customer-centric approach. The company's unwavering commitment to build with excellent quality, value, and superior customer service supports its aspiration of being the "Builder of Choice" in every market. In the fiscal year 2020, the company was able to secure its spot on the Fortune 500 list for the seventh consecutive year, underscoring its strong position in the industry.
Over the years, D.R. Horton consistently has delivered substantial returns to its shareholders and has demonstrated its strong financial health with steady revenues and profits, and stable growth. This makes D.R. Horton not only a remarkable titan in the homebuilding industry but also a compelling investment for those seeking potent stock options.