Key Developments: D.R. Horton Inc (DHI.N)

DHI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

DR Horton Inc Announces Intent to Offer $350 Million in Senior Notes Due 2022
Tuesday, 11 Sep 2012 08:06am EDT 

DR Horton Inc announced that it intends to offer and sell approximately $350 million in aggregate principal amount of senior unsecured notes due 2022 in an offering registered under the Company‚Äôs currently effective shelf registration statement. The Company intends to use the net proceeds of the offering for general corporate purposes. RBS Securities Inc. is acting as the Sole Book-Running Manager for the senior notes offering. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC are acting as Co-Managers in the transaction.  Full Article

DR Horton Inc Acquires Homebuilding Assets Of Breland Homes
Wednesday, 15 Aug 2012 11:35am EDT 

DR Horton Inc announced the acquisition of the homebuilding operations of Breland Homes (Breland), which operates in Huntsville, Mobile and Baldwin County in Alabama and along the gulf coast of Mississippi. The homebuilding operating assets included approximately 320 homes in inventory and 1,020 finished lots. D.R. Horton will also control an additional 3,700 lots through option contracts. In calendar 2011, Breland closed 684 homes ($130 million in revenue), and was ranked as the 38th largest builder in the United States by Builder Magazine. Breland`s average home size is approximately 2,200 square feet with an average sales price of $200,000.  Full Article

DR Horton Inc Issues Q4 2012 Earning Guidance Above Analysts' Estimates-Conference Call
Wednesday, 1 Aug 2012 10:00am EDT 

DR Horton Inc announced that for fourth quarter of 2012, it expects net income to be approximately $85 million. According to I/B/E/S Estimates, analysts are expecting the Company to report net income of $79 million for fourth quarter of 2012.  Full Article

DR Horton Inc Declared Quarterly Cash Dividend
Friday, 27 Jul 2012 07:00am EDT 

DR Horton Inc announced that it has declared a quarterly cash dividend of $0.0375 per share. The dividend is payable on August 24, 2012 to stockholders of record on August 13, 2012.  Full Article

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Scarce land could blunt recovery for U.S. homebuilders

- A resurgent U.S. housing market has created an unforeseen land shortage that could take the shine off an otherwise promising year for homebuilders.

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