Profile: D.R. Horton Inc (DHI)
9 Dec 2016
D.R. Horton, Inc., incorporated on July 1, 1991, is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company's segments include its 39 homebuilding divisions, its financial services operations and its other business activities. It operates under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
The Company's 39 homebuilding divisions are aggregated into six segments: East Region, South Central Region, Midwest Region, West Region, Southwest Region and Southeast Region. The East region includes operations located in Georgia, Delaware, North Carolina, Pennsylvania, South Carolina and Virginia; the South Central Region includes operations located in Louisiana, Oklahoma and Texas; the Southwest Region includes operations located in Arizona and New Mexico; the Midwest Region includes operations located in Minnesota, Colorado and Illinois; the West Region includes operations located in California, Hawaii, Nevada, Oregon, Utah and Washington, and the Southeast Region includes operations located in Alabama, Florida, Georgia, Mississippi and Tennessee.
In the homebuilding business, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums. As of September 30, 2016, the Company owned approximately 500 attached residential rental homes. Its home designs are selected or prepared in each of its market for local homebuyers.
The Company's financial services operation comprise selling mortgages and collecting fees for title insurance agency and closing services. DHI Mortgage Company, Ltd., doing business as DHI Mortgage, is a subsidiary of the Company, and provides mortgage financing services to purchasers of its homes in its homebuilding markets. DHI Mortgage originates loans and sells the mortgages it originates and the related servicing rights to third-party purchasers. Its subsidiary title companies serve as title insurance agents by providing title insurance policies, examination and closing services, among others, to its homebuilding customers.
Other business activities
The Company has subsidiaries that engage in other business activities. These subsidiaries conduct insurance-related operations, construct and own income-producing rental properties, own non-residential real estate, including ranch land and improvements, and own and operate oil and gas-related assets.
D.R. Horton Inc
301 Commerce St Ste 500
FORT WORTH TX 76102-4178
Company Web Links
- D.R. Horton posts slowest order growth in nearly three years
- UPDATE 2-D.R. Horton posts slowest order growth in nearly 3 years
- BRIEF-D.R. Horton Q4 earnings per share $0.75
- D.R. Horton's profit boosted by higher home sales
- BRIEF-DHI Mortgage Company Ltd enters into a third amendment to second amended and restated master repurchase agreement