Full Description

D.R. Horton, Inc. (D.R. Horton) incorporated in 1991, is a homebuilding company in the United States. It constructs and sells homes, through the operating divisions in 27 states and 75 metropolitan markets of the United States. The Company’s homes range in size from 1000 to 4000 square feet. During the fiscal year ended September 30, 2009 (fiscal 2009), the Company closed 16,703 homes. The Company’s operating segments consists of six homebuilding segments and a financial services segment. In fiscal 2009, the homebuilding operations comprised of 99% of the consolidated revenues of the Company. In addition to building single-family detached homes, D.R. Horton also build attached homes, such as town homes, duplexes, triplexes and condominiums (including some mid-rise buildings), which share common walls and roofs. In fiscal 2009, the sale of detached homes generated approximately 81% of the home sales revenues.

Through the financial services operations, the Company provide mortgage financing and title agency services to homebuyers in many of the homebuilding markets. DHI Mortgage, the Company’s wholly owned subsidiary, provides mortgage financing services principally to the purchasers of homes it builds.