D.R. Horton was founded as a local home-builder in the Dallas/Fort Worth area by Donald R. Horton in 1978. The company grew to a regional and then a national home-builder, finally becoming one of the country’s largest home-builders with almost 20,000 homes built in 2012.
In April 2015, the company acquired Pacific Ridge Homes for $72 million. This acquisition included 350 lots, 90 homes in inventory and 40 homes in sales order backlog. The company also acquired control of about 400 lots through option contracts.
D.R. Horton’s homes range in size from 1,000 to 4,000 square feet and have an average sale price of $249,400.
The company acquired Wilson Parker Homes for $90 million in 2016.
The company sells publicly on the New York Stock Exchange under the ticker symbol DHI, is a member of the S&P 500, is #418 in the Fortune 500, is #43 in Fortune’s list of Fastest-Growing Companies, has 5,621 employees, and had 14.09 billion in revenue in 2017.
The company operates three separately branded divisions: Emerald Homes, Express Homes, and Freedom Homes. Express Homes is tailored to entry-level buyers while the Emerald Homes brand is sold as luxury homes. Freedom Homes caters to the mature but active adult community, aged 55 and over.
In 2017, the company was listed as the largest home builder in the US, based on the number of closed home sales. The company reports 45,751 new home deliveries in 2017.