D.R. Horton, Inc. is the largest homebuilder in the U.S., operating in 118 markets across 33 states. Its business model encompasses the construction and sale of residential homes, as well as rental operations and financial services. In fiscal 2023, about 90% of its consolidated revenues came from homebuilding, focusing on single-family homes. The company also develops residential lots through its majority-owned subsidiary, Forestar, ensuring control of land for building while providing mortgage financing through DHI Mortgage.
Founded in 1978, D.R. Horton has established a strong market presence, having closed over one million homes over the years. The company offers a broad range of homes catering to entry-level, move-up, active adult, and luxury buyers. Its operational strategy allows for localized decision-making while benefiting from economies of scale, thus remaining competitive amid challenges in the housing market.