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D.R.Horton
D.R.Horton

-5.45%

Construction / Home construction and development

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

D.R. Horton, Inc. is a home construction company based in Arlington, Texas. It was founded in 1978 by Donald R. Horton and has grown to become the largest home builder in the United States by volume. The company operates in 90 markets in 29 states and has built over 820,000 homes in its history.
D.R. Horton builds a wide range of homes, including single-family homes, townhomes, and condominiums at various price points. They also offer homes in master-planned communities, which often include amenities such as parks, pools, and clubhouse facilities.
The company prides itself on its commitment to quality construction, energy efficiency, and customer satisfaction. It offers a warranty program for new homes and has received numerous awards for its customer service and home design.
In addition to home construction, D.R. Horton also offers financial services through its mortgage subsidiary, DHI Mortgage, and title services through its title company, DHI Title.
D.R. Horton is a publicly traded company on the New York Stock Exchange under the ticker symbol "DHI". Its headquarters are located in Arlington, Texas.

What is special about the company?

1. National Footprint: D.R.Horton is one of the largest homebuilders in the United States with operations in 90 markets across 29 states. This national footprint allows the company to access a wide range of markets and diversify its revenue streams.
2. Diverse Product Offerings: D.R.Horton offers a diverse range of product offerings, including entry-level and move-up homes, luxury homes, and active adult communities. This allows the company to cater to a variety of customer segments and adapt to changing market conditions.
3. Strong Financial Performance: D.R.Horton has a solid financial performance track record with a consistent increase in revenue, net income, and home sales volume over the years. The company has also maintained a strong balance sheet, providing stability and security for investors.
4. Emphasis on Quality and Innovation: D.R.Horton places a strong emphasis on building high-quality homes using innovative construction methods and materials. This has earned the company a good reputation for quality craftsmanship and customer satisfaction.
5. Strong Brand Recognition: The D.R.Horton brand is well-recognized and trusted by homebuyers. The company has also won several industry awards and accolades, further strengthening its reputation and brand recognition.
6. Land Acquisition Strategy: D.R.Horton has a disciplined and strategic approach to land acquisition, which allows the company to secure desirable land and lots at favorable prices. This gives the company a competitive advantage in the market.
7. Customer-Centric Approach: D.R.Horton prioritizes customer satisfaction and has a customer-centric approach to business. The company has a dedicated team to handle customer inquiries and address any concerns, ensuring a positive home buying experience for its customers.
8. Commitment to Sustainability: D.R.Horton has a strong commitment to sustainability and green building practices. The company incorporates energy-efficient features in its homes and adheres to environmentally friendly construction practices.
9. Experienced Management Team: D.R.Horton has an experienced management team with a deep understanding of the homebuilding industry. The team's expertise and leadership have helped the company navigate through various economic cycles and challenges.
10. Strong Corporate Culture: D.R.Horton has a strong corporate culture that fosters teamwork, collaboration, and innovation. The company values its employees and provides them with the necessary support, training, and resources to succeed, leading to a happy and motivated workforce.

What the company's business model?

The D.R. Horton company's business model is focused on building, selling and financing single-family homes, townhomes, and multi-family residences. They primarily operate in the United States, selling homes in various markets and price points. The company's business model revolves around maximizing profitability by using economies of scale in the development and construction of homes, and by streamlining operations and processes to reduce costs. D.R. Horton also offers financing services through their subsidiary, DHI Mortgage, and provides post-sale services such as warranty and customer care to maintain customer satisfaction. Additionally, the company acquires land and lots for future development and actively manages land inventory to meet demand. They also collaborate with real estate agents and brokers to market and sell their homes. Overall, D.R. Horton's business model focuses on efficiency, cost control, and customer satisfaction to drive growth and profitability.

Interesting facts about the company

1. D.R. Horton is the largest homebuilder in the United States by volume. The company built 51,857 homes in 2020, generating $22.5 billion in revenue.
2. The company was founded in 1978 by Donald Ray Horton in Fort Worth, Texas. Horton started the company with only $3,000 in capital.
3. In its early years, D.R. Horton focused on building affordable homes for first-time homebuyers. The company’s slogan was Value. Quality. Liveability.
4. Horton took the company public in 1992, and it has been listed on the New York Stock Exchange since then. Today, D.R. Horton is a Fortune 500 company.
5. Over the years, D.R. Horton has expanded its operations to 90 markets in 29 states. The company builds single-family homes, multi-family homes, and active adult communities.
6. D.R. Horton has received numerous awards and recognition for its homebuilding expertise, including the title of America’s Most Admired Home Builder by Fortune magazine.
7. The company has a strong focus on sustainability and has been recognized for its green building practices. In 2020, D.R. Horton was named Builder of the Year by the National Association of Home Builders for its commitment to energy efficiency and sustainability.
8. D.R. Horton has a charitable arm, the D.R. Horton Foundation, which focuses on supporting affordable housing initiatives, education, and community development programs.
9. In addition to homebuilding, D.R. Horton also has a financial services division that offers mortgage financing and title insurance services.
10. D.R. Horton has faced criticism and legal challenges over the years, including allegations of discriminatory lending practices and construction defects in its homes. The company has settled some of these cases for millions of dollars.

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