D.R. Horton

What D.R. Horton does

D.R. Horton, Inc. (NYSE: DHI) is the largest U.S. homebuilder by volume, operating across 126 markets in 36 states with approximately 14,000 employees as of March 31, 2026. Founded in 1978 by Donald R. Horton in Fort Worth, Texas and taken public in 1992, the company has delivered more than 1.2 million homes over its 47-year history and has held the volume leadership position every year since 2002. Core operations span single-family homebuilding across entry-level, move-up, active adult (55+), and luxury price points ranging from approximately $200,000 to over $1,000,000, a Build-to-Rent single-family rental franchise with 150+ communities and 15,400+ rental homes delivered since 2016, and a top-10 U.S. multi-family rental developer presence.

The company is vertically integrated through wholly-owned subsidiaries DHI Mortgage, DHI Title, and DRH Insurance that capture the financial services wallet share on every closing, and through majority ownership of Forestar Group Inc. (NYSE: FOR), a publicly traded national residential lot developer. D.R. Horton differentiates its product with a standard Alarm.com-powered smart home package in every home and is piloting Yazaki Innovations' PreFab Home Wiring system to address construction labor shortages. Revenue is generated primarily through one-time home sales at unit prices spanning roughly $200,000 to over $1,000,000, supplemented by transaction-based revenue from financial services and rental property sales. FY2026 revenue guidance is $33.5-$34.5 billion, with Q2 FY2026 quarterly revenue of $7.56 billion. The customer base is highly fragmented across individual first-time, move-up, active adult, luxury, and single-family rental investor segments.

Name

D.R. Horton

Legal name

D.R. Horton, Inc.

Website

https://drhorton.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

D.R. Horton is the largest U.S. homebuilder by volume, constructing single-family homes across 126 markets in 36 states, alongside Build-to-Rent and multi-family rental operations, serving first-time, move-up, active adult, luxury, and rental investor buyers.

Ownership category

akta.pro rank

Product category

Residential Homebuilding

NAICS

New Housing For-Sale Builders (236117)

SIC

General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

akta.pro secondary industries

New Construction & Builder Sales (BPAJAAAB), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential homebuilding
• Single-family construction
• Build-to-rent homes
• Mortgage financing services
• Residential lot development

Headquarters

HQ city

Fort Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Homebuilding: Construction and sale of high-quality single-family homes through diverse product portfolio with sales prices ranging from $200,000 to over $1,000,000. Primary revenue driver representing the vast majority of consolidated revenues.
2. Rental Operations: Single-family and multi-family rental property construction and sales. D.R. Horton has delivered more than 15,400 rental homes to date, operating in 150+ communities through its Build-to-Rent Series launched from multi-family success since 2016.
3. Financial Services: Mortgage financing through DHI Mortgage, title services through DHI Title, and insurance agency services through DRH Insurance for homebuyers
4. Forestar Lot Development: D.R. Horton is majority-owner of Forestar Group Inc., a publicly traded national residential lot development company that supplies lots to D.R. Horton's homebuilding divisions

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

D.R. Horton is America's largest homebuilder by volume, constructing and selling single-family homes across 126 markets in 36 states with sales prices ranging from $200,000 to over $1,000,000. The company complements its core homebuilding business with a Build-to-Rent Series of rental homes, multi-family rental units, and integrated financial services through DHI Mortgage, DHI Title, and DRH Insurance subsidiaries. It also holds a majority stake in Forestar Group Inc., a publicly traded residential lot development company that supplies developed lots to its homebuilding divisions.

Product overview

D.R. Horton is a homebuilding company offering a diversified portfolio of residential products across 126 markets in 36 states. Its core business is single-family home construction and sale (homebuilding operations), supplemented by rental operations including its Build-to-Rent Series of single-family rental communities and multi-family rental units. The company provides integrated financial services through DHI Mortgage, DHI Title, and DRH Insurance subsidiaries, and maintains a majority stake in Forestar Group Inc., a lot development company. The company also differentiates its homes through a standard smart home security package powered by Alarm.com with post-closing customization through Safe Haven. Product prices range from approximately $200,000 to over $1,000,000.

Differentiator

Problem solved

Functional benefit

Products and services

• Single-Family Homes (Homebuilding) Core product line: construction and sale of single-family homes across 126 markets in 36 states, ranging from entry-level to luxury with sales prices generally from $200,000 to over $1,000,000. Targets first-time, move-up, active adult, and luxury buyers.
• Build-to-Rent Series Single-family rental communities developed by D.R. Horton, offered as standalone homes or pods within master-planned communities, featuring energy-efficient products and integrated smart home systems with garages and fenced yards. Targets institutional and individual rental investors.
• Multi-Family Rental Units Construction and sale of multi-family rental properties, offered alongside the Build-to-Rent Series. D.R. Horton has delivered more than 15,400 rental homes across 150+ communities since 2016.
• DHI Mortgage

Quantifiable outcome

• 11% year-over-year increase in net sales orders in Q2 FY2026 despite challenging housing market
• +3 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Forestar Group Inc.coreStrategic or Co-development PartnerD.R. Horton is the majority-owner of Forestar Group Inc. (NYSE: FOR), a publicly traded national residential lot development company. Forestar supplies lots to D.R. Horton's homebuilding divisions, with approximately 41,000 lots owned or controlled by Forestar as of Q2 FY2026, of which 22,900 were under contract for D.R. Horton divisions to purchase.
• Alarm.comcoreTechnology or IntegrationSmart home security platform powering the standard smart home features in every D.R. Horton home, including smart panel, front door lock, garage control, thermostat, and lighting switch. Core differentiator for the company's product offering.
• M S International (MSI)minorGTM or Marketing PartnerMSI sponsored a realtor event at their Jacksonville, Florida showroom with D.R. Horton as the sponsoring homebuilder, demonstrating partnership in the homebuilding ecosystem.
• Capstone Holding Corp. (Carolina Stone)coreChannel Partner/ Reseller/ DistributorCarolina Stone subsidiary expanded relationship with D.R. Horton to 19 communities in the Raleigh market and won all regional stone installation work from a leading national homebuilder in the Charlotte market. This partnership drove Capstone's order volume to its strongest level in two years.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lennar Corporation: Lennar is the second-largest U.S. homebuilder and the most direct comparable to D.R. Horton, operating a similar production-builder model across multiple states with comparable entry-level to luxury product mix, vertical integration via LMC, and similar customer segments.
• PulteGroup: PulteGroup is a top-three U.S. homebuilder with Centex (entry-level), Pulte (move-up), and Del Webb (active adult) brands, directly comparable to D.R. Horton's product segmentation and national footprint.
• NVR Inc. NVR is a leading production homebuilder operating Ryan Homes, NVHomes, and Heartland Homes brands, with a similar capital-light land-option strategy and national geographic diversification comparable to D.R. Horton.
• Toll Brothers: Toll Brothers is a top-five U.S. luxury homebuilder, comparable in scale and national footprint but focused on the move-up and luxury segment. Toll and D.R. Horton co-invested in Avila Real Estate Capital's land debt fund.
• KB Home: KB Home is a publicly traded production homebuilder with a comparable entry-level and first-time buyer focus, operating across multiple states with a build-to-order model targeting the same customer segments as D.R. Horton.
• Meritage Homes: Meritage Homes is a top-10 U.S. homebuilder with a similar entry-level to first move-up product focus and energy-efficient home positioning, operating across the same Sun Belt geographies as D.R. Horton.
• Taylor Morrison Home Corporation: Taylor Morrison is a top-10 U.S. homebuilder with a comparable diversified product portfolio across entry-level, move-up, and luxury segments (including active adult), operating in many of the same Sun Belt markets.
• LGI Homes: LGI Homes is a publicly traded entry-level homebuilder with a comparable first-time buyer focus and similar geographic mix, serving as a smaller-scale but directly competitive peer in the affordable housing segment.
• Century Communities: Century Communities is a top-15 U.S. homebuilder with an entry-level to move-up focus, co-invested alongside D.R. Horton and Toll Brothers in Avila Real Estate Capital's land debt fund, signaling shared industry exposure and capital strategy.
• Tri Pointe Homes: Tri Pointe Homes is a publicly traded homebuilder with a comparable move-up and premium product focus, operating across similar Western and Sun Belt markets, making it a directly relevant peer for product and geographic overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights8 records

Customer concentration

• Facebookfacebook.com/DRHorton.Homes
• LinkedInlinkedin.com/company/dr-horton
• Instagraminstagram.com/drhorton
• Pinterestpinterest.com/drhortonhomes
• Xx.com/DRHorton

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about D.R. Horton