D.R. Horton Inc.
Industry: Construction Services

D. R. Horton, Inc. is a national builder that is engaged primarily in the construction and sale of single-family housing in 47 markets and 20 states in the United States. It designs, builds and sells single-family houses on lots developed by the Company and on finished lots that it purchases, ready for home construction. The Company offers homes designed principally for first-time and move-up home buyers.

Business Summary
D. R. Horton Inc. is a national builder. The Company constructs and sells single-family homes designed principally for first-time and move-up homebuyers through its operating divisions in 21 states and 63 metropolitan markets of the United States. The homes range in size from 1,000 to 5,000 square feet, and range in price from $80,000 to $900,000. During the fiscal year ended September 30, 2004 (fiscal 2004), the Company closed 43,567 homes with an average sales price approximating $240,800. Through its financial services operations, the Company provides mortgage banking and title agency services to homebuyers in many of its homebuilding markets. DHI Mortgage, it's wholly owned subsidiary, provides mortgage financing services to purchasers of homes it builds and sells. Its subsidiary title companies serve as title insurance agents by providing title insurance policies, examination and closing services primarily to purchasers of homes it builds and sells.

Financial Summary
DHI is a national home builder that constructs and sells single-family homes in metropolitan areas of the Mid-Atlantic, Midwest, Southeast, Southwest and West regions of the U.S. DHI also provides title agency and mortgage brokerage services. For the 9 months ended 6/30/05, revenues rose 20% to $8.77B. Net income rose 45% to $906.7M. Revenues reflect higher prices and increased orders. Higher income also reflects improved gross margins.