Headquartered in Arlington, TX Fiscal year ends September NYSE: DHI drhorton.com
D.R. Horton, Inc. is the largest homebuilder in the United States by volume, a position it has held since 2002, and has closed more than 1.3 million homes over its 48-year history. It operates in 128 markets across 38 states, building and selling homes generally priced from $200,000 to $700,000, with a heavy focus on entry-level and first-time buyers (about 43,500 of its 84,202 fiscal 2026 closings). Homebuilding is reported across six regions: Northwest, Southwest, South Central, Southeast, East and North. The company also develops and sells single-family and multi-family rental properties; in fiscal 2026 it sold 2,073 single-family rental homes and 2,737 multi-family rental units. Its financial services segment provides mortgage financing, title services and insurance agency services to homebuyers. D.R. Horton is the majority owner of Forestar Group Inc., a publicly traded national residential lot developer that supplies a growing share of the lots on which D.R. Horton builds. The company controls 570,600 lots, 77% of them through purchase contracts. It emphasizes a capital-light lot strategy, low leverage and returning operating cash flow to shareholders through buybacks and dividends. Updated
$91.4 million in impairments on nine multi-family rental projects left earnings missing expectations by 11%, despite a revenue beat. Management expects to keep buyer incentives elevated through fiscal 2027.
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D.R. Horton, Inc. is the largest homebuilder in the United States by volume, a position it has held since 2002, and has closed more than 1.3 million homes over its 48-year history.
24/7 Wall St.'s 12-month price target for DHI is $187.92, rated Buy. The Wall Street consensus target is $148.64. DHI price prediction →
