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{{Infobox company
{{Infobox company
|name = D. R. Horton
| name = D. R. Horton
|logo = D. R. Horton logo.png
| logo = D. R. Horton logo.png
|type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{nyse|DHI}}<br />[[S&P 500|S&P 500 Component]]
| traded_as = {{nyse|DHI}}<br />[[S&P 500]]
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| industry = [[Home construction]]
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|slogan = America's Builder
| founder = Donald R. Horton (Founder & [[Chairman]])
|foundation = 1978
|location = [[Fort Worth, Texas]], [[United States|U.S.]]
| hq_location_city = [[Fort Worth, Texas]]
| hq_location_country = United States
|key_people = [[Donald R. Horton]], Founder and Chairman <br/>[[Donald J. Tomnitz]], CEO and President
| key_people = {{ubl||David Auld ([[Chief executive officer|CEO]])|Michael Murray ([[Chief operating officer|COO]])|Bill Wheat ([[Chief financial officer|CFO]])}}
⚫
|industry = [[Construction]]
| divisions = {{ubl|Emerald Homes|Express Homes<ref>{{cite web|url=http://www.wsj.com/articles/SB10001424052702304163604579531970327997740|title=Texas Builder Tests the Merits of Pace Over Price|last=Hudson|first=Kris|publisher=The Wall Street Journal|accessdate=May 10, 2015|date=April 29, 2014}}</ref>}}
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| homepage = http://www.drhorton.com/
⚫
| slogan = America's Builder
⚫
| website = {{URL|http://www.drhorton.com/}}
}}
}}


'''D. R. Horton''' is the largest [[home construction]] company in the United States based on its 30,455 houses sold and posted profit of $8.657 million in 2014.<ref>{{cite web|title=2014 - Builder's Top 100|url=http://www.builderonline.com/builder-100/builder-100-list/2015/|publisher=Hanley Wood Media, Inc.|accessdate=May 10, 2015}}</ref> D. R. Horton was founded in 1978 by Donald R. Horton in the [[Dallas–Fort Worth metroplex]]. The company's headquarters is located in the [[D. R. Horton Tower]] in [[Downtown Fort Worth]]. D. R. Horton operates two divisions: Emerald Homes and Express Homes. Express Homes is tailored to entry-level buyers while the Emerald Homes brand is sold as [[luxury real estate]].<ref>{{cite web|last1=Hudson|first1=Kris|title=Why Home-Builder D.R. Horton’s Shrinking Margins Might Be Good For the Rest of Us|url=http://blogs.wsj.com/economics/2015/01/26/why-home-builder-d-r-hortons-shrinking-margins-might-be-good-for-the-rest-of-us/|publisher=The Wall Street Journal|accessdate=May 10, 2015|date=January 26, 2015}}</ref><ref>{{cite web|title=Ten Questions for Emerald Homes|url=http://sowal.com/story/ten-questions-for-emerald-homes|website=SoWal|publisher=Moon Creek Studios|accessdate=May 10, 2015|date=January 7, 2014}}</ref>
'''D. R. Horton''' is the largest residential house-building company<ref name="Builder Online 2009 Top 100">[http://www.builderonline.com/builder100/2009.aspx BUILDER Online: Home Building News, Home Plans, Home Design Ideas and Building Products for Home Builders<!-- Bot generated title -->]</ref> in the [[United States]] based on its 18,890 houses sold and posted a profit of $956 million in the 12 months that ended Sept. 30, 2012. Founded in 1978 by [[Donald Ray Horton]] in the [[Dallas/Fort Worth Metroplex]], D. R. Horton is ranked as the largest house builder by units closed in the United [[United States of America|States]] since 2002. {{Citation needed|date=April 2014}} The company has its headquarters in the D. R. Horton Tower in [[Downtown Fort Worth|Downtown]] [[Fort Worth, Texas]].<ref>"[http://www.drhorton.com/corpgov/dhiacctgcomplaintprocedures-03dec.pdf Web Site Layout Regarding Corporate Governance]." D. R. Horton. Retrieved on December 8, 2009.</ref>


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D.R. Horton's geographic exposure extends from [[Texas]] to the [[Southeastern United States|Southeast]], [[Mid-Atlantic states|Mid-Atlantic]], [[West Coast of the United States|West Coast]] and [[Southwestern United States|Southwest]]. The company has minimal exposure in the upper Midwest and Northeast. [[Single-family detached home]]s accounted for 91% of D.R. Horton's sales in 2013. The company also builds [[condominium]]s, [[Terraced house|town home]]s, and [[Multi-family residential|multi-family residences]]. D.R. Horton also operates a financial arm, which provides mortgage financing and ancillary services such as title agency services. The company doesn't maintain mortgage exposure on its balance sheet. It immediately sells the loans to third parties. Also, most of the company’s loans are agencies—Ginnie Mae and Freddie Mac. Financial services account for about 3% of D.R. Horton’s revenues.<ref>{{cite web|last1=Nyitray|first1=Brent|title=Overview of home builder D.R. Horton|url=http://marketrealist.com/2014/11/backgrounder-overview-homebuilder-d-r-horton/|website=Market Realist|publisher=Market Realist, Inc.|accessdate=November 21, 2014}}</ref>
==Profile==
D. R. Horton builds [[single-family detached home|single-detached dwellings]] in 26 states by partnering with real estate brokers. It employs 3,000 workers nationwide. The official slogan of D. R. Horton is "America's Builder", rooted in the fact that the company occupies the top slot among [[United States|America]]'s largest house builders. The national headquarters of D. R. Horton are located in downtown Fort Worth, [[Texas]], where the company occupies the [[D. R. Horton Tower]], a 38-story skyscraper prominent on the Fort Worth skyline. The founder of D. R. Horton, Donald Ray Horton, continues to serve the company as [[chairman]] of the [[board of directors]].


In April 2015, D. R. Horton expanded its operations in the [[Pacific Northwest]] with a $72 million purchase of the home-building operations of Pacific Ridge Homes in [[Seattle]], [[Washington (state)|Washington]].<ref>{{cite web|last1=Maurus|first1=Christine|title=D.R. Horton to buy Pacific Ridge Homes in Seattle-area expansion|url=http://www.seattletimes.com/business/real-estate/dr-horton-to-buy-pacific-ridge-homes-in-seattle-area-expansion/|publisher=The Seattle Times|accessdate=May 10, 2015|date=April 27, 2015}}</ref> The acquisition included 350 lots, 90 homes in inventory and 40 homes in sales order backlog. Horton also acquired control of about 400 lots through option contracts.<ref>{{cite web|last1=Carlisle|first1=Candace|title=Homebuilding giant D.R. Horton gets bigger with $72M acquisition|url=http://www.bizjournals.com/dallas/news/2015/04/27/homebuilding-giant-d-r-horton-gets-bigger-with-72m.html|publisher=Dallas Business Journal|accessdate=May 10, 2015|date=April 27, 2015}}</ref>
⚫
D.R. Horton's geographic exposure now extends from Texas to the Southeast and Mid-Atlantic and through the West Coast and Southwest. The company has minimal exposure in the upper Midwest and Northeast. Single-family detached homes accounted for 91% of D.R. Horton’s sales in 2013. The company also builds condominiums, town homes, and has some multi-family exposure. D.R. Horton also operates a financial arm, which provides mortgage financing and ancillary services such as title agency services. The company doesn’t maintain mortgage exposure on its balance sheet. It immediately sells the loans to third parties. Also, most of the company’s loans are agencies—Ginnie Mae and Freddie Mac. Financial services account for about 3% of D.R. Horton’s revenues.<ref>{{cite web|last1=Nyitray|first1=Brent|title=Overview of home builder D.R. Horton|url=http://marketrealist.com/2014/11/backgrounder-overview-homebuilder-d-r-horton/|website=Market Realist|publisher=Market Realist, Inc.|accessdate=21 November 2014}}</ref>

In May 2015, D. R. Horton received approval from the [[Honolulu City Council]] to begin construction on a 11,750-home [[Planned community|master-planned community]] in West [[Oahu]], [[Hawaii]].<ref>{{cite web|last1=Shimogawa|first1=Duane|title=D.R. Horton gets OK for 11,750-home Hoopili project in West Oahu|url=http://www.bizjournals.com/pacific/news/2015/05/06/d-r-horton-gets-ok-for-11-750-home-hoopili-project.html|publisher=Pacific Business News|accessdate=May 10, 2015|date=May 7, 2015}}</ref>


==Controversy==
==Controversy==
The company has been involved in a closely followed [[National Labor Relations Board]] case involving a mandatory arbitration agreement provision relating to the waiver of rights to bring a class or collective action to resolve employment disputes in [http://www.btlaborrelations.com/files/Uploads/Documents/Misc%20Blog%20Attachments/DRHortonNLRB12313.pdf D.R. Horton, Inc. v. National Labor Relations Board, No. 12-60031 (Dec. 3, 2013).]<ref>{{cite news|last=Sledz Jr.|first=Henry W.|title=Fifth Circuit Overrules National Labor Relations Board's (NLRB) D.R. Horton Decision|url=http://www.natlawreview.com/article/fifth-circuit-overrules-national-labor-relations-board-s-nlrb-dr-horton-decision|accessdate=13 December 2013|newspaper=The National Law Review|date=9 December 2013|author2=Schiff Hardin LLP}}</ref>
The company has been involved in a closely followed [[National Labor Relations Board]] case involving a mandatory arbitration agreement provision relating to the waiver of rights to bring a class or collective action to resolve employment disputes in [http://www.btlaborrelations.com/files/Uploads/Documents/Misc%20Blog%20Attachments/DRHortonNLRB12313.pdf D.R. Horton, Inc. v. National Labor Relations Board, No. 12-60031 (Dec. 3, 2013).]<ref>{{cite news|last=Sledz Jr.|first=Henry W.|title=Fifth Circuit Overrules National Labor Relations Board's (NLRB) D.R. Horton Decision|url=http://www.natlawreview.com/article/fifth-circuit-overrules-national-labor-relations-board-s-nlrb-dr-horton-decision|accessdate=December 13, 2013|newspaper=The National Law Review|date=December 9, 2013|author2=Schiff Hardin LLP}}</ref>


Lawsuits surrounding [[fracking]] in the town of Denton, TX have brought the company in proximity to legal actions taken against the city and local drilling companies. Residents allege that the town council permitted the company to build houses as close at 250 feet to the gas wells after the city had banned drilling within 1200 feet of residences.<ref>{{cite news|last=Halperin|first=Alex|title=Texas: When fracking comes to town|url=http://america.aljazeera.com/features/2014/4/texas-when-frackingcomestotown.html}}</ref>
Lawsuits surrounding [[Hydraulic fracturing]] in the town of [[Denton, Texas]] have brought the company in proximity to legal actions taken against the city and local drilling companies. Residents allege that the town council permitted the company to build houses as close at 250 feet to the gas wells after the city had banned drilling within 1200 feet of residences.<ref>{{cite news|last=Halperin|first=Alex|title=Texas: When fracking comes to town|url=http://america.aljazeera.com/features/2014/4/texas-when-frackingcomestotown.html}}</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}
{{Refbegin}}
http://www.builderonline.com/builder100/2012.aspx
http://www.bizjournals.com/nashville/news/2013/01/15/nations-biggest-home-builder-dr.html


==External links==
==External links==
{{Portal|Dallas|Companies}}
{{Portal|Dallas|Companies}}
*[http://www.drhorton.com www.drhorton.com] — D. R. Horton home page
*{{official website|http://www.drhorton.com}}


[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]

Revision as of 00:02, 11 May 2015

D. R. Horton
Company typePublic
NYSE: DHI
S&P 500
IndustryHome construction
FounderDonald R. Horton (Founder & Chairman)
Headquarters
Fort Worth, Texas
,
United States
Key people
  • David Auld (CEO)
  • Michael Murray (COO)
  • Bill Wheat (CFO)
Revenue33,480,000,000 United States dollar (2022) Edit this on Wikidata
5,857,500,000 United States dollar (2022) Edit this on Wikidata
Divisions
  • Emerald Homes
  • Express Homes[1]
Websitewww.drhorton.com

D. R. Horton is the largest home construction company in the United States based on its 30,455 houses sold and posted profit of $8.657 million in 2014.[2] D. R. Horton was founded in 1978 by Donald R. Horton in the Dallas–Fort Worth metroplex. The company's headquarters is located in the D. R. Horton Tower in Downtown Fort Worth. D. R. Horton operates two divisions: Emerald Homes and Express Homes. Express Homes is tailored to entry-level buyers while the Emerald Homes brand is sold as luxury real estate.[3][4]

D.R. Horton's geographic exposure extends from Texas to the Southeast, Mid-Atlantic, West Coast and Southwest. The company has minimal exposure in the upper Midwest and Northeast. Single-family detached homes accounted for 91% of D.R. Horton's sales in 2013. The company also builds condominiums, town homes, and multi-family residences. D.R. Horton also operates a financial arm, which provides mortgage financing and ancillary services such as title agency services. The company doesn't maintain mortgage exposure on its balance sheet. It immediately sells the loans to third parties. Also, most of the company’s loans are agencies—Ginnie Mae and Freddie Mac. Financial services account for about 3% of D.R. Horton’s revenues.[5]

In April 2015, D. R. Horton expanded its operations in the Pacific Northwest with a $72 million purchase of the home-building operations of Pacific Ridge Homes in Seattle, Washington.[6] The acquisition included 350 lots, 90 homes in inventory and 40 homes in sales order backlog. Horton also acquired control of about 400 lots through option contracts.[7]

In May 2015, D. R. Horton received approval from the Honolulu City Council to begin construction on a 11,750-home master-planned community in West Oahu, Hawaii.[8]

Controversy

The company has been involved in a closely followed National Labor Relations Board case involving a mandatory arbitration agreement provision relating to the waiver of rights to bring a class or collective action to resolve employment disputes in D.R. Horton, Inc. v. National Labor Relations Board, No. 12-60031 (Dec. 3, 2013).[9]

Lawsuits surrounding Hydraulic fracturing in the town of Denton, Texas have brought the company in proximity to legal actions taken against the city and local drilling companies. Residents allege that the town council permitted the company to build houses as close at 250 feet to the gas wells after the city had banned drilling within 1200 feet of residences.[10]

References

  1. ^ Hudson, Kris (April 29, 2014). "Texas Builder Tests the Merits of Pace Over Price". The Wall Street Journal. Retrieved May 10, 2015.
  2. ^ "2014 - Builder's Top 100". Hanley Wood Media, Inc. Retrieved May 10, 2015.
  3. ^ Hudson, Kris (January 26, 2015). "Why Home-Builder D.R. Horton's Shrinking Margins Might Be Good For the Rest of Us". The Wall Street Journal. Retrieved May 10, 2015.
  4. ^ "Ten Questions for Emerald Homes". SoWal. Moon Creek Studios. January 7, 2014. Retrieved May 10, 2015.
  5. ^ Nyitray, Brent. "Overview of home builder D.R. Horton". Market Realist. Market Realist, Inc. Retrieved November 21, 2014.
  6. ^ Maurus, Christine (April 27, 2015). "D.R. Horton to buy Pacific Ridge Homes in Seattle-area expansion". The Seattle Times. Retrieved May 10, 2015.
  7. ^ Carlisle, Candace (April 27, 2015). "Homebuilding giant D.R. Horton gets bigger with $72M acquisition". Dallas Business Journal. Retrieved May 10, 2015.
  8. ^ Shimogawa, Duane (May 7, 2015). "D.R. Horton gets OK for 11,750-home Hoopili project in West Oahu". Pacific Business News. Retrieved May 10, 2015.
  9. ^ Sledz Jr., Henry W.; Schiff Hardin LLP (December 9, 2013). "Fifth Circuit Overrules National Labor Relations Board's (NLRB) D.R. Horton Decision". The National Law Review. Retrieved December 13, 2013.
  10. ^ Halperin, Alex. "Texas: When fracking comes to town".
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