Who Owns D.R. Horton?
D.R. Horton is the flagship homebuilding brand of D.R. Horton, Inc. (NYSE: DHI), the largest US homebuilder by volume since 2002, headquartered in Arlington, Texas. The brand sells homes at price points generally ranging from $250,000 to over $1 million across 126 markets in 36 states. In fiscal 2025 the company closed 84,863 homes and reported consolidated revenues of $34.3 billion.
Who Owns D.R. Horton?
- Parent Company: D.R. Horton, Inc.
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: DHI
| Brand | Parent Company | Ownership Type |
|---|---|---|
| D.R. Horton | D.R. Horton, Inc. | Brand division |
History of D.R. Horton
- Founded: 1978
- Founders: Donald R. Horton
Donald R. Horton founded the company in 1978 in Fort Worth, Texas. The business grew from a single home into a Texas regional builder, then expanded through the Sun Belt during the 1980s and 1990s. The company went public in 1992, using capital markets access to fuel national expansion.
D.R. Horton became the largest US homebuilder by volume in 2002, a position it has held continuously since. Its rise was built on a decentralized operating model where local divisions controlled land and production decisions, combined with a focus on the affordable end of the market where demand is deepest.
The flagship brand's positioning is "America's Builder," reflecting both scale and its concentration in the affordable-to-move-up segment that serves the largest share of homebuyers. Price points generally range from $250,000 to over $1 million, with the median concentrated at the accessible end.
Over its 47-year history the brand has closed more than 1.2 million homes. In fiscal 2025 it closed 84,863 homes across 126 markets in 36 states, with home sales revenue of $31.4 billion as part of consolidated revenue of $34.3 billion.
About D.R. Horton, Inc.
What does D.R. Horton own?
D.R. Horton owns four homebuilding brands: D.R. Horton, Express Homes, Emerald Homes, and Freedom Homes, plus the DHI Mortgage subsidiary and rental property operations.
Is D.R. Horton publicly traded?
Yes. D.R. Horton trades on the NYSE under ticker DHI and is a component of the S&P 500. It added a secondary listing on NYSE Texas in June 2025.
Who founded D.R. Horton?
Donald R. Horton founded the company in 1978 in Fort Worth, Texas. The business grew from a single home sale into the nation's largest homebuilder.
Where is D.R. Horton headquartered?
D.R. Horton is headquartered in Arlington, Texas, USA.
Who owns D.R. Horton?
D.R. Horton is publicly traded with broad institutional and individual ownership. The founding Horton family retains meaningful shareholding and influence.
What is D.R. Horton's revenue?
D.R. Horton reported fiscal 2025 consolidated revenue of $34.3 billion, down from $36.8 billion in fiscal 2024, with net income of $3.6 billion on 84,863 homes closed.
How many brands does D.R. Horton own?
D.R. Horton operates four homebuilding brands: the flagship D.R. Horton banner, Express Homes for first-time buyers, Emerald Homes for luxury buyers, and Freedom Homes for active adults 55 and over.
- Founded: 1978
- Headquarters: Arlington, Texas, USA
- Company Type: Publicly Traded
- Stock: NYSE: DHI
- Revenue: $34.3 billion (fiscal 2025)
- Employees: Approximately 14,000
Where Is D.R. Horton Made / Based?
- Headquarters: Arlington, Texas, USA
- Manufacturing / Operations: United States (126 markets across 36 states)
D.R. Horton Categories & Tags
D.R. Horton Recalls & Controversies
As a homebuilder, D.R. Horton's controversies center on construction quality and sales practices rather than product recalls.
FTC lawsuit over mortgage practices (2024): In October 2024 the Federal Trade Commission sued D.R. Horton and its DHI Mortgage subsidiary, alleging the company advertised deceptive mortgage rates that hid mandatory discount points. The suit alleged buyers discovered higher costs at closing after paying deposits. The case was ongoing as of 2026.
Construction defect litigation: Like all large production builders, D.R. Horton faces periodic construction defect and warranty claims, typically resolved through arbitration, settlement, or insurance. These are routine to the industry and disclosed in SEC filings.
Warranty complaints: Consumer complaints about warranty coverage and construction quality appear periodically in media coverage and consumer platforms, issues common across volume homebuilding.
Brands Owned by D.R. Horton, Inc.
Real EstateEmerald Homes
Owned by D.R. Horton, Inc.
Luxury homebuilding brand of D.R. Horton, Inc., launched in 2017 to serve move-up and luxury buyers with premium finishes and larger floor plans.
homebuilderluxury-homesmove-up-buyers
Real EstateExpress Homes
Owned by D.R. Horton, Inc.
Entry-level homebuilding brand of D.R. Horton, Inc., launched in 2014 to serve first-time buyers with affordable new construction homes.
homebuilderaffordable-housingfirst-time-buyers
Real EstateFreedom Homes
Owned by D.R. Horton, Inc.
Active adult homebuilding brand of D.R. Horton, Inc., launched in 2016 to serve buyers aged 55 and over with age-restricted communities and lifestyle amenities.
homebuilderactive-adult55-plus
D.R. Horton Ownership: Pros & Cons
Advantages
- +Largest US homebuilder by volume for 23 consecutive years
- +Dominant in the affordable segment where demand is most resilient
- +Brand recognition as "America's Builder" provides trust at scale
- +Strong balance sheet with $82.15 book value per share and low leverage
- +Brand architecture segments the full range of buyer price points
Considerations
- -Highly cyclical business sensitive to mortgage rates and consumer confidence
- -Fiscal 2025 revenue declined 7% and net income fell 25% in a weak market
- -FTC lawsuit over mortgage practices creates legal exposure
- -Faces periodic construction defect litigation common to volume builders
- -Concentrated in the US with no geographic diversification
Frequently Asked Questions About D.R. Horton
Sources & Further Reading
Competitors to D.R. Horton
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Lennar | USA | 1954 | Mass market | United states | All-ages | |
| Dr Horton | USA (parent) | 2017 | Premium | United states | All-ages | |
| Dr Horton | USA (parent) | 2014 | Mass market | United states | All-ages | |
| Dr Horton | USA (parent) | 2016 | Niche segment | United states | All-ages |
Learn More About Competitors
Real EstateLennar
Owned by Lennar Corporation
Flagship homebuilding brand of Lennar Corporation, one of the largest US homebuilders, selling homes across the country for first-time, move-up, active adult, and luxury buyers.
homebuilderreal-estatenew-construction
Real EstateEmerald Homes
Owned by D.R. Horton, Inc.
Luxury homebuilding brand of D.R. Horton, Inc., launched in 2017 to serve move-up and luxury buyers with premium finishes and larger floor plans.
homebuilderluxury-homesmove-up-buyers
Real EstateExpress Homes
Owned by D.R. Horton, Inc.
Entry-level homebuilding brand of D.R. Horton, Inc., launched in 2014 to serve first-time buyers with affordable new construction homes.
homebuilderaffordable-housingfirst-time-buyers
Real EstateFreedom Homes
Owned by D.R. Horton, Inc.
Active adult homebuilding brand of D.R. Horton, Inc., launched in 2016 to serve buyers aged 55 and over with age-restricted communities and lifestyle amenities.
homebuilderactive-adult55-plus
Competitive Analysis
Market Positioning: D.R. Horton competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Independent Alternatives to D.R. Horton
Looking for brands with different ownership structures? These similar brands are not owned by D.R. Horton, Inc., giving you alternative choices that support different corporate structures.
Real EstateLennar
Owned by Lennar Corporation
Flagship homebuilding brand of Lennar Corporation, one of the largest US homebuilders, selling homes across the country for first-time, move-up, active adult, and luxury buyers.
homebuilderreal-estatenew-construction
Publicly Traded
Lennar operates independently without a large parent corporation.
Real EstateAccolade
Owned by Greystar Real Estate Partners
Greystar's student housing brand providing thoughtful amenities and inclusive environments near college campuses across the United States.
real-estatestudent-housingcollege
Privately Owned
Accolade is privately owned, unlike D.R. Horton which is under a publicly traded parent company.
Real EstateAlbum
Owned by Greystar Real Estate Partners
Greystar's mid-market active adult brand offering value-focused, maintenance-free communities for 55+ residents seeking quality living with essential amenities.
real-estateactive-adult55-plus
Privately Owned
Album is privately owned, unlike D.R. Horton which is under a publicly traded parent company.
Real EstateAvana
Owned by Greystar Real Estate Partners
Greystar Real Estate Partners' quality-focused multifamily residential brand offering apartment communities with quality finishes, inviting spaces, and convenient amenities at accessible price points across the United States; one of several Greystar conventional multifamily brands alongside Bellamy, Birchway, and Marlowe.
real-estatemultifamilyquality
Privately Owned
Avana is privately owned, unlike D.R. Horton which is under a publicly traded parent company.
Real EstateBirchway
Owned by Greystar Real Estate Partners
Greystar's suburban garden-style brand offering comfortable, practical communities with tranquility and convenience for families and individuals.
real-estatemultifamilysuburban
Privately Owned
Birchway is privately owned, unlike D.R. Horton which is under a publicly traded parent company.
Real EstateSummerwell
Owned by Greystar Real Estate Partners
Greystar's brand dedicated to purpose-built, professionally-managed single-family rental communities providing space and convenience without homeownership responsibilities.
real-estatesingle-familyrentals
Privately Owned
Summerwell is privately owned, unlike D.R. Horton which is under a publicly traded parent company.
D.R. Horton, Inc. Stock Information
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