Industry News

D.R. Horton boosts new-home orders

Builder delivers 50,000-plus homes in one year

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Home builder D.R. Horton Inc. today reported that its organic net sales orders for the quarter ended Sept. 30, 2005 increased 33 percent to a fourth-quarter record $3.8 billion (for 13,950 homes), compared to $2.8 billion (11,105 homes) for the same quarter of fiscal year 2004. Organic net sales orders for fiscal year 2005 increased 28 percent to a record $14.6 billion (53,232 homes), compared to $11.4 billion (45,263 homes) for fiscal year 2004. D.R. Horton Inc. is the largest home builder in the United States, delivering more than 50,000 homes in its fiscal year ended Sept. 30, 2005. Founded in 1978 in Fort Worth, Texas, D.R. Horton has expanded its presence to include 71 markets in 23 states in the Midwest, Mid- Atlantic, Southeast, Southwest and West regions of the United States. The company is engaged in the construction and sale of homes with prices ranging from $80,000 to over $900,000. D.R. Horton also provides mortgage financing and title services for home buyers through i...