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The company was founded in 1978 by Donald R. Horton. [6] Horton took the company public in 1992, and as of 2020 owned about 6% of the company. [7] In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. [8] The company also entered the Tucson, Arizona, market. [9]
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In the fourth quarter, D.R. Horton closed 22,928 homes, with the average closing price of $382,900, up 1% sequentially, executives noted on the earnings call. Net sales orders increased 39% to ...
Shares of D.R. Horton sank by 9% Tuesday after the homebuilder reported weaker-than-expected quarterly orders and posted first quarter earnings per share that missed analyst estimates.
Homebuilder D.R. Horton will be the major builder in the current phase of Tartesso. In October 2016, Dolphin's affiliate Tartesso Partners LLC sold DR Horton 158 lots for $3,822,500, or $24,200 per lot. [2] D.R. Horton's Express Homes division opened its first Tartesso subdivision in late 2016, and closed homes in January 2017. [3]
At the end of 2020, LGI Homes operated in 34 markets in 18 states. [31] [32]On May 7, 2021, LGI Homes acquired the assets of Minneapolis-based home builder KenRoe. [31] In July 2021, LGI Homes acquired the Austin-based home-building company Buffington Homebuilding. [33]
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