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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]
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]
D.R. Horton's financial results fluctuated through these macroeconomic cycles, but the company has delivered over the long term -- achieving a 6.8% compound annual sales growth rate (CASGR) since ...
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In May 2022, the company announced a partnership agreement with homebuilder DR Horton, which entailed an investment and resource sharing, including a phase 1 order of 100 Casita homes. [23] [24] In 2022, the company opened its second factory building, though as of early 2023, it remained unequipped for production. [17] [25]