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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]
Lennar and DR Horton, the two other largest US homebuilders, also suffered severely: Lennar's shares went from $67.27 in 2005 to $13.54 six years later. Ditching the cookie-cutter model
Homes built by D.R. Horton are "defective" in accommodating the humidity in south Louisiana, alleged an attorney suing the national company.
This also has resulted in the growth of Dallas/Fort Worth International Airport, home to American Airlines, the second largest airline in the world, largest in the U.S. and the rapid population growth of the metropolitan area, the fourth largest in the United States.
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