What is D.R. Horton?
Homebuilder with 84,863 homes closed in fiscal 2025 across 126 markets in 36 states.
- Category
- Homebuilder
- Headquarters
- Arlington, TX
- Founded
- 1978
- Employees
- Approximately 15,000
- Total funding
- Public company; NYSE: DHI; no VC funding profile
- Status
- NYSE: DHI; public company
What is D.R. Horton?
D.R. Horton is a public homebuilder headquartered in Arlington, TX. Its current public-company scale signal is 84,863 homes closed in fiscal 2025 across 126 markets in 36 states.
D.R. Horton is a public homebuilder headquartered in Arlington, TX. The company operates entry-level, move-up, active adult, rental, mortgage, title, insurance, and Forestar lot-development exposure, and its latest public reporting shows 84,863 homes closed in fiscal 2025 across 126 markets in 36 states. That makes it an enterprise-scale real estate account rather than a single-property operator.
The business serves tenants, residents, operators, carriers, consumers, or homebuyers through a mix of physical assets, digital leasing or sales channels, local operating teams, and centralized finance and technology functions. Its market position is shaped by asset quality, cost of capital, operating execution, tenant or customer retention, and disciplined capital allocation.
For B2B sellers, D.R. Horton should be mapped by business unit and asset workflow. The strongest opportunities attach to measurable outcomes: leasing velocity, occupancy, retention, construction cycle time, procurement savings, risk reduction, uptime, resident or customer experience, data quality, and compliance.
What does D.R. Horton offer?
D.R. Horton offers Express Homes, D.R. Horton homes, Emerald homes, Freedom Homes, Homebuilding and related real estate services.
- Express Homes· Offering
- D.R. Horton homes· Offering
- Emerald homes· Offering
- Freedom Homes· Offering
- Homebuilding· Offering
- Mortgage· Offering
- Title· Offering
- Forestar lots· Offering
- Rental operations· Offering
How does D.R. Horton make money?
D.R. Horton makes money through home sales, mortgage and title attach, lot development through Forestar, rental property sales, incentives, and operating leverage across national scale.
D.R. Horton makes money through home sales, mortgage and title attach, lot development through Forestar, rental property sales, incentives, and operating leverage across national scale. home prices vary by market, floorplan, incentives, mortgage rate buydowns, options, and lot; homes generally range from about $250,000 to more than $1,000,000. Because it is a public company, the most reliable unit-economic signals are revenue, NOI or gross margin, occupancy or closings, FFO/AFFO where relevant, backlog, leasing spreads, and capital allocation disclosures.
Growth is driven by pricing, volume, retention, development or acquisition spreads, cost of capital, operating efficiency, and the company's ability to deploy capital into assets or communities with durable demand. In a higher-rate environment, management quality and balance-sheet discipline matter as much as headline revenue growth.
For vendors, budget is usually unlocked when a product improves a metric the company already reports to investors: faster leasing, better resident or tenant experience, lower maintenance cost, more efficient construction, safer field operations, stronger cybersecurity, cleaner data, or better capital planning.
Who leads D.R. Horton?
D.R. Horton is led by Paul J. Romanowski, President and Chief Executive Officer, with finance, operations, investment, and technology leaders shaping major buying decisions.
- Paul J. RomanowskiPresident and Chief Executive OfficerCEO since 2023Leads national homebuilding operations and capital allocation.
- David V. AuldExecutive ChairmanFormer CEOBoard and strategic continuity leader.
- Bill W. WheatExecutive Vice President and Chief Financial OfficerCFO since 2003Owns finance, accounting, and investor communication.
- Michael J. MurrayExecutive Vice President and Chief Operating OfficerCOOLeads operating execution across divisions.
How do you contact D.R. Horton's leadership?
D.R. Horton publishes official investor, media, customer, or corporate contact routes, but the reviewed sources do not establish personal executive email addresses as the official way to reach leaders. Use the public company route here and treat any inferred personal address as unverified unless the company publishes it.
Personal executive email format not verified; use https://investor.drhorton.com/How much funding has D.R. Horton raised?
D.R. Horton is a public company (NYSE: DHI) and is not best described by venture funding raised.
D.R. Horton is a mature public company, not a venture-backed startup with seed, Series A, or late-stage private financing rounds. Its relevant capital profile is public equity, unsecured debt or mortgage debt, operating cash flow, asset sales, acquisitions, dividends, and share repurchases rather than VC funding.
The major capital milestones are: 1978 Founded (Donald R. Horton starts the homebuilding company.); 1992 IPO (D.R. Horton lists publicly.); 2002 Becomes largest U.S. builder (The company begins a long run as the largest U.S. builder by volume.); 2017 Forestar investment (D.R. Horton expands lot development control through Forestar.); 2025 84,863 closings (Fiscal 2025 closes 84,863 homes in 126 markets.); 2026 Affordability cycle (Management adjusts incentives and guidance around buyer affordability.). As of June 2026, the most useful buyer signal is not a private valuation but fiscal 2025 operations included 84,863 homebuilding closings, NYSE: DHI, and the scale of its asset base and capital program.
For sellers, that means buying capacity exists but is governed by mature procurement, IT, legal, compliance, finance, and asset-level operating review. The winning case ties directly to revenue, occupancy, leasing, closings, maintenance, risk, uptime, data, or operating-cost metrics.
How did D.R. Horton get here?
D.R. Horton scaled through public-market capital, portfolio operations, and disciplined real estate or homebuilding execution.
- 1978Company foundedD.R. Horton starts in Texas.
- 1992Public listingThe company enters public markets.
- 2002Scale leadershipD.R. Horton becomes a national volume leader.
- 2017Forestar relationshipLot control becomes a strategic advantage.
- 20251.2M lifetime closingsAnnual report notes more than 1.2M homes closed over history.
- 2026Guidance resetAffordability headwinds shape closings and incentives.
Who are D.R. Horton's competitors?
D.R. Horton competes with public and private operators that target the same property type, customer base, capital sources, and operating talent.
D.R. Horton — frequently asked questions
