Summary
D.R. Horton, based in Fort Worth, Texas is one of the largest homebuilders in the U.S., with homebuilding revenue of $34 billion on 89,690 closings for the fiscal year ended September 30, 2023. To be sure, DHI may be number one based on deliveries while Lennar, whose average selling price is about $60,000 higher than DHI’s, may have higher revenue in some years. The company offers homes in 125 markets in 36 states. About 87% of 2024 home sales revenue was from single-family detached homes, down from 99% in FY24. The average home price was down about 1% to $378,000 in FY24. The company’s financial services segment also provides mortgage financing and title agency services. DHI’s Rental division generated $1.7 billion of revenue in 2024.
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