D. R. Horton

The company was founded in 1978 by Donald R. Horton.{{Cite web|url=https://www.forbes.com/lists/2005/54/76C1.html|title=Donald R Horton, The 400 Richest Americans - Forbes.com|website=www.forbes.com|access-date=2018-09-17}} Horton took the company public in 1992, and as of 2020 owned about 6% of the company.{{Cite web|url=https://www.forbes.com/profile/donald-horton/|title=Donald Horton|website=www.forbes.com|access-date=2020-10-29}} In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt.{{cite news | url=https://www.nytimes.com/1997/12/20/business/company-news-d-r-horton-set-to-buy-continental-homes.html | title=D. R. HORTON SET TO BUY CONTINENTAL HOMES | agency=Bloomberg News | work=The New York Times | date=December 20, 1997}} The company also entered the Tucson, Arizona, market.{{cite news | url=https://www.bizjournals.com/dallas/stories/1997/06/23/daily4.html | title=D.R. Horton enters Tucson market | work=American City Business Journals | date=June 24, 1997}} In 1998, the company promoted Donald J. Tomnitz to vice chairman and chief executive and promoted Richard Beckwitt to president.{{cite news | url=https://www.nytimes.com/1998/11/14/business/company-news-dr-horton-home-builders-appoints-key-officers.html | title=D.R. HORTON, HOME BUILDERS, APPOINTS KEY OFFICERS | agency=Bloomberg News | work=The New York Times | date=December 20, 1997}} The company also acquired Cambridge Homes.{{cite news | url=https://www.bizjournals.com/dallas/stories/1998/12/21/daily1.html | title=D.R. Horton announces acquisition | work=American City Business Journals | date=December 21, 1998}}

The company completed more acquisitions throughout the years. In 1999, the company acquired Century Title Agency.{{cite news | url=https://www.bizjournals.com/triad/stories/1999/07/05/daily6.html | title=D.R. Horton Inc. acquires leading title agency in Phoenix | work=American City Business Journals | date=July 7, 1999}} In 2001, the company acquired Emerald Builders{{cite news | url=https://www.bizjournals.com/dallas/stories/2001/07/16/daily32.html | title=D.R. Horton completes Emerald Builders buy | work=American City Business Journals | date=July 18, 2001}} and Fortress Homes and Communities of Florida.{{cite news | url=http://jacksonville.com/tu-online/stories/051901/bus_6216819.html | title=Fortress Homes bought, to be named Continental by year's end | first=Earl | last=Daniels | work=The Florida Times-Union | date=May 19, 2001}}{{cite news | url=https://www.bizjournals.com/dallas/stories/2001/04/30/daily21.html | title=D.R. Horton acquires Florida homebuilder | work=American City Business Journals | date=May 2, 2001}} In 2002, the company acquired Schuler Homes.{{cite news | url=https://www.nytimes.com/2001/10/24/business/company-news-horton-acquires-another-home-builder.html | title=HORTON ACQUIRES ANOTHER HOME BUILDER | agency=Bloomberg News | work=The New York Times | date=October 24, 2001}}{{cite news | url=https://www.bizjournals.com/dallas/stories/2002/02/18/daily44.html | title=D.R Horton closes Schuler Homes buy | work=American City Business Journals | date=February 22, 2002}} The company also acquired 300 acres in Arlington, Texas.{{cite news | url=https://www.bizjournals.com/dallas/stories/2002/04/22/story6.html | title=D.R. Horton buys 300 acres at Craig Ranch | first=Christine | last=Perez | work=American City Business Journals | date=April 21, 2002}}

In 2013, the company re-entered the Nashville market.{{cite news | url=https://www.bizjournals.com/nashville/blog/2013/03/dr-horton-nations-largest.html | title=D.R. Horton, nation's largest homebuilder, enters Nashville market | first=Eric | last=Snyder | work=American City Business Journals | date=March 1, 2013}}

In April 2015, the company acquired Pacific Ridge Homes, based in Seattle, for $72 million.{{cite news | last=Maurus | first=Christine|title=D.R. Horton to buy Pacific Ridge Homes in Seattle-area expansion|url=http://www.seattletimes.com/business/real-estate/dr-horton-to-buy-pacific-ridge-homes-in-seattle-area-expansion/ | work=The Seattle Times | date=April 27, 2015}} The acquisition included 350 lots, 90 homes in inventory and 40 homes in sales order backlog. Horton also acquired control of about 400 lots through option contracts.{{cite news | last=Carlisle | first=Candace | title=Homebuilding giant D.R. Horton gets bigger with $72M acquisition | url=http://www.bizjournals.com/dallas/news/2015/04/27/homebuilding-giant-d-r-horton-gets-bigger-with-72m.html | work=American City Business Journals | date=April 27, 2015}}

In May 2015, the company received approval from the Honolulu City Council to begin construction on an 11,750-home planned community in West Oahu, Hawaii.{{cite news | last=Shimogawa | first=Duane | title=D.R. Horton gets OK for 11,750-home Hoopili project in West Oahu | url=http://www.bizjournals.com/pacific/news/2015/05/06/d-r-horton-gets-ok-for-11-750-home-hoopili-project.html | work=American City Business Journals | date=May 7, 2015}}

In 2016, the company acquired Wilson Parker Homes for $90 million.{{cite news | title=D.R. Horton acquires homebuilding operations of Wilson Parker Homes | last=Allison | first=David | url=http://www.bizjournals.com/atlanta/news/2016/09/06/d-r-horton-acquires-homebuilding-operations-of.html | work=American City Business Journals | date=September 6, 2016}} In 2017, the company moved its headquarters from Fort Worth, Texas, to Arlington, Texas.{{cite news | title=Fort Worth Star-Telegram | url=http://www.star-telegram.com/news/business/biz-columns-blogs/baker-ahles-kaskovich/article156602034.html | date=June 19, 2017}} and acquired a majority ownership in land developer Forestar Group, Inc. In 2018, the company acquired Terramor Homes, Classic Builders, and Westport Homes.{{cite web |last1=O'Donnell |first1=Paul |title=Arlington-based homebuilder D.R. Horton buys North Carolina firm for $60 million |url=https://www.dallasnews.com/business/real-estate/2018/12/11/arlington-based-homebuilder-d-r-horton-buys-north-carolina-firm-for-60-million/ |website=April 19, 2020 |date=December 11, 2018}}

On May 17, 2024, the company announced the passing of its founder and chairman, Donald R. Horton, who suddenly died at the age of 74.{{Cite web |title=D.R. Horton, Inc. Announces the Passing of Company Founder and Chairman, Donald R. Horton |url=https://www.businesswire.com/news/home/20240517493282/en/}}{{Cite web |title=Donald Ray Horton, Whose Company Has Built a Million Homes, Dies at 74 - WSJ |url=https://www.wsj.com/real-estate/donald-ray-horton-home-builder-dies-afa11c3e}} Company representatives believe the cause of death was a heart attack.{{Cite web |last=Wooten • • |first=Nick |date=2024-05-19 |title=D.R. Horton, founder of nation's largest homebuilder, dies |url=https://www.nbcdfw.com/news/local/texas-news/donald-r-horton-dies-at-74/3545040/ |access-date=2024-07-20 |website=NBC 5 Dallas-Fort Worth |language=en-US}} Following Horton's death, the board appointed the company's Executive Vice Chairman, David V. Auld, as the new executive chairman.{{Cite web |title=D.R. Horton, Inc. Announces the Passing of Company Founder and Chairman, Donald R. Horton |url=https://www.star-telegram.com/news/local/obituaries/article288548201.html}}

The Supreme Court of the United States heard the appeal of a case in which the National Labor Relations Board held that the company violated the National Labor Relations Act (NLRA) by requiring its employees to sign an arbitration agreement that prohibited them from pursuing claims in a collective or class action.{{cite web | title=D.R. Horton v. NATIONAL LABOR RELATIONS BOARD | url=https://www.ca5.uscourts.gov/opinions%5Cpub%5C12/12-60031-CV0.pdf | work=United States Court of Appeals for the Fifth Circuit | date=December 3, 2013}} In 2018 the Supreme Court ruled in favor of D.R. Horton, stating that the company's actions did not violate the NLRA or the Federal Arbitration Act.Peter N. Kirsanow and Adam Primm (May 21, 2018). [https://www.beneschlaw.com/resources/supreme-court-lays-d-r-horton-debate-to-rest-rejects-nlrb-position-that-class-waivers-violate-employee-rights.html]. BeneschLaw.com, accessed 23 Nov 2023

• 1st, Builder Top 100  - 2003-2023{{Cite web |title=The Top 100 - 2022 |url=https://www.builderonline.com/builder-100/builder-100-list/2022/ |website=builderonline.com}}{{Cite web |date=2023 |title=The Top 100 - 2023 |url=https://www.builderonline.com/builder-100/builder-100-list/2023/ |website=builderonline.com}}

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• {{Official|https://www.drhorton.com}}

{{Finance links

| name = D.R. Horton, Inc.

| symbol = DHI

| google = DHI:NYSE

| yahoo = DHI

| bloomberg = DHI:US

| sec_cik = 882184

}}

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Category:1978 establishments in Texas

Category:Companies listed on the New York Stock Exchange

Category:Companies based in Arlington, Texas

Category:Construction and civil engineering companies established in 1978

Category:Construction and civil engineering companies of the United States

Category:Home builders

Category:1992 initial public offerings