D.R. Horton
D.R. Horton is more than a homebuilder. Its 10-K shows a rental arm that closed 3,460 single-family rentals and 2,947 apartment units in fiscal 2025. It also owns 62% of the lot developer Forestar, which sold 83% of its 14,240 lots to D.R. Horton. Buyers are dealing with a company that also controls much of its own land pipeline, and lends and does title work.
Last verified: 2026-10-20
Unscored
Public. Says it is the largest U.S. homebuilder by homes closed.
No published developer or builder rubric yet.
At a glance
| Legal entity | D.R. Horton, Inc. (NYSE: DHI) |
| Headquarters | Arlington, TX |
| Segment | National homebuilders / Multifamily developers |
| Scale (as published) | 84,863 homes closed in fiscal 2025 (year to Sep 30, 2025) |
| Score | Unscored |
What the sources reveal
D.R. Horton is more than a homebuilder. Its 10-K shows a rental arm that closed 3,460 single-family rentals and 2,947 apartment units in fiscal 2025. It also owns 62% of the lot developer Forestar, which sold 83% of its 14,240 lots to D.R. Horton. Buyers are dealing with a company that also controls much of its own land pipeline, and lends and does title work.
Key facts
| Fact | Source | Checked |
|---|---|---|
| Fiscal 2025: 84,863 homes closed at an average closing price of $370,400, in 126 markets across 36 states. | source | |
| Consolidated revenues $34.3B in fiscal 2025 ($36.8B in 2024); homebuilding was 92%. Net income attributable to D.R. Horton $3,585.2M (XBRL). | source | |
| Calls itself the largest homebuilding company in the U.S. by number of homes closed (company claim in the 10-K). | source | |
| Rental operations closed 3,460 single-family rental homes and 2,947 multifamily rental units; owns 62% of Forestar Group, which sold 14,240 lots, 83% to D.R. Horton. | source | |
| No. 3 on the NMHC 2026 Top 50 Developers list with 6,099 apartment units started in 2025 (4,590 in 2024). | source |
Who it’s actually for
- Entry-level and first move-up buyers: homes generally $250,000 to over $1,000,000, average $370,400.
- Buyers who want builder mortgage and title in one place (the 10-K describes both).
What we could not verify
- Incentive amounts per home: not broken out in the passages we read.
- Build quality or warranty claim data: not in the 10-K.
Related
D.R. Horton vs Lennar · Developers and builders hub · All profiles
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Profile published from sources read this day.
Sources
- D.R. Horton Form 10-K for fiscal 2025 (year ended Sep 30, 2025) · accessed 2026-10-20
- NMHC, 2026 Top 50 Developers · accessed 2026-10-20
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