D. R. Horton

D. R. Horton is the largest home construction company in the United States based on its 37,380 houses sold (up 26% year over year) and closed 36,648 (up 28% year over year) in fiscal year 2015. D.R. Horton posted revenues of $10.7 billion in 2015. D. R. Horton was founded in 1978 by Donald R. Horton in the Dallas–Fort Worth metroplex. The company's headquarters is located in the D. R. Horton Tower in Downtown Fort Worth. D. R. Horton operates two divisions: Emerald Homes and Express Homes. Express Homes is tailored to entry-level buyers while the Emerald Homes brand is sold as luxury real estate.

D.R. Horton's geographic exposure extends from Texas to the Southeast, Mid-Atlantic, West Coast and Southwest. The company has minimal exposure in the upper Midwest and Northeast. Single-family detached homes accounted for 91% of D.R. Horton's sales in 2013. The company also builds condominiums, town homes, and multi-family residences. D.R. Horton also operates a financial arm, which provides mortgage financing and ancillary services such as title agency services. The company doesn't maintain mortgage exposure on its balance sheet. It immediately sells the loans to third parties. Also, most of the company’s loans are agencies—Ginnie Mae and Freddie Mac. Financial services account for about 3% of D.R. Horton’s revenues.