D. R. Horton, Inc. is a home construction company incorporated in Delaware and headquartered in Arlington, Texas. In 2017, the company was the largest home builder in the United States based on the number of homes closed. The company is ranked 232nd on the Fortune 500. The company operates in 78 markets in 28 states.
D. R. Horton operates three separately branded divisions: Emerald Homes, Express Homes, and Freedom Homes. Express Homes is tailored to entry-level buyers while the Emerald Homes brand is sold as luxury real estate. Freedom Homes caters to the active adult community, aged 55 and over.
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History
The company was founded in 1978 by Donald R. Horton.
In 1997, the company acquired Continental Homes for $305 million and the assumption of $278 million in debt. The company also entered the Tucson, Arizona market.
In 1998, the company promoted Donald J. Tomnitz to vice chairman and chief executive and promoted Richard Beckwitt to president. The company also acquired Cambridge Homes.
In 1999, the company acquired Century Title Agency.
In 2001, the company acquired Emerald Builders. The company also acquired Fortress Homes and Communities of Florida.
In 2002, the company acquired Schuler Homes. The company also acquired 300 acres in Arlington, Texas.
In 2013, the company re-entered the Nashville market.
In April 2015, the company acquired Pacific Ridge Homes, based in Seattle, for $72 million. 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.
In May 2015, the company received approval from the Honolulu City Council to begin construction on a 11,750-home planned community in West Oahu, Hawaii.
In 2016, the company acquired Wilson Parker Homes for $90 million.
In 2017, the company moved its headquarters from Fort Worth, Texas to Arlington, Texas.
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Controversies
The Supreme Court of the United States will hear the appeal of a case in which the National Labor Relations Board held that the company violated the National Labor Relations Act by requiring its employees to sign an arbitration agreement that prohibited them from pursuing claims in a collective or class action.
References
External links
Source of article : Wikipedia
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