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D.R. Horton Inc DHI

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D.R. Horton Delivered Excellent Q3 Results Amid Growing Demand for Affordable Suburban Homes

Analyst Note

| Brian Bernard, CFA, CPA |

D.R. Horton delivered an excellent fiscal third-quarter performance, which we view as more proof that housing market fundamentals in the United States have remained strong despite the coronavirus pandemic. D.R. Horton has also benefited from its strategic focus on speculative building and entry-level construction. Spec building can be an effective way to maximize returns in a healthy housing market, and entry level is the fastest-growing market segment.

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Company Profile

Business Description

D.R. Horton is a leading homebuilder in the United States with operations in 90 markets across 29 states. D.R. Horton mainly builds single-family detached homes (90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages five regional homebuilding offices across the United States.

1341 Horton Circle
Arlington, TX, 76011
T +1 817 390-8200
Sector Consumer Cyclical
Industry Residential Construction
Most Recent Earnings Jun 30, 2020
Fiscal Year End Sep 30, 2020
Stock Type Cyclical
Employees 8,916