D.R. Horton, Inc. is a

home construction Home construction or residential construction is the process of constructing a house, apartment building, or similar residential building generally referred to as a 'home' when giving consideration to the people who might now or someday reside th ...

company incorporated in

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...

and headquartered in

Arlington, Texas Arlington is a city in the U.S. state of Texas, located in Tarrant County. It forms part of the Mid-Cities region of the Dallas–Fort Worth–Arlington metropolitan statistical area, and is a principal city of the metropolis and region. ...

. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 194 on the 2019

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

list of the largest United States corporations by revenue. The company operates in 90 markets in 29 states. D.R. Horton operates four brands: D.R. Horton, 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 Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

. Freedom Homes caters to the active adult community.

History

The company was founded in 1978 by Donald R. Horton. Horton took the company public in 1992, and owns about 6% of the company. 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 , "(at the) base of the black ill , nicknames = "The Old Pueblo", "Optics Valley", "America's biggest small town" , image_map = , mapsize = 260px , map_caption = Interactive map ...

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. The company completed more acquisitions throughout the years. In 1999, the company acquired Century Title Agency. In 2001, the company acquired Emerald Builders and 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

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market. In April 2015, the company acquired Pacific Ridge Homes, based in

Seattle Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest regio ...

, 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 Honolulu City Council is the legislature of the City and County of Honolulu, the capital and largest city in Hawai'i, the fiftieth state in the United States. The City and County of Honolulu is a municipal corporation that manages government asp ...

to begin construction on an 11,750-home

planned community A planned community, planned city, planned town, or planned settlement is any community that was carefully planned from its inception and is typically constructed on previously undeveloped land. This contrasts with settlements that evolve ...

in West

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. In 2016, the company acquired Wilson Parker Homes for $90 million. In 2017, the company moved its headquarters from

Fort Worth, Texas Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly into four other counties: Denton, Johnson, Parker, and Wise. According ...

. In 2018, the company acquired Terramor Homes, Classic Builders, and Westport Homes.

Controversies

The

Supreme Court of the United States The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all U.S. federal court cases, and over state court cases that involve a point o ...

heard the appeal of a case in which the

National Labor Relations Board The National Labor Relations Board (NLRB) is an independent agency of the federal government of the United States with responsibilities for enforcing U.S. labor law in relation to collective bargaining and unfair labor practices. Under the Natio ...

held that the company violated the

National Labor Relations Act The National Labor Relations Act of 1935, also known as the Wagner Act, is a foundational statute of United States labor law that guarantees the right of private sector employees to organize into trade unions, engage in collective bargaining, and ...

by requiring its employees to sign an arbitration agreement that prohibited them from pursuing claims in a collective or

class action A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class actio ...

References

External links

{{DEFAULTSORT:Horton, D.R. 1978 establishments in Texas Companies listed on the New York Stock Exchange Companies based in Arlington, Texas Construction and civil engineering companies established in 1978 Construction and civil engineering companies of the United States Home builders 1992 initial public offerings