D. R. Horton, Inc. Profile

D.R. Horton, Inc. (D.R. Horton) is a homebuilding company in the United States. The Company constructs and sells single-family homes through its operating divisions in 25 states and 74 metropolitan markets of the United States, under the name of D.R. Horton, America's Builder. The Company's homes range in size from 1,000 to 5,000 square feet. Through its financial services operations, D.R. Horton provides mortgage banking and title agency services to homebuyers in its homebuilding markets. DHI Mortgage, the Company's wholly owned subsidiary, provides mortgage financing services to purchasers of homes the Company builds and sells. D.R. Horton's subsidiary title companies serve as title insurance agents by providing title insurance policies, examination and closing services to purchasers of homes the Company builds and sells. For the nine months ended 30 June 2006, D.R. Horton Inc.'s revenues increased 16% to $10.17B. Net income increased 5% to $955.6M. Revenues reflect an increase in average selling price of homes and higher sales orders. Net income was partially offset by higher cost of sales, an increase in selling, general & administrative expenses, higher interest expenses and higher provision for income taxes expenses.