# D.R. Horton

D.R. Horton is an other based in Austin, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Founded:** 1978
- **Assets under management:** Undisclosed
- **Website:** drhorton.com
- **LinkedIn:** https://www.linkedin.com/company/dr-horton

## About

D.R. Horton is an SEC-registered investment adviser with 1 employee and 1 investment adviser.

## Sectors

- Real Estate
- Homebuilding
- Construction

## Questions

### Who controls investment and strategic decisions at D.R. Horton?

As a publicly-traded company (NYSE: DHI), D.R. Horton is governed by a board of directors elected by shareholders. Strategic decisions are made by CEO Paul J. Romanowski and the executive team. The Horton family's influence is limited because the company is widely held; Donald R. Horton, the founder, is no longer involved in day-to-day operations.

### What investment stages and asset classes does D.R. Horton focus on?

D.R. Horton focuses exclusively on residential real estate development and homebuilding. It does not invest in external asset classes. Its capital is deployed into land acquisition, land development, home construction, and related mortgage and insurance services.

### How does D.R. Horton source its land?

Horton uses a land-light approach: it controls land through option contracts rather than owning all lots outright. This limits capital at risk while providing pipeline visibility. The company also operates Forestar, a land development subsidiary that acquires and develops lots.

### What is D.R. Horton's geographic strategy?

Horton operates in 33 states and 117 markets, heavily concentrated in the Sun Belt and Southeast regions. This geographic diversification reduces exposure to regional housing cycles. The company also has a presence in Arizona, Texas, Florida, and the Carolinas (per D.R. Horton annual report 2023).

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Last updated: 2026-06-03T20:00:00.000Z

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