#D.R. Horton Homes

[gregnrealestate]

D.R. Horton, Inc. Announces the Passing of Company Founder and Chairman, Donald R. Horton

America’s Builder, today announced the sudden passing of Donald R. Horton, the Company’s Founder and Chairman of the Board of Directors.

D.R. Horton, Inc. (NYSE:DHI), America’s Builder, today announced the sudden passing of Donald R. Horton, the Company’s Founder and Chairman of the Board of Directors. David V. Auld, the Company’s Executive Vice Chairman, has been appointed by the Board to serve as Executive Chairman, effective immediately. David V. Auld shared, “It is with great sadness that I announce the passing of my friend…

[reasonsforhope]

"Across religions of all creeds and sects, there’s a unifying theme of helping one’s neighbors — and that’s a mission that pastor Michael Jones wants to prioritize for his community in the coming years. 

Recently, Jones’ Village of Faith Ministries, a church based in Sandston, Virginia, joined congregations around the country in converting church property into affordable housing. 

“We knew that, at some point in time, we would look to position ourselves to sell a portion of it, or all of it, to simply aid where our congregation is trying to go in the future,” Jones told Next City in January.

The church is presently eying a portion of its 1.5 acre property on its Southside location with plans to construct 192 apartments and 40 townhomes. 

Jones told Next City that the homebuilding company D.R. Horton worked with the church to develop a housing plan that could meet the church’s financial goals while also keeping rent costs low. 

“We know that housing is a need,” Jones said. 

Jones sees a bright future for the 232 housing units yet to be built, and the 232 families that will call their property home. 

Jones wants the church to be a community hub, where people can seek services, meet their neighbors, and even visit the community garden on its property. 

“Our churches should not be vacant Monday through Saturday,” Jones said. 

Village of Faith Ministries joins a growing number of faith-based organizations that are addressing the housing crisis in a variety of ways, whether it’s by building tiny home communities for the homeless, offering zero interest loans for low-income families, or extending rental assistance to those in need. 

In response to cynicism surrounding new housing developments — often boiled down to the phrase “not in my backyard” — churches across the United States started the faith-based movement: “Yes, In God’s Backyard.” 

The grassroots effort works to address the nationwide deficit of affordable housing and inspire faith leaders to use their resources to give back to their communities. 

And it’s working. 

Last year, a bill titled “Yes, In God’s Backyard” passed in California, which permits religious institutions to convert their land into housing without being held to local zoning regulations. 

In early 2025, Virginia’s state senate considered a similar bill, “Faith in Housing for the Commonwealth” — a bill that was still under review at the time of publication. 

“[We proudly support the] ‘Faith in Housing for the Commonwealth Act’ to build more affordable housing where it is most needed by allowing churches to build affordable housing on their land through a streamlined process,” the Commonwealth Housing Coalition said in a press statement. 

“Today in Virginia, too many of our neighbors and community members struggle to afford a place to call home,” the coalition continued. “We have an opportunity to help more faith-based institutions help solve this problem by allowing them to build homes on their land.”"

-via GoodGoodGood, March 12, 2025

[beardedmrbean]

One of the nation’s largest homebuilders will not be able to build an isolated housing development on 286 acres of farmland in Burlington County, according to a court ruling.

The decision released last month came after more than two years of legal battles between the housing developer D.R. Horton and Springfield Township — a small community in Burlington County that is 75% farmland or preserved open space.

D.R. Horton alleged the township has been in violation of state affordable housing rules for more than seven years because it hasn’t provided its fair share of low- and moderate-income housing.

The company also claimed Springfield officials did not give developers a fair chance to build in the community and provide homes for low- and moderate-income families, the lawsuit said.

But, Springfield Mayor Dave Frank said the town is dedicated to offering affordable housing in a way that aligns with the community’s farmland preservation goals.

“Springfield Township has always been committed to the production of affordable housing — in Springfield and throughout the state,” Frank said.

“We are trying to do it in a way that is appropriate to the size of our community, and the other planning concerns that are important in our community and state like sustaining agriculture as a viable industry, and preserving farmland and environmentally sensitive lands,” he said.

D.R. Horton did not immediately respond to a request for comment.

In 2022, D.R. Horton proposed to develop a community of nearly 1,400 homes, with a mix of apartments, townhouses and single-family homes, on a site known as the Van Wagoner farm. The land is located along Arney’s Mount Park and Birmingham Road in Springfield.

Prior to the trial, D.R. Horton cut down its plan to 389 homes, with about 15% saved for affordable housing, according to court documents.

In an opinion submitted March 7, a state Superior Court judge sided with Springfield, denying D.R. Horton’s request to build on the farmland.

According to the court, the lawsuit was struck down because the site was “unsuitable for affordable housing development.”

However, the judge also added that despite Springfield’s efforts to preserve farms and open space, the township is still required by law to contribute its fair share of affordable housing.

According to Fair Share Housing Center, Springfield should have added 227 affordable housing units since 2015. D.R. Horton argued that by not doing so, Springfield is violating the Mount Laurel Doctrine — a legal framework that came out of a series of landmark state civil rights cases.

The doctrine legally prevents New Jersey municipalities from using local land-use laws to discriminate based on income. It also requires all towns in to provide a fair share of affordable housing options.

Housing advocates say the doctrine is pushing the state to develop more affordable homes.

Springfield Township officials say the doctrine can “promote sprawl” if it is applied without sensitivity to other planning concerns, Frank said.

Township officials argued in court they are complying with fair share housing laws and should not be required to approve the building of more homes to meet the regional need for affordable housing, court documents say.

Springfield also argued the Van Wagoner farm site chosen by D.R. Horton for its proposed housing development is unsuitable for high-density residential development under local and state planning regulations for environmentally sensitive areas.

The Van Wagoner farm is part of what local officials called a “carefully planned farm belt” in Burlington County that has remained intact due to countywide efforts of acquiring farm easements. Those efforts helped preserve nearly 6,000 acres, they said.

The site is also a “priority farm” under Burlington County’s farmland and open space preservation plan because of its soil resources and location near other preserved land, Springfield officials said.

The type of large scale development D.R. Horton proposed would’ve transformed the area’s rural farm character into a suburban setting, the township’s attorney argued in court.

The township currently has a population of about 3,200 people and has not grown in the last two decades. The number of employed residents has also steadily declined, according to court documents.

If D.R. Horton developed its proposed housing complex, about 1,000 new residents — a quarter of the town’s population — would have been isolated to that area of town, officials said in court.

There are several reasons why the Van Wagoner farm site was not a good choice for development, Burlington County Superior Court Judge Jeanne Covert said in her written decision.

Residents of the proposed community would rely on local farm roads as their primary access and there are no public water, sewer or public transportation facilities nearby, officials said.

The property is also environmentally unsuitable for development, with steep slopes and wetlands and its proximity to a county park. And, the only nearby businesses are a drug store, a gas station and a Dollar Tree miles away in another township, according to the lawsuit.

The company’s decision not to include business development in their plans would leave the affordable housing residents without resources — opposite of what state affordable housing rules push for, the judge wrote.

“This project takes sound planning and turns it on its head, along with a demonstrated and overt lack of concern for the would-be residents of this community,” Covert wrote in her opinion.

“An approval of this plan would be the epitome of ‘unsound planning’ and contrary to the constitutional mandate of (the Mount Laurel Doctrine),” she said.

Thank you for relying on us to provide the local news you can trust. Please consider supporting NJ.com with a voluntary subscription.

[mordorintelligencemarketresearch]

Steady Growth Ahead for U.S. Residential Construction Market Despite Headwinds  

Steady Growth Ahead for U.S. Residential Construction Market Despite Headwinds  

The U.S. residential construction market is poised for steady growth through 2030, despite facing challenges such as high interest rates, labor shortages, and material cost inflation. According to Mordor Intelligence, the market is projected to register a compound annual growth rate (CAGR) of over 3% during the forecast period. 

Market Overview 

The U.S. residential construction sector encompasses both single-family and multi-family housing units, including new constructions and renovations. Major urban centers like New York City, Los Angeles, San Francisco, Washington D.C., and Miami are focal points for development activities. 

In 2020, the federal funds rate was lowered to near zero in response to the COVID-19 pandemic, leading to historically low mortgage rates. This, coupled with a low housing supply, fueled residential construction during that period. However, the pandemic's economic impact led to temporary shutdowns, affecting residential investments in the second quarter of 2020. Despite these challenges, the residential market rebounded rapidly, with investment values surpassing pre-pandemic levels by the end of 2020. 

Key Market Trends 

Interest Rates and Mortgage Trends: The National Association of Realtors forecasts that the U.S. 30-year fixed-rate mortgage will average around 6.0% in 2025. This stabilization is expected to enhance new housing construction and increase demand for existing homes. 

Supply Chain and Material Costs: High mortgage rates and new tariffs, including a 145% duty on Chinese imports and a 25% levy on foreign steel and aluminum, have increased home construction costs by approximately $10,900 per unit, according to the National Association of Homebuilders. 

Labor Market Dynamics: The construction industry's dependence on undocumented workers makes it particularly vulnerable to immigration enforcement, adding further risks to an already stressed market. Worries about immigration enforcement officers taking away construction crews "creates more of the risk that the following day a couple siding crews don't show up," said Kurt Yinger, a vice-president at DA Davidson. 

Urban Development and Adaptive Reuse: Urban centers are witnessing a strategic shift, with former office spaces being repurposed into residential units. This trend addresses housing shortages and revitalizes urban areas, showcasing a creative solution to the region's housing crisis . 

Competitive Landscape 

The U.S. residential construction market is characterized by low market concentration, with several key players operating nationwide. Major companies include D.R. Horton, Lennar Corporation, PulteGroup, Greystar Worldwide, and Alliance Residential . These firms are actively engaging in strategic initiatives to expand their market presence and address the evolving demands of the housing sector. 

Future Outlook 

Despite current challenges, the U.S. residential construction market is expected to experience steady growth through 2030. Factors such as favorable mortgage rates, urban redevelopment initiatives, and increasing demand for housing units are anticipated to drive market expansion. However, stakeholders must navigate ongoing issues related to labor availability, material costs, and regulatory changes to capitalize on emerging opportunities. 

For a more detailed analysis, you can refer to the full report by Mordor Intelligence: US Residential Construction Market Analysis.

[digicloudm]

Lennar Corporation (LEN) Stock Forecasts

Summary Lennar Corp. based in Miami, is one of the two largest builders of homes based on 80,210 new home deliveries in FY24, up from 73,087 deliveries in FY23. Rival D.R. Horton actually delivered 89,690 in FY24. Lennar’s $35.4 billion in revenue ranks close to Horton’s $36.7 billion helped by an average sales price of $423,000 that is about $45,000 higher than DHI. Lennar builds homes in…

[dkaufmandevelopment]

Navigating Construction Material Prices Amid the New Administration’s Tariffs: What Developers and Investors Need to Know

The Cost of Building Just Got More Expensive—Now What?

For real estate developers and investors, rising construction costs are nothing new—but the latest proposed tariffs from the new administration could push home construction costs up by 4%–6% over the next year, with some material costs jumping by double digits.

From Canadian lumber to Chinese steel and concrete from Mexico and Canada, these tariffs are set to increase the cost of materials, squeeze builder profit margins, and potentially worsen the housing affordability crisis.

For investors, understanding these shifts is critical for managing project costs, securing materials, and identifying the most resilient investment strategies.

How Tariffs Could Impact Real Estate Development

Already, material costs have been rising:

• Canadian lumber is up 14.5%

• Concrete prices have increased 8%

• Household appliances could rise as much as 20%

• Chinese steel tariffs could push costs up by double-digit percentages

And these increases come on top of annual material price hikes that generally track inflation. CoreLogic analysis suggests that builders could see up to a 10% increase in material prices over the next 12 months—posing a serious challenge for project budgeting.

For developers working on affordable housing projects, the impact could be even greater, as profit margins are already tight.

The Real Impact on Construction Budgets

Rising Costs Could Push New Construction Out of Reach for Buyers

The average cost of new construction in the U.S. is currently $422,000. A 4%–6% increase in material costs due to tariffs would add $17,000 to $22,000 to that price tag, making homeownership even less attainable for entry-level buyers.

Meanwhile, the median home price in the U.S. rose by $19,500 in 2024, reaching $385,000 in October. Without an increase in new housing supply, prices for existing homes are likely to keep climbing.

With wages struggling to keep pace, these added costs will push more households into the cost-burdened category, where they spend over 30% of their income on housing—further limiting demand for new homes.

Developers’ Margins Are Shrinking

The average profit margin for homebuilders in 2024 was 11%, according to the National Association of Home Builders. Even a 4% rise in construction costs could significantly eat into those margins.

Large builders like D.R. Horton are attempting to shrink home sizes and offer mortgage rate buydowns to maintain affordability, but they’re still seeing revenue declines.

If the tariffs go into full effect, we could see a slowdown in new construction, leading to even tighter housing inventory—which could further drive up resale prices and create residential gridlock.

Which Construction Materials Are Most Affected?

While not all building materials will be equally impacted, certain key categories will see the most significant price hikes:

1. Canadian Wood Products

• The U.S. already increased tariffs on Canadian wood from 8.05% to 14.54% in 2023, pushing prices up.

• Many builders have shifted to sourcing lumber from Oregon, Washington, and the Southeast, but availability is limited.

2. Chinese Steel

• Tariffs on Chinese steel could drive up commercial construction costs by double-digit percentages.

• While the residential sector is less reliant on imported steel, rising prices could impact multifamily and mixed-use projects.

3. Mexican and Canadian Concrete & Cement

• 25% of cement used in the U.S. is imported, with Canada and Mexico as major suppliers.

• Tariff increases could raise costs for both residential and commercial projects.

4. Housing Fixtures

• Appliances, lighting, and cabinetry could see 10%–20% increases.

• While these costs are a smaller percentage of overall project budgets, they could still impact build-to-rent and entry-level housing affordability.

What Materials Will Be Less Affected?

• Roofing materials: Mostly sourced domestically, with potential price stability or even decreases if oil production increases.

• Masonry products: Heavy domestic production should limit major cost fluctuations.

The Supply Chain Factor: A Hidden Risk

Even if developers shift sourcing to domestic suppliers to avoid tariffs, they could face unexpected bottlenecks.

During the pandemic-driven construction boom, we saw how quickly supply chain disruptions can lead to soaring prices—with lumber costs spiking 54% in 2021.

Already, early signs of stress on domestic production are emerging:

• Sawmills have closed due to falling housing starts

• Lumber sales are down 8% year-over-year

• Major cement producers like James Hardie have already raised prices in 2024

If demand surges while domestic supply is still recovering, short-term price spikes could be even higher than expected.

What This Means for Developers & Investors

Key Challenges

✅ Higher material costs = slimmer margins

✅ Supply chain volatility could lead to unexpected price spikes

✅ More expensive homes could reduce buyer demand & affordability

✅ Slower new construction = tighter housing supply & rising resale prices

Opportunities to Mitigate Risk

🔹 Lock in material costs early: Work with suppliers to negotiate fixed pricing

🔹 Explore alternative building materials: Domestic engineered wood, steel framing, or modular construction

🔹 Target build-to-rent & multifamily projects: Rental demand remains strong

🔹 Consider development in areas with strong incentives: Some states are offering tax credits & fast-tracked approvals for affordable housing

Final Thoughts: Adapt & Stay Ahead

For real estate developers and investors, navigating these rising costs requires proactive planning.

• Short-term pain: Tariffs will increase costs, and supply chains may struggle to adjust.

• Long-term shifts: Developers may need to rethink sourcing strategies and adopt alternative construction methods.

• Investment strategy: Understanding how these costs impact affordability and buyer demand will be key to making the right investment moves.

The real question is: How will your projects adapt to these rising costs?

Let’s discuss. Drop a comment or reach out to talk strategies. 🚀

[nitinguptadfw]

Top 5 Things First-Time Home Buyers Wish They Knew Before Building a New Construction Home with D.R. Horton

http://dlvr.it/TJ0JkT

[robfinancialtip]

Investor caution, ahead of the Federal Reserve's coming interest rate decision, is the probable trigger for eight consecutive days of losses in the Dow Jones Industrial Average.

Today's Stocks & Topics: MTW - Manitowoc Co., CIVI - Civitas Resources Inc., Oil, Protect Yourself from Identity Theft, DHI - D.R. Horton Inc., KBH - KB Home, DRIP Stocks, HSY - Hershey Co., The Fed and Interest Rates, PRU - Prudential Financial Inc., WSM - Williams-Sonoma Inc., ORI - Old Republic International Corp., Nuclear Energy.

[aitoolswhitehattoolbox]

Digital Marketing Support Spec

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title…

[thelistingteammiami]

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand | The Listing Team

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity.

However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale). An article from the Wall Street Journal shows this is true for new home construction:

“Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up.”

The article quotes David Auld, CEO of D.R. Horton Inc. (the largest homebuilder by volume in the United States since 2002), explaining how they don’t have enough homes for the number of buyers coming into their models:

“Through our history, to have somebody walk into our models and to tell them, ‘We don’t have a house for you to buy today’, is something that is foreign to us.”

Danielle Hale, Chief Economist for realtor.com, also explains that, in the existing home sale market, the slowdown in sales was a supply challenge, not a lack of demand. Responding to a recent uptick in listings coming to market, she notes:

“. . . if these changing inventory dynamics continue, we could see a wave of real estate activity heading into the latter part of the year.”

Again, the buyers are there. We just need houses to sell to them.

If the slowdown in sales was the result of demand waning, we would start to see home prices beginning to moderate – but this isn’t the case. As Mark Fleming, Chief Economist for First American, explains:

“There’s a lot of conversation around rising prices and falling quantity in the housing market, and there’s this concept, or this idea, that it's a demand-side problem . . . . But, if demand were falling dramatically, we would actually see less price pressure, less home price growth.”

Instead, we’re seeing price appreciation accelerate throughout this year, as evidenced by the year-over-year percentage increases reported by CoreLogic:

January: 10%

February: 10.4%

March: 11.3%

April: 13%

May: 15.4%

June: 17.2%

(July numbers are not yet available)

There’s a shortage of listings, not buyers, and there are three very good reasons for purchasers to still be interested in buying a home this year.

1. Affordability isn’t the challenge some are claiming it to be.

Though home prices have risen dramatically over the last 18 months, mortgage rates remain near historic lows. Because of these near-record rates, monthly mortgage payments are affordable for most buyers.

While homes are less affordable than they were last year, when we adjust for inflation, we can see they’re also more affordable than they were in the 1970s, 1980s, 1990s, and much of the 2000s.

2. Owning is a better long-term decision than renting.

A recent study shows renting a home takes up a higher percentage of a household’s income than owning one. According to the analysis, here’s the percentage of income homebuyers and renters should expect to pay now versus at the end of the year.

While the principal and interest of a monthly mortgage payment remain the same over the lifetime of the loan, rents increase almost every year.

3. Owners build their wealth. Renters build their landlord’s wealth.

Whether you’re a homeowner or an investor, real estate builds wealth through growing equity year-over-year. If you own, your household is gaining the benefit of that wealth accumulation. Fleming says:

“The major financial advantage of homeownership is the accumulation of equity in the form of house price appreciation . . . . We have to take into account the fact that the shelter that you’re owning is an equity-generating or wealth-generating asset.”

Odeta Kushi, Deputy Chief Economist at First American, elaborates in a recent article:

“. . . once the home is purchased, appreciation helps build equity in the home, and becomes a benefit rather than a cost. When accounting for the appreciation benefit in our rent versus own analysis, it was cheaper to own in every one of the top 50 markets, including the two most expensive rental markets, San Francisco and San Jose, Calif.”

Today, that equity buildup is substantial. The National Association of Realtors (NAR) reports:

“The median sales price of single-family existing homes rose in 99% of measured metro areas in the second quarter of 2021 compared to one year ago, with double-digit price gains in 94% of markets.”

In 94% of markets, there was a greater than 10% increase in median price. That means if you bought a $400,000 home in one of those markets, your net worth increased by at least $40,000. If you rented, the landlord was the recipient of the wealth increase.

Bottom Line

For many reasons, housing demand is still extremely strong. What we need is more supply (house listings) to meet that demand.

[llchatoff]

Mortgage rates surge higher on Trump victory, causing housing stocks to fall

Lennar, D.R. Horton and PulteGroup were all down Wednesday. Retailers Home Depot and Lowe's were also lower. http://dlvr.it/TG2XvS

[jobkash]

Accountant-BLD

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title…

[digicloudm]

Lennar Corporation (LEN) Stock Forecasts

Summary Lennar Corp. based in Miami, is one of the two largest builders of homes based on 80,210 new home deliveries in FY24, up from 73,087 deliveries in FY23. Rival D.R. Horton actually delivered 89,690 in FY24. Lennar’s $35.4 billion in revenue ranks close to Horton’s $36.7 billion helped by an average sales price of $423,000 that is about $45,000 higher than DHI. Lennar builds homes in…

[shakedown-2]

MORE new home nightmares with America's biggest builder D.R. Horton

[dkaufmandevelopment]

Why Real Estate Developers and Investors Should Pay Attention to the Surge in Unsold Homes

The U.S. housing market is experiencing its highest inventory of unsold new homes since 2009. While this might initially appear troubling, it presents unique opportunities for real estate developers and investors to adapt and capitalize on these shifting dynamics. Here’s why:

The Surge in Supply

Builders are grappling with unsold inventory, driven by economic factors like rising mortgage rates and affordability challenges. With over 108,000 finished homes sitting on the market, developers must rethink their strategies. This glut of inventory, coupled with strong demand for rental properties, has created an environment ripe for innovation, particularly in build-to-rent models.

Opportunities for Investors

Investors, particularly those in the single-family rental (SFR) sector, have become key players in helping builders offload homes. Smaller and midsized investors are buying at higher rates than last year, signaling confidence in rental income potential. The Sun Belt region, with its growing demand and abundant new construction, is particularly attractive.

The Build-to-Rent Revolution

Builders like D.R. Horton are leaning into the build-to-rent trend, with billions invested in rental properties. By partnering with SFR investors or holding onto properties for rental income, developers can weather current market challenges while positioning themselves for future gains.

Creative Solutions and Long-Term Gains

Developers are embracing creative financing strategies, such as rental-based loans, to retain properties until the sales market stabilizes. This approach not only ensures cash flow but also positions developers to meet future demand when market conditions improve.

Engage With the Trend

The growing focus on rental opportunities is reshaping the landscape for developers and investors alike. How do you see these trends impacting your strategy?

[fmarkets]

D'R''Horton'Inc''Unveils'Impressive'Revenue'Surge'in'Q''''''''Signaling'Strong'Market'Resilience $DHI #Construction Services #NYSE

As Demand for Homes Grows, D.R. Horton Capitalizes on Opportunities, Showcasing Strategic Growth StrategiesD.R. Horton Inc., one of the leading construction services companies in the industry, has recently released its financial results for the third quarter of 2024. The company reported a moderate revenue rise of 2.469% to $9.97 billion, showcasing its ability to adapt and succeed in challenging market conditions. This impressive revenue increase sets D.R. Horton Inc. apart from most of its competitors, who ha