During Q4 FY 2021, the Company realigned the aggregation of its homebuilding operating segments into six new reportable segments to better allocate its homebuilding operating segments across geographic reporting regions. Based on the new aggregation, the six reporting segments and the states in which the Company has homebuilding operations are as follows:
Northwest: | Colorado, Oregon, Utah and Washington |
Southwest: | Arizona, California, Hawaii, Nevada and New Mexico |
South Central: Oklahoma and Texas | |
Southeast: | Alabama, Florida, Louisiana and Mississippi |
East: | Georgia, North Carolina, South Carolina and Tennessee |
North: | Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Minnesota, Nebraska, New Jersey, |
Ohio, Pennsylvania and Virginia |
For informational purposes, segment information, including sales, closings, backlog, land and lots and homes in inventory have been reclassified to conform to the 2021 presentation.
D.R. HORTON, INC. | ||||||||||||||||||||||||
NET SALES ORDERS | ||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2021 | 2021 | 2021 | 2020 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 972 | $ | 540.4 | 1,086 | $ | 592.7 | 1,475 | $ | 716.3 | 997 | $ | 470.8 | ||||||||||||
Southwest | 1,823 | 911.1 | 2,439 | 1,114.8 | 2,966 | 1,246.6 | 2,228 | 906.7 | ||||||||||||||||
South Central | 4,558 | 1,502.7 | 5,203 | 1,633.9 | 7,698 | 2,180.4 | 6,172 | 1,675.8 | ||||||||||||||||
Southeast | 4,252 | 1,484.8 | 5,415 | 1,784.0 | 8,642 | 2,635.8 | 5,930 | 1,727.4 | ||||||||||||||||
East | 3,213 | 1,120.7 | 2,750 | 889.9 | 4,397 | 1,367.4 | 3,678 | 1,118.8 | ||||||||||||||||
North | 1,131 | 474.4 | 1,059 | 433.5 | 1,881 | 702.4 | 1,413 | 516.5 | ||||||||||||||||
15,949 | $ | 6,034.3 | 17,952 | $ | 6,448.9 | 27,059 | $ | 8,849.0 | 20,418 | $ | 6,416.0 | |||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2020 | 2020 | 2020 | 2019 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 1,375 | $ | 630.0 | 1,384 | $ | 598.3 | 1,590 | $ | 702.4 | 959 | $ | 411.6 | ||||||||||||
Southwest | 3,414 | 1,267.9 | 2,575 | 922.9 | 2,540 | 971.4 | 1,685 | 676.5 | ||||||||||||||||
South Central | 6,174 | 1,614.7 | 6,135 | 1,572.8 | 5,748 | 1,477.9 | 3,454 | 889.8 | ||||||||||||||||
Southeast | 6,462 | 1,834.9 | 5,932 | 1,606.5 | 5,038 | 1,351.9 | 3,671 | 987.9 | ||||||||||||||||
East | 4,459 | 1,296.1 | 3,844 | 1,078.9 | 3,641 | 1,005.1 | 2,536 | 706.2 | ||||||||||||||||
North | 1,842 | 654.7 | 1,649 | 557.8 | 1,530 | 512.3 | 821 | 277.7 | ||||||||||||||||
23,726 | $ | 7,298.4 | 21,519 | $ | 6,337.3 | 20,087 | $ | 6,020.9 | 13,126 | $ | 3,949.8 | |||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2019 | 2019 | 2019 | 2018 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 915 | $ | 409.1 | 1,056 | $ | 480.5 | 1,253 | $ | 540.8 | 695 | $ | 307.0 | ||||||||||||
Southwest | 1,870 | 732.7 | 2,152 | 872.5 | 1,942 | 761.9 | 1,418 | 542.6 | ||||||||||||||||
South Central | 3,321 | 853.7 | 4,111 | 1,056.2 | 4,384 | 1,115.2 | 3,126 | 796.4 | ||||||||||||||||
Southeast | 3,640 | 987.6 | 4,271 | 1,132.9 | 4,727 | 1,227.5 | 3,002 | 774.0 | ||||||||||||||||
East | 2,549 | 711.9 | 2,903 | 804.5 | 3,336 | 907.1 | 2,223 | 610.6 | ||||||||||||||||
North | 835 | 274.1 | 1,095 | 360.6 | 1,163 | 389.4 | 578 | 194.6 | ||||||||||||||||
13,130 | $ | 3,969.0 | 15,588 | $ | 4,707.1 | 16,805 | $ | 4,942.0 | 11,042 | $ | 3,225.2 | |||||||||||||
D.R. HORTON, INC. | ||||||||||||||||||||||||
HOMES CLOSED | ||||||||||||||||||||||||
Three Months Ended | ||||||||||||||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2021 | 2021 | 2021 | 2020 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 1,404 | $ | 757.4 | 1,348 | $ | 662.5 | 1,161 | $ | 548.6 | 1,207 | $ | 547.1 | ||||||||||||
Southwest | 2,893 | 1,265.9 | 2,465 | 1,020.4 | 2,260 | 909.4 | 2,142 | 829.0 | ||||||||||||||||
South Central | 6,230 | 1,815.3 | 5,575 | 1,542.9 | 5,210 | 1,383.5 | 5,221 | 1,362.5 | ||||||||||||||||
Southeast | 6,059 | 1,930.5 | 6,558 | 1,960.6 | 5,967 | 1,710.7 | 5,258 | 1,464.3 | ||||||||||||||||
East | 3,616 | 1,152.2 | 3,975 | 1,227.9 | 3,590 | 1,070.7 | 3,497 | 1,003.1 | ||||||||||||||||
North | 1,735 | 672.1 | 1,667 | 625.7 | 1,513 | 547.6 | 1,414 | 492.7 | ||||||||||||||||
21,937 | $ | 7,593.3 | 21,588 | $ | 7,040.1 | 19,701 | $ | 6,170.4 | 18,739 | $ | 5,698.6 | |||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2020 | 2020 | 2020 | 2019 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 1,458 | $ | 643.4 | 1,013 | $ | 445.5 | 1,090 | $ | 476.2 | 897 | $ | 385.7 | ||||||||||||
Southwest | 2,648 | 1,013.8 | 2,037 | 776.1 | 1,824 | 730.4 | 1,636 | 652.8 | ||||||||||||||||
South Central | 5,702 | 1,474.8 | 4,937 | 1,267.3 | 3,857 | 986.3 | 3,469 | 886.2 | ||||||||||||||||
Southeast | 5,339 | 1,473.9 | 4,964 | 1,348.1 | 4,065 | 1,093.5 | 3,553 | 948.4 | ||||||||||||||||
East | 3,596 | 1,013.8 | 3,491 | 971.0 | 2,696 | 742.5 | 2,483 | 681.2 | ||||||||||||||||
North | 1,505 | 507.0 | 1,200 | 399.6 | 1,007 | 334.4 | 921 | 309.0 | ||||||||||||||||
20,248 | $ | 6,126.6 | 17,642 | $ | 5,207.6 | 14,539 | $ | 4,363.3 | 12,959 | $ | 3,863.3 | |||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2019 | 2019 | 2019 | 2018 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 1,123 | $ | 493.7 | 1,090 | $ | 486.7 | 900 | $ | 396.6 | 765 | $ | 341.3 | ||||||||||||
Southwest | 2,277 | 892.0 | 2,042 | 795.8 | 1,804 | 722.0 | 1,455 | 590.0 | ||||||||||||||||
South Central | 4,183 | 1,073.0 | 4,317 | 1,107.9 | 3,687 | 932.8 | 3,241 | 819.3 | ||||||||||||||||
Southeast | 4,186 | 1,108.8 | 4,293 | 1,116.1 | 3,753 | 958.5 | 3,179 | 826.4 | ||||||||||||||||
East | 3,113 | 861.5 | 3,207 | 884.8 | 2,582 | 722.0 | 2,184 | 607.6 | ||||||||||||||||
North | 1,142 | 370.3 | 1,022 | 343.3 | 754 | 248.7 | 676 | 226.1 | ||||||||||||||||
16,024 | $ | 4,799.2 | 15,971 | $ | 4,734.6 | 13,480 | $ | 3,980.6 | 11,500 | $ | 3,410.7 | |||||||||||||
D.R. HORTON, INC. | ||||||||||||||||||||||||
SALES ORDER BACKLOG | ||||||||||||||||||||||||
As of | ||||||||||||||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2021 | 2021 | 2021 | 2020 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 954 | $ | 497.7 | 1,386 | $ | 714.7 | 1,648 | $ | 784.5 | 1,334 | $ | 616.7 | ||||||||||||
Southwest | 3,438 | 1,495.9 | 4,508 | 1,850.6 | 4,534 | 1,756.3 | 3,828 | 1,419.0 | ||||||||||||||||
South Central | 8,733 | 2,825.4 | 10,405 | 3,137.9 | 10,777 | 3,046.9 | 8,289 | 2,249.9 | ||||||||||||||||
Southeast | 7,319 | 2,534.7 | 9,126 | 2,980.3 | 10,269 | 3,156.9 | 7,594 | 2,231.8 | ||||||||||||||||
East | 4,217 | 1,469.4 | 4,620 | 1,500.9 | 5,845 | 1,838.9 | 5,038 | 1,542.2 | ||||||||||||||||
North | 1,560 | 640.0 | 2,164 | 837.7 | 2,772 | 1,029.9 | 2,404 | 875.1 | ||||||||||||||||
26,221 | $ | 9,463.1 | 32,209 | $ 11,022.2 | 35,845 | $ | 11,613.4 | 28,487 | $ | 8,934.8 | ||||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2020 | 2020 | 2020 | 2019 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 1,544 | $ | 693.1 | 1,627 | $ | 706.4 | 1,256 | $ | 553.7 | 756 | $ | 327.5 | ||||||||||||
Southwest | 3,742 | 1,341.3 | 2,976 | 1,087.1 | 2,438 | 940.3 | 1,722 | 699.4 | ||||||||||||||||
South Central | 7,213 | 1,904.9 | 6,741 | 1,765.0 | 5,543 | 1,459.5 | 3,652 | 967.9 | ||||||||||||||||
Southeast | 6,922 | 1,968.6 | 5,799 | 1,607.6 | 4,831 | 1,349.1 | 3,858 | 1,090.7 | ||||||||||||||||
East | 4,857 | 1,426.4 | 3,994 | 1,144.1 | 3,641 | 1,036.2 | 2,696 | 773.6 | ||||||||||||||||
North | 2,405 | 851.3 | 2,068 | 703.6 | 1,619 | 545.4 | 1,096 | 367.5 | ||||||||||||||||
26,683 | $ | 8,185.6 | 23,205 | $ | 7,013.8 | 19,328 | $ | 5,884.2 | 13,780 | $ | 4,226.6 | |||||||||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||
2019 | 2019 | 2019 | 2018 | |||||||||||||||||||||
Homes | Value | Homes | Value | Homes | Value | Homes | Value | |||||||||||||||||
Northwest | 694 | $ | 301.6 | 902 | $ | 386.2 | 936 | $ | 392.4 | 583 | $ | 248.1 | ||||||||||||
Southwest | 1,673 | 675.6 | 2,080 | 834.9 | 1,970 | 758.1 | 1,832 | 718.1 | ||||||||||||||||
South Central | 3,667 | 964.2 | 4,529 | 1,183.5 | 4,735 | 1,235.2 | 4,038 | 1,052.8 | ||||||||||||||||
Southeast | 3,740 | 1,051.3 | 4,286 | 1,172.5 | 4,308 | 1,155.7 | 3,334 | 886.7 | ||||||||||||||||
East | 2,643 | 748.7 | 3,207 | 898.3 | 3,511 | 978.6 | 2,757 | 793.4 | ||||||||||||||||
North | 1,196 | 398.8 | 1,503 | 495.0 | 1,430 | 477.7 | 1,021 | 337.1 | ||||||||||||||||
13,613 | $ | 4,140.1 | 16,507 | $ | 4,970.3 | 16,890 | $ | 4,997.7 | 13,565 | $ | 4,036.3 | |||||||||||||
D.R. HORTON, INC. | ||||||||||||||||||
LAND AND LOT POSITION | ||||||||||||||||||
September 30, | June 30, | As of | March 31, | December 31, | ||||||||||||||
2021 | 2021 | 2021 | 2020 | |||||||||||||||
Lots Controlled | Lots Controlled | Lots Controlled | Lots Controlled | |||||||||||||||
Through Land | Through Land | Through Land | Through Land | Total Land/Lots | ||||||||||||||
and Lot | Total Land/Lots | and Lot | Total Land/Lots | and Lot | Total Land/Lots | and Lot | ||||||||||||
Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | |||||||
Owned | Contracts (1) | Controlled | Owned | Contracts (1) | Controlled | Owned | Contracts (1) | Controlled | Owned | Contracts (1) | Controlled | |||||||
Northwest | 9,000 | 31,400 | 40,400 | 8,400 | 30,200 | 38,600 | 8,300 | 27,200 | 35,500 | 6,600 | 26,200 | 32,800 | ||||||
Southwest | 22,800 | 34,300 | 57,100 | 23,600 | 34,400 | 58,000 | 22,500 | 29,400 | 51,900 | 23,000 | 29,500 | 52,500 | ||||||
South Central | 42,800 | 79,000 | 121,800 | 43,300 | 82,100 | 125,400 | 42,100 | 87,700 | 129,800 | 40,800 | 73,600 | 114,400 | ||||||
Southeast | 26,700 | 125,500 | 152,200 | 25,800 | 124,500 | 150,300 | 26,800 | 110,500 | 137,300 | 29,400 | 97,000 | 126,400 | ||||||
East | 17,300 | 83,100 | 100,400 | 13,000 | 78,800 | 91,800 | 11,900 | 72,100 | 84,000 | 12,200 | 61,800 | 74,000 | ||||||
North | 9,200 | 49,200 | 58,400 | 9,800 | 43,200 | 53,000 | 9,900 | 38,300 | 48,200 | 10,000 | 30,600 | 40,600 | ||||||
127,800 | 402,500 | 530,300 | 123,900 | 393,200 | 517,100 | 121,500 | 365,200 | 486,700 | 122,000 | 318,700 | 440,700 | |||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||
2020 | 2020 | 2020 | 2019 | |||||||||||||||
Lots Controlled | Lots Controlled | Lots Controlled | Lots Controlled | |||||||||||||||
Through Land | Through Land | Through Land | Through Land | Total Land/Lots | ||||||||||||||
and Lot | Total Land/Lots | and Lot | Total Land/Lots | and Lot | Total Land/Lots | and Lot | ||||||||||||
Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | |||||||
Owned | Contracts (2) | Controlled | Owned | Contracts (2) | Controlled | Owned | Contracts (2) | Controlled | Owned | Contracts (2) | Controlled | |||||||
Northwest | 5,000 | 21,300 | 26,300 | 4,900 | 13,400 | 18,300 | 5,100 | 12,500 | 17,600 | 5,500 | 9,800 | 15,300 | ||||||
Southwest | 21,300 | 19,800 | 41,100 | 21,900 | 16,800 | 38,700 | 21,900 | 14,600 | 36,500 | 22,500 | 13,000 | 35,500 | ||||||
South Central | 35,400 | 57,400 | 92,800 | 38,000 | 48,100 | 86,100 | 37,400 | 50,800 | 88,200 | 38,600 | 50,100 | 88,700 | ||||||
Southeast | 29,100 | 84,700 | 113,800 | 30,100 | 72,700 | 102,800 | 33,200 | 69,700 | 102,900 | 34,300 | 65,500 | 99,800 | ||||||
East | 12,200 | 54,800 | 67,000 | 12,400 | 48,700 | 61,100 | 13,400 | 44,600 | 58,000 | 14,400 | 41,900 | 56,300 | ||||||
North | 9,600 | 26,300 | 35,900 | 7,900 | 20,600 | 28,500 | 7,700 | 18,400 | 26,100 | 8,100 | 15,300 | 23,400 | ||||||
112,600 | 264,300 | 376,900 | 115,200 | 220,300 | 335,500 | 118,700 | 210,600 | 329,300 | 123,400 | 195,600 | 319,000 | |||||||
September 30, | June 30, | March 31, | December 31, | |||||||||||||||
2019 | 2019 | 2019 | 2018 | |||||||||||||||
Lots Controlled | Lots Controlled | Lots Controlled | Lots Controlled | |||||||||||||||
Through Land | Through Land | Through Land | Through Land | Total Land/Lots | ||||||||||||||
and Lot | Total Land/Lots | and Lot | Total Land/Lots | and Lot | Total Land/Lots | and Lot | ||||||||||||
Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | Land/Lots | Purchase | Owned and | |||||||
Owned | Contracts (3) | Controlled | Owned | Contracts (3) | Controlled | Owned | Contracts (3) | Controlled | Owned | Contracts (3) | Controlled | |||||||
Northwest | 4,800 | 10,500 | 15,300 | 5,200 | 8,500 | 13,700 | 5,100 | 10,300 | 15,400 | 5,500 | 10,100 | 15,600 | ||||||
Southwest | 22,400 | 12,500 | 34,900 | 23,300 | 11,100 | 34,400 | 23,500 | 12,700 | 36,200 | 25,000 | 13,300 | 38,300 | ||||||
South Central | 36,300 | 47,800 | 84,100 | 36,800 | 46,200 | 83,000 | 38,300 | 47,000 | 85,300 | 40,100 | 44,100 | 84,200 | ||||||
Southeast | 34,600 | 63,800 | 98,400 | 31,300 | 68,100 | 99,400 | 32,500 | 75,800 | 108,300 | 34,500 | 69,300 | 103,800 | ||||||
East | 15,400 | 37,600 | 53,000 | 14,500 | 36,000 | 50,500 | 14,500 | 34,800 | 49,300 | 16,100 | 29,700 | 45,800 | ||||||
North | 7,900 | 13,700 | 21,600 | 7,400 | 14,600 | 22,000 | 7,000 | 14,900 | 21,900 | 7,300 | 14,400 | 21,700 | ||||||
121,400 | 185,900 | 307,300 | 118,500 | 184,500 | 303,000 | 120,900 | 195,500 | 316,400 | 128,500 | 180,900 | 309,400 |
(1) Lots controlled at September 30, 2021 included approximately 39,200 lots owned or controlled by Forestar, 21,000 of which our homebuilding divisions have under contract to purchase and 18,200 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at June 30, 2021 included approximately 39,400 lots owned or controlled by Forestar, 21,500 of which our homebuilding divisions have under contract to purchase and 17,900 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at March 31, 2021 included approximately 37,100 lots owned or controlled by Forestar, 20,400 of which our homebuilding divisions have under contract to purchase and 16,700 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at December 31, 2020 included approximately 34,900 lots owned or controlled by Forestar, 18,300 of which our homebuilding divisions have under contract to purchase and 16,600 of which our homebuilding divisions have a right of first offer to purchase.
(2) Lots controlled at September 30, 2020 included approximately 30,400 lots owned or controlled by Forestar, 14,000 of which our homebuilding divisions have under contract to purchase and 16,400 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at June 30, 2020 included approximately 29,600 lots owned or controlled by Forestar, 14,100 of which our homebuilding divisions have under contract to purchase and 15,500 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at March 31, 2020 included approximately 28,600 lots owned or controlled by Forestar, 14,200 of which our homebuilding divisions have under contract to purchase and 14,400 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at December 31, 2019 included approximately 25,600 lots owned or controlled by Forestar, 12,700 of which our homebuilding divisions have under contract to purchase and 12,900 of which our homebuilding divisions have a right of first offer to purchase.
(3) Lots controlled at September 30, 2019 included approximately 23,400 lots owned or controlled by Forestar, 12,800 of which our homebuilding divisions have under contract to purchase and 10,600 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at June 30, 2019 included approximately 24,100 lots owned or controlled by Forestar, 13,900 of which our homebuilding divisions have under contract to purchase and 10,200 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at March 31, 2019 included approximately 21,700 lots owned or controlled by Forestar, 12,100 of which our homebuilding divisions have under contract to purchase and 9,600 of which our homebuilding divisions have a right of first offer to purchase. Lots controlled at December 31, 2018 included approximately 18,800 lots owned or controlled by Forestar, 9,400 of which our homebuilding divisions have under contract to purchase and 9,400 of which our homebuilding divisions have a right of first offer to purchase.
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D.R. Horton Inc. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 14:54:12 UTC.