D.R. Horton, Inc., America's Builder, Declares Quarterly Cash Dividend, a 50% Increase

July 25, 2005

FORT WORTH, Texas, July 25 /PRNewswire-FirstCall/ -- D.R. Horton, Inc., America's Builder, (NYSE: DHI) Monday (July 25, 2005) announced that it has declared a cash dividend of nine cents ($0.09) per share. The current dividend represents a 50% increase over the $0.06 per share quarterly cash dividend declared in the same quarter of last year, as adjusted for the four- for-three stock split of March 16, 2005. The dividend is payable on August 19, 2005 to stockholders of record on August 5, 2005.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO )

D.R. Horton, Inc., America's Builder, is the largest homebuilder in the United States, delivering more than 43,000 homes in its fiscal year ended September 30, 2004. Founded in 1978 in Fort Worth, Texas, D.R. Horton has expanded its presence to include 71 markets in 23 states in the Midwest, Mid- Atlantic, Southeast, Southwest and Western regions of the United States. The Company is engaged in the construction and sale of high quality homes with sales prices ranging from $80,000 to over $900,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.


SOURCE D.R. Horton, Inc.
CONTACT: Stacey Dwyer, EVP of D.R. Horton, Inc., +1-817-390-8200
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PRN Photo Desk, photodesk@prnewswire.com
/Web site: http://www.drhorton.com
CO: D.R. Horton, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding D.R. Horton's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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