FORT WORTH, Texas, Jan. 10 /PRNewswire-FirstCall/ -- D.R. Horton, Inc.
(NYSE: DHI), America's Builder, the largest homebuilder in the United States,
Tuesday (January 10, 2006) reported record first quarter net sales orders.
Net sales orders for the quarter ended December 31, 2005 increased 19% to
$3.2 billion (11,463 homes) compared to $2.7 billion (9,901 homes) for the
same quarter of fiscal year 2005.
Donald R. Horton, Chairman of the Board, said, "We are extremely pleased
that each of our regions reported net sales increases in both units and sales
dollars for the quarter. Our continued sales momentum and record first
quarter backlog position the Company for another record year in fiscal 2006."
D.R. Horton, Inc., America's Builder, is the largest homebuilder in the
United States, delivering more than 51,000 homes in its fiscal year ended
September 30, 2005. Founded in 1978 in Fort Worth, Texas, D.R. Horton has
expanded its presence to include 74 markets in 25 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 $90,000 to over $900,000. D.R. Horton also provides
mortgage financing and title services for homebuyers through its mortgage and
title subsidiaries.
Portions of this document may constitute "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of 1995. Although
D.R. Horton believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially different.
All forward-looking statements are based upon information available to D.R.
Horton on the date this release was issued. D.R. Horton does not undertake
any obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. Forward-
looking statements in this release relate to the Company's sales momentum and
strong backlog positioning the Company for another record year in fiscal 2006.
Factors that may cause the actual results to be materially different from the
future results expressed by the forward-looking statements include, but are
not limited to: changes in general economic, real estate and other conditions;
changes in interest rates, the availability of mortgage financing or increases
in the costs of owning a home; governmental regulations and environmental
matters; our substantial debt; competitive conditions within the industry; the
availability of capital to the Company on favorable terms; the Company's
ability to effect its growth strategies successfully; and warranty and product
liability claims. Additional information about issues that could lead to
material changes in performance is contained in D.R. Horton's annual report on
Form 10-K, which is filed with the Securities and Exchange Commission.
NET SALES ORDERS
Quarter Ended December 31,
2004 2005
Homes $ Homes $
Mid-Atlantic 1,037 $276.9 1,111 $289.5
Midwest 429 124.8 558 156.4
Southeast 1,759 410.6 1,820 479.5
Southwest 3,938 738.8 4,783 1,014.3
West 2,738 1,104.6 3,191 1,227.1
Total 9,901 $2,655.7 11,463 $3,166.8
SOURCE D.R. Horton, Inc.
CONTACT:
Bill Wheat, CFO of D.R. Horton, Inc., +1-817-390-8200
Web site:
http://www.drhorton.com
