FORT WORTH, Texas, Nov. 29 /PRNewswire-FirstCall/ -- D.R. Horton, Inc.
(NYSE: DHI), America's Builder, Tuesday (November 29, 2005), announced today
that its Board of Directors has increased the Company's authorization to
repurchase up to $500 million of its common stock. This program replaces the
previous stock repurchase authorization.
Donald R. Horton, Chairman of the Board, said, "The Board's increased
authorization is based on the strength in our operations, which is reflected
in our fourth quarter and fiscal year industry-record earnings reported on
November 16, 2005."
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.
SOURCE D.R. Horton, Inc.
CONTACT:
Stacey H. Dwyer, EVP of D.R. Horton, Inc., +1-817-390-8200
Web site: http://www.drhorton.com
