DHI · Earnings call · 2026Q3T · Full report

Competition and Market Share

HORTON D R INC /DE/ · 2026-10-29 · Importance 34 · Surprise 42

Management said it is seeing more opportunities to talk with private builders about their businesses, with some discussions resulting in D.R. Horton acquiring homebuilding operations while sellers become lot developers. The company expects weaker market conditions to create opportunities to consolidate share, even with fiscal 2027 closings expected to be flat to down. Forestar’s national lot-development platform and supply position were described as supporting its ability to continue gaining market share in the homebuilding industry.

Key facts

• D.R. Horton expects to continue consolidating market share in fiscal 2027 despite guiding for flat-to-down home closings.
• D.R. Horton said weaker market conditions generally provide a better opportunity to consolidate share.
• D.R. Horton achieved its 25th consecutive year as America’s largest builder by volume in fiscal 2026.
• D.R. Horton completed its 25th consecutive year as America's largest builder by volume in fiscal 2026.