DHI · Earnings call · 2026Q3T · Full report

Community Count and Absorptions

HORTON D R INC /DE/ · 2026-10-29 · Importance 25 · Surprise 32

Management said the company’s community count remained significantly higher, allowing its fiscal 2027 plan to accommodate slightly lower absorptions than in fiscal 2026. It said recent years’ plans had been reduced when market conditions did not support returns, while the company could increase volume if demand recovered. Management expects to adjust activity as market conditions change.

Key facts

• D.R. Horton’s fiscal 2027 guide can accommodate slightly lower absorptions than fiscal 2026 because community count is significantly higher.
• D.R. Horton's average active selling community count increased 2% sequentially and 10% year over year in the fourth quarter.