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Nov/14/2016 - 23:18:07

D.R. Horton, Inc. Introduces Freedom Homes for Affordable Active Adult Living

FORT WORTH, Texas--(BUSINESS WIRE)--D.R. Horton, Inc. (NYSE:DHI), America's Builder, today announced the

launch of Freedom Homes, its new brand focused on offering affordable

homes specifically for the active adult buyer. The Company will

initially offer homes under the Freedom brand in Florida, Texas and

Arizona. It expects to have Freedom Homes communities open in at least 8

markets by the end of fiscal 2016 and in approximately one-third of D.R.

Horton's 78 operating markets by the end of fiscal 2017.

Donald R. Horton, Chairman of the Board, said, "We are excited to offer

Freedom Homes as an affordable alternative for active adults seeking a

carefree low-maintenance lifestyle in an age-restricted community. We

strive to be the leading builder in each of our operating markets across

our broad geographic footprint, and the addition of Freedom Homes to our

diverse family of brands will allow us to continue to expand our

industry-leading market share."



D.R. Horton, Inc., America's Builder, has been the largest homebuilder

by volume in the United States for fourteen consecutive years. Founded

in 1978 in Fort Worth, Texas, D.R. Horton has operations in 78 markets

in 26 states across the United States and closed 38,638 homes in the

twelve-month period ended June 30, 2016. The Company is engaged in the

construction and sale of high-quality homes through its diverse brand

portfolio that includes D.R. Horton, Express Homes, Freedom Homes and

Emerald Homes with sales prices ranging from $100,000 to over

$1,000,000. 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 include that the Company will initially offer homes under

the Freedom brand in Florida, Texas and Arizona and that it

expects to have Freedom Homes communities open in at least 8 markets by

the end of fiscal 2016 and in approximately one-third of D.R. Horton's

78 operating markets by the end of fiscal 2017. The forward-looking

statements also include that we strive to be the leading builder in each

of our operating markets across our broad geographic footprint, and the

addition of Freedom Homes to our diverse family of brands will allow us

to continue to expand our industry-leading market share.

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: the cyclical nature of the homebuilding

industry and changes in economic, real estate and other conditions;

constriction of the credit markets, which could limit our ability to

access capital and affordable home builder increase our costs of capital; reductions in the

availability of mortgage financing and the liquidity provided by

government-sponsored enterprises, the effects of government programs, a

decrease in our ability to sell mortgage loans on attractive terms or an

increase in mortgage interest rates; the risks associated with our land

and lot inventory; home warranty and construction defect claims; supply

shortages and other risks of acquiring land, building materials and

skilled labor; reductions in the availability of performance bonds;

increases in the costs of owning a home; the impact of an inflationary,

deflationary or higher home improvement ideas interest rate environment; the effects of

governmental regulations and environmental matters on our homebuilding

operations; the effects of governmental regulations on our financial

services operations; our substantial debt and our ability to comply with

related debt covenants, restrictions and limitations; competitive

conditions within the homebuilding and financial services industries;

our ability to effect our growth strategies or acquisitions

successfully; the effects of the loss of key personnel; the effects of

negative publicity; and information technology failures and data

security breaches. 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 and our most recent quarterly report on Form 10-Q,

both of which are filed with the Securities and Exchange Commission.

http://www.businesswire.com/news/home/20160726005525/en/D.R.-Horton-Introduces-Freedom-Homes-Affordable-Active

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