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

FORT WORTH, Texas–(BUSINESS WIRE)–#activeadult–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 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 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.

Contacts

D.R. Horton, Inc.
Jessica Hansen, 817-390-8200
Vice President
of Investor Relations
InvestorRelations@drhorton.com