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D.R. Horton Highlights the Role of 3rd Party Land Developers Like Carpathian Capital in their Pipeline

D.R. Horton’s (the largest home builder in America) results today beat all market estimates as homebuilding revenue grew by 13% to $8.5 billion, and the number of homes closed increased by 15%.

On the earning call, the Horton team highlighted that 62% of the homes closed during the quarter were on lots developed by 3rd parties and that they are continually looking to expand relationships with land developers to buy more lots from third parties.

Carpathian Capital Management currently has two land development projects underway in Florida, with an operating partner, where DR Horton is the end buyer of the developed lots.

Source: D.R. Horton, Inc. (DHI) Q2 2024 Earnings Call Transcript

Ian Colville – CEO

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