Donald R. Horton, the founder of D.R. Horton, Inc., whose corporate headquarters are in Arlington, Texas, has reportedly died at the age of 74.
The company announced in a press release that David V. Auld, who served as the executive vice chairman, has taken over as executive chairman.
“It is with great sadness that I announce the passing of my friend and our Company’s iconic founder and Chairman, Don (“DR”) Horton. Throughout the Company’s 46-year existence, he worked tirelessly to build a national homebuilding operation with a strong company culture, and the impact of his personal involvement with our team of operators across the United States has contributed immeasurable value to our company and people,” Auld stated in the press release.
D.R. Horton, Inc., known as America’s Builder, has been the largest homebuilder in the United States by volume since 2002. Throughout its 45-year existence, the company has sold more than 1,000,000 homes, creating a lasting legacy in the industry.
D.R. Horton operates as a leading home construction firm with a strong foothold in 119 markets spanning 33 states within the United States. The company is recognized for its dedication to constructing and marketing properties that generally range in price from $200,000 to $1,000,000, appealing to a broad spectrum of potential buyers.
The press release stated that “Don, age 74, has served as Chairman of D.R. Horton, Inc. since it was formed in July 1991, and held the roles of President and CEO from July 1991 until November 1998. He was involved in the real estate and homebuilding industries since 1972, and was the founder, sole or principal stockholder, director and president of each of D.R. Horton’s predecessor companies, which date from 1978 to 1990.”