The Clifton II Plan

D.R. Horton is a publicly traded residential homebuilding company engaged in the development, construction, and sale of single-family homes, townhomes, and related residential products across the United States. The company was founded in 1978 and has grown into one of the largest homebuilders in the country, operating through a network of regional and divisional offices that support localized land acquisition, construction, and sales activities. D.R. Horton’s operations span multiple housing segments, including entry-level, move-up, luxury, and active adult communities, allowing the company to address a broad range of buyer profiles. The company conducts its business through wholly owned subsidiaries and regional divisions that manage land development, vertical construction, and home sales within defined geographic markets. D.R. Horton also operates affiliated mortgage, title, and insurance services that support its residential transactions. Since 2002, D.R. Horton has consistently ranked as the largest homebuilder in the United States by homes closed. The company is publicly listed on the New York Stock Exchange under the ticker symbol DHI and continues to expand its presence in high-growth housing markets nationwide through controlled land positions and phased community development.