D.R. Horton buys in Sahuarita

Real Estate Daily News

By Karen Schutte | Real Estate Daily News

SAHUARITA, ARIZONA — D.R. Horton, Inc. (NYSE:DHI) purchased 20 finished SFR lots as part of a new rolling option from Tucson Land, LLC at Santa Cruz Meadows in Sahuarita. The sale closed on April 10.

D.R. Horton paid $1,287,000 ($64,350 per lot) for a mixture of 7,000-square-foot production lots and half-acre lots combined. The builder intends to continue building in this Santa Cruz Meadows subdivision where it has already been building for several years under another rolling option agreement.

D.R. Horton homes closed in the second quarter of fiscal 2020, ending March 3st, increased 8% to 14,539 homes compared to 13,480 homes in the same quarter of fiscal 2019. Home sales revenue for the quarter increased 10% to $4.4 billion from $4.0 billion in the same quarter of fiscal 2019. Homes closed in March 2020 increased 6% to 6,677 homes compared to 6,272 homes in March 2019. Homes closed in the first six months of fiscal 2020 increased 10% to 27,498 homes compared to 24,980 homes closed in the same period of fiscal 2019.

READ ON:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
April 2020
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930