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.