Arlington Welcomes Homebuilder D.R. Horton to NYSE Texas

Categories: Texas Business NewsTexas News

D.R. Horton Development in Arlington

News Summary

D.R. Horton Inc. has joined NYSE Texas as part of the state’s move towards its own stock exchange. This marks a significant development for homebuyers and the housing market in Arlington. The company, known as ‘America’s Builder’, has appointed new directors to strengthen its leadership while facing challenges such as rising home prices and regulatory hurdles in construction. The real estate landscape is changing rapidly, with increasing material costs and a demand for larger homes impacting availability and pricing in the community.

Arlington Welcomes Homebuilder D.R. Horton to NYSE Texas

Have you heard the exciting news from Arlington? The homebuilding giant D.R. Horton Inc. has officially joined NYSE Texas. This move is part of a larger trend as Texas prepares for the anticipated launch of its very own stock exchange set for 2025. What does this mean for Arlington and homebuyers across the U.S.? Buckle up, because it’s a wild ride through the housing market!

Growing Stronger with New Leadership

D.R. Horton, famously known as America’s Builder, is bringing fresh faces to its board to help steer the ship through tough waters. They’ve recently appointed three new independent directors: Barbara R. Smith, M. Chad Crow, and Elaine D. Crowley. These changes are aimed at strengthening the board’s makeup and reinforcing D.R. Horton’s commitment to providing family homes across the nation.

The Marvelous Track Record

You might be wondering, what makes D.R. Horton such a big deal? Well, they have been the largest homebuilder by volume in the United States since 2002. With a generous history that boasts over 1.1 million homes closed in just 45 years, it’s clear that they know a thing or two about building houses that families love. Operating in 121 markets across 33 states, their reach is impressive, to say the least!

Price Hikes and Regulatory Rumbles

$700,000 in 2011 to an eye-watering $1.4 million in 2024. That’s no small feat!

Unfortunately, this price surge is not without its challenges. Builders are faced with a slew of regulatory hurdles that complicate the home construction process. Since 2014, Arlington has implemented new stormwater management rules. These requirements mean that for construction projects exceeding certain thresholds, builders must include additional on-site water management features, racking up an extra $100,000 to the cost of new homes.

Lengthy Permitting Process and Increased Costs

100 pages of paperwork and may also consume up to six months of time! On top of that, construction permitting fees have spiraled, increasing by 30% each of the past two years.