Home » NEWS » D.R. Horton buys Breland Homes for undisclosed sum

D.R. Horton buys Breland Homes for undisclosed sum

MISSISSIPPI GULF COAST — Fort Worth, Texas-based D.R. Horton Inc., America’s Builder, has acquired the homebuilding operations of Breland Homes, which operates in Huntsville, Mobile and Baldwin County in Alabama and along the Mississippi Gulf Coast.

Terms were not disclosed.

The homebuilding operating assets included approximately 320 homes in inventory and 1,020 finished lots. D.R. Horton will also control an additional 3,700 lots through option contracts. In calendar 2011, D.R. Horton reports Breland closed 684 homes ($130 million in revenue), and was ranked as the 38th largest builder in the United States by Builder Magazine. Breland’s average home size is approximately 2,200 square feet with an average sales price of $200,000.

Louis Breland, founder of Breland Homes, said, “We are proud of the reputation that we have built for Breland Homes over the past 30 years, and we are delighted to become a part of D.R. Horton. Our operations will solidify D.R. Horton’s position as the largest builder in Mobile and Baldwin County and establish leading market share for D.R. Horton in Huntsville and coastal Mississippi, as well.”

According to D.R. Horton, it is the largest homebuilder in the United States, based on its 18,302 homes closed in the 12-month period ended June 30, 2012. Founded in 1978 in Fort Worth, D.R. Horton has operations in 75 markets in 26 states in the East, Midwest, Southeast, South Central, Southwest and West regions of the United States.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply

Your email address will not be published. Required fields are marked *

*