Donald R. Horton, chairman of the board, commented: “We are excited for the Truland team to join the D.R. Horton family. Their quality building operations and strong presence across the Gulf Coast make Truland a great addition to D.R. Horton’s already strong local market operations.”
“Leading Truland Homes over the last 13 years has been the most rewarding experience of my professional career,” Truland Homes founder Nathan Cox said in a press release. “The amazing team members that took us from our first home to over a billion dollars in total sales are the ones that deserve all the credit. No matter what, they always came through. In conjunction with growing Truland Homes over the last decade-plus, D.R. Horton has afforded us the honor and privilege of becoming the largest lot supplier within their Gulf Coast region. We look forward to continuing as a key lot development partner for D.R. Horton.”
Read next: US homebuilder sentiment increases to near one-year high
Builder confidence in the market for single-family houses continued to improve as builders boosted production to meet unmet demand, according to the National Association of Home Builders. Mirroring builder sentiment, The Census Bureau reported a 21.7% spike in single-family housing starts, which rose to a seasonally adjusted annual rate of 1.63 million units.
“Builders are feeling cautiously optimistic about market conditions given low levels of existing home inventory and ongoing gradual improvements for supply chains,” said NAHB chairman Alicia Huey. “However, access for builder and developer loans has become more difficult to obtain over the last year, which will ultimately result in lower lot supplies as the industry tries to expand off cycle lows.”
