D.R. Horton is a homebuilder targeting the entry-level and move-up buyer across 27 states and 78 metropolitan markets of the U.S. The company, headquartered in Fort Worth, Texas, mostly builds detached homes (90% of home sale revenue), as well as attached homes such as duplexes, townhomes, and condos. Homes without orders in place ("specs") account for approximately half of its built homes. D.R. Horton also offers mortgage financing and title agency services to its homebuyers through a wholly owned subsidiary.