Construction workers build the frame of a new home in a D.R. Horton community in Crandall in 2025.
Juan Figueroa/Staff Photographer
Arlington-based homebuilder D.R. Horton said Monday that there were some economic headwinds in the market, but tariffs weren’t expected to have an impact on the company.
D.R. Horton, the largest homebuilder in Dallas-Fort Worth as of 2025, held a quarterly earnings call on Monday. Chief operating officer Michael Murray said containing costs is an ongoing battle and that there are some economic headwinds, like higher fuel cost increases, but new tariffs wouldn’t have a significant effect.
“I don’t believe the recently announced Canadian tariff changes are going to have a material impact on D.R. Horton and our footprint,” Murray said.
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President Donald Trump imposed 50% tariffs on most Canadian goods on Monday, which will take effect in late August. The U.S. had been maintaining tariffs on various items including a 35% tariff on Canadian softwood lumber.
Canada accounts for roughly 85% of all U.S. softwood lumber imports, a key component in home building, according to the National Association of Home Builders. U.S. tariffs and potential retaliatory tariffs could further change the price of lumber.
D.R. Horton is projecting 2026 revenue ranging from $32.5 billion to $33 billion, about a $1 billion to $1.5 billion decrease from last quarter’s estimates. The company reported revenue of $9.2 billion for the quarter and said that sales were relatively in line with normal seasonality.
D.R. Horton had an average closing home price of $363,600 for the quarter, according to the report. The company had 38,000 homes in inventory at the end of the quarter, 23,300 of which were unsold.
“We recognize the current volatility and uncertainty in the broader economy, and we will remain agile and disciplined as we focus on enhancing the long-term value of D.R. Horton,” said CEO Paul Romanowski.
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Mixed-income apartments in North Dallas
Cypress Creek Montfort Drive will include 168 apartments. Of those apartments, 116 will be income-restricted for residents earning between 30% and 80% of the area median income.
Jasmine Anwer
Developers Sycamore Development and Bonner Carrington announced the opening of a community of mixed-income apartments in North Dallas last week.
Cypress Creek Montfort Drive, at 14119 Montfort Drive, will include 168 apartments. Of those apartments, 116 will be income-restricted for residents earning between 30% and 80% of the area median income, according to a news release. The remaining 52 apartments will be offered at market rate. The Dallas-area median income is $121,100, according to the Dallas Housing Authority.
Funding for the apartment development near the Galleria Dallas shopping mall was supported by several federal and local programs, according to the news release.
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Bonner Carrington is an Austin-based company that has developed apartment buildings across Texas, including other mixed-income apartment buildings called Cypress Creek. Meanwhile, Sycamore Development is a Dallas-based firm that redeveloped the Cabana, a former hotel, into an apartment building and is engaged in projects that would transform sites such as the Magnolia Hotel.
Affordable housing is an investment in the future of North Dallas, said Sycamore Development principal Zachary Krochtengel in the news release.
“By providing attainable homes for residents of all income levels, we foster a stronger workforce, support local businesses and create inclusive communities where families can thrive for generations,” Krochtengel said.
Land adjacent to Stockyards for sale
A 3.25-acre site adjacent to the Fort Worth Stockyards is for sale.
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The property at 319 N.E. 23rd St. is just south of the stockyards and sits between Joe T. Garcia’s and Hotel Drover. Fort Worth-based Campana Realty is marketing the property. Airgas, a leading U.S. supplier of industrial, medical and specialty gases, owns the parcel.
The site has flexible zoning and is being marketed for high-density restaurant and retail, hospitality, office or mixed-use development. The maximum building height currently allowed is 120 feet.