Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020.[1] The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc.,[2] the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency.[3]
Overview
The company manages all operations through its real estate segment.
The majority of Forestar's real estate projects are single-family residential communities. The Company develops lots for single-family homes on sites typically purchased in the open market and sells residential lots primarily to local, regional and national homebuilders.[4]