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                            March 17, 2022

       Bill W. Wheat
       Executive Vice President and Chief Financial Officer
       D. R. Horton, Inc.
       1341 Horton Circle
       Arlington, TX 76011

                                                        Re: D. R. Horton, Inc.
                                                            Form 10-K for the
Fiscal Year Ended September 30, 2021
                                                            Filed November 18,
2021
                                                            File No. 001-14122

       Dear Mr. Wheat:

               We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comment. In our comment, we may ask
you to provide us
       with information so we may better understand your disclosure.

              Please respond to the comment within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comment applies to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to the comment, we may have additional comments.

       Form 10-K for the Fiscal Year Ended September 30, 2021

       Item 8. Financial Statements and Supplementary Data
       Notes to Consolidated Financial Statements
       Note A - Summary of Significant Accounting Policies
       Reclassifications, page 69

   1.                                                   We note you changed
your presentation of cash flows for the single and multi-family
                                                        rental operations from
investing activities to operating activities in your consolidated
                                                        statements of cash
flows beginning in the third quarter of your fiscal year
                                                        ended September 30,
2021. Please address the following:
                                                            Please tell us how
you determined that such activities are now deemed to be
                                                             operating
activities. Please refer to ASC 230-10-45 in your response.
                                                            Please tell us how
you determined that such activities were previously deemed to be
                                                             investing
activities. Please refer to ASC 230-10-45 in your response.
                                                            Please tell us how
you determined it was appropriate to change your cash flow
 Bill W. Wheat
D. R. Horton, Inc.
March 17, 2022
Page 2
              statement presentation on a prospective basis. Within your
response, please reference
              the authoritative accounting literature management relied upon.

       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       You may contact Frank Knapp, Staff Accountant at (202) 551-3805 or
Jennifer Monick,
Assistant Chief Accountant at (202) 551-3295 with any questions.



FirstName LastNameBill W. Wheat                               Sincerely,
Comapany NameD. R. Horton, Inc.
                                                              Division of
Corporation Finance
March 17, 2022 Page 2                                         Office of Real
Estate & Construction
FirstName LastName