EXHIBIT 23.4

                       [Letterhead of Arthur Andersen LLP]



                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

   
As independent  public  accountants,  we hereby consent to the  incorporation by
reference in this  Amendment  No. 1 to  Registration  Statement on Form S-3, No.
333-57193, of our reports  incorporated  by reference in D.R. Horton Inc.'s Form
8-K,  dated June 5, 1998,  and to all  references  to our firm  included in this
Registration Statement.
    

/s/ Arthur Andersen LLP

   
Phoenix, Arizona
June 25, 1998