Filed pursuant to Rule 433 under the Securities Act of 1933

Issuer Free Writing Prospectus, dated September 29, 2020

Supplementing the Preliminary Prospectus Supplement, dated September 29, 2020

Registration No. 333-226644

D.R. Horton, Inc.

$500,000,000 1.400% Senior Notes due 2027

Pricing Supplement

The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement.

Issuer	D.R. Horton, Inc.
Title of Securities	1.400% Senior Notes due 2027
Expected Ratings*	Moody’s: Baa2 (stable) S&P: BBB (stable) Fitch: BBB (stable)
Aggregate Principal Amount	$500,000,000
Maturity Date	October 15, 2027
Coupon	1.400%
Public Offering Price	99.713% of the principal amount
Benchmark Treasury	0.375% US Treasury due September 30, 2027
Benchmark Treasury Price / Yield	99-17 / 0.443%
Spread to Benchmark Treasury	T+100 basis points
Yield to Maturity	1.443%
Interest Payment Dates	April 15 and October 15 of each year, beginning on April 15, 2021
Record Dates	April 1 and October 1 of each year
Optional Redemption	Make-whole call at T+15 basis points prior to August 15, 2027; 100% of principal amount on or after August 15, 2027, in either case, plus accrued and unpaid interest on the principal amount of the notes being redeemed.
Change of Control Triggering Event	101% of principal plus accrued and unpaid interest
Underwriting Discount	0.625%
Trade Date	September 29, 2020
Settlement Date	October 2, 2020 (T+3). It is expected that delivery of the notes will be made to investors on or October 2, 2020, which will be the third business day following the date of this prospectus (such settlement being referred to as “T+3”). Under Rule 15c6-1 of the Exchange Act as currently in effect, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to two business days before the notes are delivered will be required, by virtue of the fact that the notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade such notes prior to their date of delivery hereunder should consult their advisors.

CUSIP/ISIN Numbers	CUSIP: 23331A BP3	ISIN: US23331ABP30
Denominations/Multiple	$2,000 / $1,000
Joint Book-Running Managers	J.P. Morgan Securities LLC Mizuho Securities USA LLC U.S. Bancorp Investments, Inc. Citigroup Global Markets Inc. Wells Fargo Securities, LLC BofA Securities, Inc. PNC Capital Markets LLC TD Securities (USA) LLC Truist Securities, Inc.
Co-Managers	BNP Paribas Securities Corp. Citizens Capital Markets, Inc. Comerica Securities, Inc. Regions Securities LLC Samuel A. Ramirez & Company, Inc. WoodRock Securities, L.P.
Additional Disclosure under “Underwriting – Other Relationships”	One of the underwriters, Truist Securities, Inc., is an affiliate of the trustee for the notes, Truist Bank.

* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time and each rating should be evaluated independently of any other rating.

The issuer has filed a registration statement (including a prospectus and a related prospectus supplement) with the United States Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents D.R. Horton, Inc. has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by calling any of the representatives of the underwriters:

J.P. Morgan Securities LLC	212-834-4533 (collect)
Mizuho Securities USA LLC	866-271-7403 (toll free)
U.S. Bancorp Investments, Inc.	877-558-2607 (toll free)

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