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D.R.HORTON America's Builder D.R. HORTON , INC . , AMERICA'S BUILDER , REPORTS FISCAL 2021 FIRST QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND OF $ 0.20 PER SHARE ARLINGTON , Texas ( Business Wire ) - January 26 , 2021 Fiscal 2021 First Quarter Highlights - comparisons to the prior year quarter Net income attributable to D.R. Horton increased 84 % to $ 791.8 million or $ 2.14 per diluted share Consolidated revenues increased 48 % to $ 5.9 billion Consolidated pre - tax income increased 98 % to $ 1.0 billion Consolidated pre - tax profit margin improved 440 basis points to 17.4 % Homes closed increased 45 % to 18,739 homes and 48 % in value to $ 5.7 billion Net sales orders increased 56 % to 20,418 homes and 62 % in value to $ 6.4 billion ● ● D.R. Horton , Inc. ( NYSE : DHI ) , America's Builder , today reported that net income per common share attributable to D.R. Horton for its first fiscal quarter ended December 31 , 2020 increased 84 % to $ 2.14 per diluted share compared to $ 1.16 per diluted share in the same quarter of fiscal 2020. Net income attributable to D.R. Horton in the first quarter of fiscal 2021 increased 84 % to $ 791.8 million compared to $ 431.3 million in the same quarter of fiscal 2020. The prior year period results included an income tax benefit of $ 29.3 million related to federal energy efficient homes tax credits that were retroactively reinstated in early fiscal 2020 . Homebuilding revenue for the first quarter of fiscal 2021 increased 47 % to $ 5.7 billion from $ 3.9 billion in the same quarter of fiscal 2020. Homes closed in the quarter increased 45 % to 18,739 homes compared to 12,959 homes closed in the same quarter of fiscal 2020 . Net sales orders for the first quarter ended December 31 , 2020 increased 56 % to 20,418 homes and 62 % in value to $ 6.4 billion compared to 13,126 homes and $ 3.9 billion in the same quarter of the prior year . The Company's cancellation rate ( cancelled sales orders divided by gross sales orders ) for the first quarter of fiscal 2021 was 18 % compared to 20 % in the prior year quarter . The Company's sales order backlog of homes under contract at December 31 , 2020 increased 107 % to 28,487 homes and 111 % in value to $ 8.9 billion compared to 13,780 homes and $ 4.2 billion at December 31 , 2019 . At December 31 , 2020 , the Company had 42,100 homes in inventory , of which 16,300 were unsold . 1,600 of the Company's unsold homes at December 31 , 2020 were completed . The Company's homebuilding land and lot portfolio totaled 440,700 lots at the end of the quarter , of which 28 % were owned and 72 % were controlled through land purchase contracts .