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Nation's largest homebuilder paid $31.4M for Peoria land in state auction bid

Angela Gonzales
American City Business Journals
Nation's largest homebuilder paid $31.4M for Peoria land in state auction bid

D.R. Horton Inc. was the sole bidder in a state land trust auction on July 17, paying $31.4 million for 125 acres in Peoria. D.R. Horton (NYSE: DHI), which is based in Arlington, Texas, is the nation's largest volume homebuilder. Company officials told Phoenix Business Journal they are in the process of gathering information to provide more details on the types of homes to be built, to determine whether they will be single-family detached units or some type of multifamily project.