Exhibit 12.1

D.R. HORTON, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

													For the nine months
	For the fiscal years ended September 30,												ended June 30,
	1999		2000		2001		2002			2003			2004
Consolidated pretax income before cumulative effect of change in accounting principle	$	263,826	$	309,224	$	407,797	$	647,507		$	1,008,162		$	1,017,019
Minority interests in pretax income of subsidiaries which have incurred fixed charges		—		—		—		1,283			8,779			4,797
Minority interests in pretax losses of majority owned subsidiaries which have incurred losses								(159	)		(911	)		(67	)
Distributed income of 50%-or-less-owned affiliates, net of equity income or loss		—		—		—		668			605			—
Amortization of capitalized interest		58,153		69,566		91,401		136,142			219,424			173,092
Interest expensed		18,565		18,680		17,695		17,789			19,507			13,338
Earnings	$	340,544	$	397,470	$	516,893	$	803,230		$	1,255,566		$	1,208,179
Interest incurred	$	83,090	$	112,813	$	139,914	$	210,557		$	253,795		$	187,739
Fixed charges	$	83,090	$	112,813	$	139,914	$	210,557		$	253,795		$	187,739
Ratio of earnings to fixed charges		4.10		3.52		3.69		3.81			4.95			6.44