Exhibit 12.1

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

	For the fiscal year ended September 30,
	2005			2004			2003			2002			2001
	($ in millions)
Consolidated pretax income before cumulative effect of change in accounting principle	$	2,378.6		$	1,582.9		$	1,008.2		$	647.5		$	407.8
Minority interests in pretax income of subsidiaries which have incurred fixed charges		—			4.8			8.8			1.3			—
Minority interests in pretax losses of majority owned subsidiaries which have incurred losses		(0.3	)		(0.3	)		(0.9	)		(0.2	)		—
Distributed income of 50%-or-less-owned affiliates, net of equity income or loss		—			—			0.6			0.7			—
Amortization of capitalized interest		225.0			249.1			219.4			136.1			91.4
Interest expensed		33.9			17.5			19.5			17.8			17.7
Earnings	$	2,637.2		$	1,854.0		$	1,255.6		$	803.2		$	516.9
Interest incurred	$	306.8		$	250.9		$	253.8		$	210.6		$	139.9
Fixed charges	$	306.8		$	250.9		$	253.8		$	210.6		$	139.9
Ratio of earnings to fixed charges		8.60			7.39			4.95			3.81			3.69