Exhibit 12.1

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

	Six Months
	Ended			For the fiscal year ended September 30,
	March 31, 2006			2005			2004			2003			2002			2001
				($ in millions)
Consolidated pretax income before cumulative effect of change in accounting principle	$	1,069.2		$	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		(0.1	)		(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		104.4			225.0			249.1			219.4			136.1			91.4
Interest expensed		39.1			33.9			17.5			19.5			17.8			17.7
Earnings	$	1,212.6		$	2,637.2		$	1,854.0		$	1,255.6		$	803.2		$	516.9
Interest incurred	$	189.7		$	306.8		$	250.9		$	253.8		$	210.6		$	139.9
Fixed charges	$	189.7		$	306.8		$	250.9		$	253.8		$	210.6		$	139.9
Ratio of earnings to fixed charges		6.39			8.60			7.39			4.95			3.81			3.69