Exhibit 12.1

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

	For the fiscal year ended September 30,
	2006		2005			2004			2003			2002
	($ in millions)
Consolidated pretax income before cumulative effect of change in accounting principle	$	1,987.1	$	2,378.6		$	1,582.9		$	1,008.2		$	647.5
Minority interests in pretax income of subsidiaries which have incurred fixed charges		2.6		—			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		237.1		225.0			249.1			219.4			136.1
Interest expensed		72.1		33.9			17.5			19.5			17.8
Earnings	$	2,298.9	$	2,637.2		$	1,854.0		$	1,255.6		$	803.2
Interest incurred	$	397.5	$	306.8		$	250.9		$	253.8		$	210.6
Fixed charges	$	397.5	$	306.8		$	250.9		$	253.8		$	210.6
Ratio of earnings to fixed charges		5.78		8.60			7.39			4.95			3.81