D.R. Horton boosts Iowa homebuilding business by acquiring Classic Builders

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D.R. Horton is set to grow its homebuilding business in the state of Iowa, as the homebuilder announced Tuesday that it acquired Classic Builders, one of the largest homebuilders in Des Moines. According to D.R. Horton, it expects to pay approximately $60 million in cash for Classic Builders and its homebuilding assets.