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Forestar is the Only Residential Community Developer on Newsweek’s America’s Most Trusted Companies 2022 List

Jul 14, 2022

Arlington, TX – Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced today that it is the only residential community developer included in Newsweek’s inaugural list of America’s Most Trusted Companies 2022. This prestigious recognition was presented by Newsweek, which partnered with Statista Inc., the world-leading statistics portal and industry ranking provider. Forestar is listed in the real estate and housing industry.

Chairman of the Board Donald J. Tomnitz explains why trust is critical to the organization. “Landowners, future homeowners and municipalities rely on us to develop quality communities people are proud to call home,” he said. “Additionally, as a publicly traded company, we’re held accountable by shareholders who choose to invest in Forestar.”

CEO Daniel Bartok credits employees for the recognition. He said, “Forestar was established in 1954. Throughout the years, we became one of the nation’s largest developers of residential communities by consistently hiring hardworking people with integrity.”

Newsweek’s America's Most Trusted Companies 2022 were identified in an independent survey based on a vast sample of approximately 50,000 U.S. residents. All publicly traded companies headquartered in the United States with revenue over $500 million in 2020 were considered in the study. Respondents were asked about companies they knew across 22 different industries. They answered questions about how organizations treated customers and employees, and if they were viewed as good long-term investments. More than 400 companies were recognized.

About Forestar Group Inc.

Forestar Group Inc. is a residential lot development company with operations in 53 markets and 23 states. Based in Arlington, Texas, the Company delivered more than 19,000 residential lots during the twelve-month period ended March 31, 2022. Forestar is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002.

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