D.R. Horton to Open Cannon Ridge Community in Dundas, Minnesota in Fall 2026

D.R. Horton to Open Cannon Ridge Community in Dundas, Minnesota in Fall 2026

Homebuilding giant D.R. Horton has unveiled plans for Cannon Ridge, a new residential community slated to open in Dundas, Minnesota, in the fall of 2026. The announcement adds another entry to the builder’s growing footprint in the southern Twin Cities metro area, where demand for new single-family homes has remained steady despite broader affordability pressures.

Dundas, located just south of Northfield in Rice County, has seen continued residential expansion in recent years as buyers seek housing options outside the core metropolitan area. Cannon Ridge is expected to bring D.R. Horton’s entry-level and move-up product lines to the community, though the company has not yet disclosed specifics on lot counts, pricing, or home sizes ahead of the planned opening next year.

The timing places the project’s launch roughly a year out, giving D.R. Horton a runway for site development, model construction, and pre-sales activity. Builders have increasingly staggered new community openings to align with seasonal buying patterns and to manage inventory in a market where mortgage rates have weighed on buyer traffic.

Shares of D.R. Horton closed at $138.49 in the most recent session, down 3.62% from the prior close of $143.69, leaving the company with a market capitalization of roughly $39.9 billion. The Texas-based builder operates across six regions and 126 markets in 36 states, spanning land acquisition and development alongside home construction and sales.

The Cannon Ridge announcement reflects D.R. Horton’s ongoing strategy of replenishing its community count with new land positions, a key metric investors track as a leading indicator of future deliveries. Expansion into smaller, fast-growing exurban markets like Dundas also fits with the industry’s broader pivot toward more affordable price points farther from urban centers.

What to watch

• D.R. Horton’s next quarterly earnings report, which may include updates on new community openings and Minnesota market activity.
• Disclosure of Cannon Ridge details such as lot count, pricing, floor plans, and phase timing as the fall 2026 opening approaches.
• Broader housing indicators — mortgage rates and new-home inventory in the Minneapolis–St. Paul region — that will shape the community’s launch environment.

Source: original release