Forestar Group Inc. operates as a real estate development company. The company engages in the acquisition, entitlement, development, and sale of real estate, primarily single-family residential and mixed-use communities. It also sells residential lots to home builders; and commercial properties. As of December 31, 2017, Forestar Group Inc. had 49 entitled, developed, or under development projects in 11 states and 16 markets planned for residential and commercial uses in the United States. The company is headquartered in Austin, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.