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0.00057191878753226 0.00114383757506452 0.00142979696883055 0.00800686302545042 0.0185873605947957 0.0104375178724622 0.0155847869602517 0.016728624535316
Stock impact report

D.R. Horton forecasts weak home sales, shares fall 10 percent [Reuters]

D.R. Horton, Inc. (DHI) 
Last d.r. horton, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.drhorton.com
Company Research Source: Reuters
D.R. Horton forecasts weak home sales, shares fall 10 percent | Reuters 3 Min Read (Reuters) - D.R. Horton ( DHI.N ) shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts’ estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market. The weakness in shares also hit other homebuilders’ stocks. PulteGroup ( PHM.N ) fell 6 percent, while Lennar ( LEN.N ) was down 4 percent. The housing market has been a weak spot in a robust U.S. economy, with economists blaming the sluggishness on rising mortgage rates, which have combined with higher house prices, to make home purchasing unaffordable for some buyers. “The buyer is probably affordably stretched and taking a little bit of time to reset to changing market environment,” D.R. Horton Chief Operating Officer Michael Murray said on a conference call with analysts. The company said it was seeing a rise in incentive Show less Read more
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