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
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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
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News
- Here's Why D.R. Horton (DHI) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
- 20 US Cities with the Most Million-Dollar Homes [Yahoo! Finance]Yahoo! Finance
- D.R. Horton (DHI) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Institutional investors have a lot riding on D.R. Horton, Inc. (NYSE:DHI) with 83% ownership [Yahoo! Finance]Yahoo! Finance
- Homebuilder stocks rise after Fed projects three interest rate cuts this year [Yahoo! Finance]Yahoo! Finance
DHI
Earnings
- 1/23/24 - Miss
DHI
Sec Filings
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- 3/26/24 - Form 4
- DHI's page on the SEC website