D.R. Horton sees 2018 homes sales below estimates [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 sees 2018 homes sales below estimates | Reuters 2 Min Read (Reuters) - U.S. homebuilder D.R. Horton Inc ( DHI.N ) on Tuesday forecast fiscal 2018 home sales and orders below Wall Street estimates, as rising home prices and mortgage rates hurt ordinary Americans’ ability to borrow. While U.S. homebuilders have enjoyed robust demand, a short supply of homes and higher labor and raw material costs are forcing builders to raise prices of homes, making them less affordable at the same time as rises in Federal Reserve interest rates increase the cost of borrowing. Mortgage rates are edging closer to the 5 percent threshold for the first time in years and the combination of these factors has raised concerns about a slowdown in the industry in 2019 as overall job growth is also expected to moderate. Earlier this month, rival Lennar Corp ( LEN.N ) cut its fourth-quarter forecast for orders and deliveries, partly due to the sluggishness in the market. Still, Horton, which should
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- D.R. Horton, Inc. (NYSE: DHI) had its "underperform" rating re-affirmed by analysts at Wedbush. They now have a $130.00 price target on the stock.MarketBeat
- D.R. Horton guides higher for FY2024 revenue after strong Q2 beat [Seeking Alpha]Seeking Alpha
DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/18/24 - Form 8-K
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- DHI's page on the SEC website