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0.00105263157894735 0.00407894736842108 0.0110526315789474 0.00473684210526315 -0.0268447368421052 -0.0160526315789474 0.0076315789473684 0.0189473684210526
Stock impact report

UPDATE 2-D.R. Horton pulls forecast as coronavirus crisis dents home demand [Reuters (UK)]

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 pulls forecast as coronavirus crisis dents home demand - Reuters 3 Min Read (Reuters) - Top U.S. homebuilder D.R. Horton Inc ( DHI.N ) abandoned its full-year financial targets on Tuesday, citing a jump in order cancellations as coronavirus-induced shutdowns left thousands of Americans out of work and worried about their financial future. The U.S. housing market was on a steady footing just before the outbreak on lower mortgage rates and a healthy job market, and the health crisis now threatens to derail the sector. The company said it experienced increases in sales cancellations and decreases in orders in late March and early April, compared to the weeks leading up to the outbreak. There is uncertainty over the extent and timing of disruption COVID-19 - the respiratory disease caused by the new coronavirus - will have on U.S. consumer confidence, demand for homes and availability of mortgage loans, the company said. Rival Lennar Corp ( LEN.N ) last month suspended its Show less Read more
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