UPDATE 2-Homebuilder Pulte reports biggest decline in orders since 2013 [Reuters (UK)]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Reuters
Homebuilder Pulte reports biggest decline in orders since 2013 | Reuters 2 Min Read (Reuters) - The United States’ third largest homebuilder PulteGroup Inc posted its largest decline in orders in five years on Tuesday, joining larger rival D.R. Horton Inc in saying buyers were being priced out of the U.S. housing market. Pulte’s shares fell 3.4 pct to $26.10 in trading before the bell after it said orders fell 11.2 percent compared to the same period a year ago, to 4,267 homes. The average analysts’ estimate was 4,584. The company’s results showed net income tripled to $237.6 million, or 84 cents per share, in the quarter ended Dec. 31, but were skewed by the impact of tax charges a year ago and Chief Executive Officer Ryan Marshall gave a warning about the state of the market. “Conditions grew more challenging as 2018 progressed, with homebuying demand softening in response to affordability challenges and general market uncertainty,” Marshall said. Larger rival D.R. Horton last week
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News
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- California's $250 Million 'Dream For All' Program Shells Out $150K In First-Time Homebuyer Funds Despite State's $73 Billion Deficit [Yahoo! Finance]Yahoo! Finance
DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/29/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- DHI's page on the SEC website