U.S. new-home sales soar to eight-month high in November [MarketWatch]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: MarketWatch
New-home sales soar 17% in November, hit an 8-month high The numbers: New-home sales ran at a seasonally adjusted annual 657,000 rate in November, the Commerce Department said Thursday . That was 17% higher than October’s sales pace and marked an 8-month high. That trounced the MarketWatch forecast of a 563,000 selling rate. What happened: The government’s November report on sales of newly-constructed homes was delayed by the partial government shutdown. And as a reminder, new-home sales data are compiled based on small sample sizes, making them prone to hefty revisions. November’s data came with a reported margin of error of 20%. In November, sales were 7.7% lower than a year ago. The median sales price was $302,400, 12% lower than year-ago levels, a factor that probably helped boost sales. And there were precisely 6.0 months’ worth of inventory, the exact measure that has generally determined a market evenly balanced between supply and demand. Read: Home builders see rebound aft
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DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- DHI's page on the SEC website